Number of pages: 100 | Report Format: PDF | Published date: January 02, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market Size Value in 2021 |
US$ 92.84 billion |
Revenue Forecast in 2030 |
US$ 188.70 billion |
CAGR |
8.2% |
Base Year for Estimation |
2021 |
Forecast Period |
2022-2030 |
Segments Covered |
Drug Class, Disease Indication, Distribution Channel, and Region |
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global immunology market was valued at US$ 92.84 billion in 2021 and is expected to register a revenue CAGR of 8.2% to reach US$ 188.70 billion by 2030.
Immunology Market Fundamentals
The immune system protects an individual from infection in different ways. If the immune system of an individual is non-functional, they can develop various diseases, such as autoimmunity, allergies, and cancer. Autoimmune disorders develop when the immune system attacks the body that it is supposed to defend. People with autoimmune diseases have a deficiency in their immune system that prevents them from keeping "self" molecules apart from "non-self" or "foreign" molecules. Numerous laboratory tests are available in immunology to identify autoimmune disorders.
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Immunology Market Dynamics
Rising prevalence of infectious diseases, such as hepatitis and AIDS, is driving revenue growth in the immunology market. Immunomodulators are used in the treatment of infectious disorders, such as AIDS and hepatitis.
Immunology Market Ecosystem
The global immunology market is analyzed based on four parameters: drug class, disease indication, distribution channel, and region.
Immunology Market by Drug Class
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Based on the drug class, the global immunology market is segmented into monoclonal antibodies (mAb), polyclonal antibodies (pAb), fusion proteins, immunosuppressants, and others.
The monoclonal antibody (mAb) segment is expected to dominate the global immunology market during the forecast period. This can be attributed to established clinical efficiency of monoclonal antibodies, such as adalimumab and rituximab, in the treatment of rare and chronic conditions and autoimmune diseases. In addition, increasing number of approvals for mAbs for the treatment of various conditions favor segmental revenue growth.
Immunology Market by Disease Indication
Based on the disease indication, the global immunology market is segmented into rheumatoid arthritis, psoriatic arthritis, plaque psoriasis, ankylosing spondylitis, inflammatory bowel disease, prophylaxis of organ rejection, and others.
The rheumatoid arthritis segment dominates the market in terms of revenue share, owing to rising number of patients undergoing treatment, leading to high demand for drugs required in the treatment of rheumatoid arthritis.
Immunology Market by Distribution Channel
Based on the distribution channel, the global immunology market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The retail pharmacy segment accounts for the largest revenue share in the global immunology market due to increasing number of hospitalizations and visits to physicians by patients suffering from immunological or autoimmune disorders.
Immunology Market by Region
Based on the region, the global immunology market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
North America accounts for the largest revenue share of the global market for immunology. This can be attributed to availability of superior healthcare reimbursement policies and development of advanced technologies.
Europe is the second-largest region in terms of market value due to the ease of availability of immunology drugs and high affordability of therapy.
The significantly large patient pool, improving economy, growing government initiatives, and increasing awareness among people about health are expected to lead to rapid revenue growth in the Asia Pacific immunology market during the forecast period.
Immunology Market Competitive Landscape
The prominent players operating in the global immunology market include:
Immunology Market Strategic Developments
Increasing incidences of immunological and autoimmune disorders and growing understanding about treatment solutions for these illnesses are driving revenue growth in the global immunology market.
Pfizer, Inc., AbbVie Inc., and Janssen Global Services, LLC are among the top players operating in the global market.
The monoclonal antibody (mAb) segment of the drug class is expected to grow profusely in the coming years owing to the attribution of the established clinical efficiency of monoclonal antibodies.
The market in North America is expected to register the highest revenue growth during the forecast period.
The immunology market is likely to register revenue growth at sluggish CAGR due to high drug costs and lack of awareness about available treatment solutions.
*Insights on financial performance is subject to availability of information in public domain