Portland, OR, June 29, 2020 (GLOBE NEWSWIRE) -- According to the report, the global immunosuppressants market was estimated at $13.89 billion in 2018 and is expected to hit $42.51 billion by 2026, registering a CAGR of 14.7% from 2019 to 2026. The report offers an extensive analysis of the changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Increase in autoimmune disorders, and surge in demand for organ transplantation drive the growth of the global immunosuppressant market. On the other hand, lack of awareness toward organ transplantation impedes the growth to certain extent. However, several growth prospects in emerging economies have created a number of opportunities for the key players in the industry.
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Based on drug class, the calcineurin inhibitors segment accounted for nearly one-third of the global immunosuppressant market share in 2018, and is expected to dominate throughout the forecast period. The same segment is also anticipated to grow at the fastest CAGR of 16.2% by 2026. This is due to increased adoption of these drugs during organ transplantation. It's also helpful in treating autoimmune disorders.
Based on indication, the autoimmune disorders segment contributed to nearly half of the global immunosuppressant market revenue in 2018, and is anticipated to rule the roost during 2019–2026. Rise in prevalence of autoimmune disorders such as arthritis across the globe has boosted the growth of the segment. The organ transplantation segment, on the other hand, would showcase the fastest CAGR of 15.5% till 2026. Surge in use of these drugs during organ transplantation has propelled the growth of the segment.
Based on geography, North America held the highest share in 2018, generating more than two-fifths of the global immunosuppressant market. This is attributed to increase in incidence of auto-immune disorders in this province. Simultaneously, the region across LAMEA would cite the fastest CAGR of 16.7% during the estimated period. Rise in healthcare expenditure, surge in disposable incomes, and government measures toward making immunosuppressant drugs available for patients contribute to the market growth.
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Key market players-
- Bristol Myers Squibb
- Pfizer
- GlaxoSmithKline Plc.
- Sanofi S.A.
- Astellas Pharma, Inc.
- Intas Pharmaceuticals Ltd.
- Johnson & Johnson
- Mylan Laboratories Inc.
- F. Hoffmann La Roche Ltd.
- Novartis AG, Inc.
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