A recent report published by Infinium Global Research on autoimmune disease drug market provides an in-depth analysis of segments and sub-segments in the global as well as regional autoimmune disease drug industry
Pune, India -- (SBWIRE) -- 11/27/2019 -- Infinium Global Research has added a new report on "Autoimmune Disease Drug Market (Indication - Diabetes Mellitus Type 1, Rheumatic Diseases, Multiple Sclerosis, Rare Diseases, and Other Indication; Drug Class - NSAIDs, Anti-inflammatory, Interferons, Antihyperglycemic, Immunosuppressants, and Other Drug Class; Distribution Channel - Hospital Pharmacies, Online Stores, and Retail Pharmacies): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025". A healthy immune system protects the body against diseases and infections. But if the immune system malfunctions, it mistakenly attacks healthy cells, tissues, and organs, and the condition cause autoimmune disease. These conditions can affect any part of the body, thus weakening bodily functions and can lead to life-threatening conditions. The global autoimmune disease drug market was approximately valued at US$ 113,553 million in 2018. It is expected to grow at a CAGR of 4.3 % from 2019 to 2025 and is anticipated to reach 153,680 million during forecast year.
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A Rising Number of Autoimmune Disease Populations is the Major Key Factor Driving the Market
As per the study of the National Institute of Health, more than 80 diseases occur as a result of the immune system attacking the body's organs, tissues, and cells. Autoimmune diseases have been reported to be on the rise in the U.S. and around the world. Thus a rising number of autoimmune disease populations is the major key factor driving the growth of the market. Moreover, growing assistance of government and private sectors, increasing reimbursement policies are also contributing to the growth of the market.
However, difficulties in diagnosis due to minimal learning about autoimmune diseases and its symptoms coupled with long-term side effects of the drugs may restrain the growth of the market. However, an increase in biopharmaceutical research companies to develop innovative drugs and innovative approaches for treatment as well as a rise in funding for technological advancement will fuel the autoimmune disease drug market in the future.
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Autoimmune Disease Drug Market: Segmentation
The autoimmune disease drug market is segmented by indication, drug class, and distribution channel. Based on indication the market can be further segmented into diabetes mellitus type 1, rheumatic diseases, multiple sclerosis, rare diseases, and others. Diabetes mellitus type 1, rheumatic diseases lead the segment owing to the greater worldwide prevalence of these diseases. Based on stats provided by the Centers for Disease Control and Prevention (CDC), in 2017 around 54.4 million U.S. adults suffer from arthritis equating to about 25% of the population. Based on drug class the market can be is segmented into NSAIDs, Anti-inflammatory, Interferons, antihyperglycemic, Immunosuppressants, and others. Based on the distribution channel the market can be categorized into hospital pharmacies, online stores, and retail pharmacies.
North America holds the Largest Market Share
Geographically, the market is categorized into North America, Europe, Asia Pacific, and RoW. North America dominates the market owing to the growing prevalence of the autoimmune disease. Additionally, rising research activities are expected to accelerate the growth of the market in this region. Europe market holds the second position in the market owing to its rising awareness regarding autoimmune diseases coupled with crucial steps taken by the government and private sectors to improve diagnosis, prevention, and management of the diseases. The market in the Asia Pacific region tends to increase during the forecast period due to an increase in healthcare expenditures.
Autoimmune Disease Drug Market: Competitive Analysis
The key players in the autoimmune drug market are F. Hoffmann-La Roche AG, Abbott Laboratories, Bristol-Myers Squibb Company, Amgen Inc., Johnson & Johnson, AstraZeneca plc., Pfizer Inc., Novartis AG, and others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the autoimmune disease drug.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.