Global Immunosuppressive Drugs Market: Overview
The global immunosuppressive drugs market is likely to rise at healthy rate over the period of forecast, from 2019 to 2027. The growth of the market is mostly ascribed to the rising number of organ transplants, progress made in organ transplant techniques and tissue engineering.
Immunosuppressants find copious use in post organ transplants and in the treatment of various autoimmune diseases like psoriasis, rheumatoid arthritis, and multiple sclerosis. After organ transplant, immunity of the patient need to be subdued to allow body to accept newly planted organ. As such, immunosuppressants find ample use post organ transplant surgery, which drive the market over forecast period.
The global immunosuppressive drugs market makes use of five different parameters for better understanding of the market. These parameters are drug type, route of administration, application, end user, and region. Equipped with such detailed segmentations, the understanding of the market could get better and deeper.
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Global Immunosuppressive Drugs Market: Notable Developments
Over the last few years, the global immunosuppressive drugs market has been characterized with some notable developments, one of which is mentioned below:
- In April 2019, GlaxoSmithKline PLC made an announcement of approval of Food and Drug Administration (FDA), US for their newly developed intravenous (IV) formulation of Benlysta. The approval of this new formulation would mean the children in the U.S. would now have an access to this FDA approved, newly developed medication to manage the effects of lupus.
A few of the renowned names in the global immunosuppressive drugs market comprise:
- GlaxoSmithKline PLC
- Bristol-Myers Squibb Company
- Glenmark Pharmaceuticals, Inc.
- Accord Healthcare
- Hoffmann-La Roche AG
- Pfizer Inc.
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Global Immunosuppressive Drugs Market: Key Trends
The growth of the global immunosuppressive drugs market is likely to be influenced by the below-mentioned growth factors over the forecast period, from 2019 to 2027.
Increase in the Number of Organ Transplants is Likely to Bolster its Demand
With the rise in the number of organ transplants and growing prevalence of autoimmune diseases worldwide, the global immunosuppressive drugs market is likely to gather momentum over the period of review. There has been a substantial rise in the number of organ transplants in the recent years. Transplants for various organs such as pancreas, liver, kidneys, and lungs are on the rise thereby supporting the growth opportunities for the global immunosuppressive drugs market. According to the findings of World Health Organization (WHO), nearly 91,800 kidney transplant procedures, around 6,200 lung transplants and about 30,800 liver transplants took place in 2018. Prominent companies of the world are making efforts to leverage rise in organ transplant procedures, which is likely to add to the growth of the market in times to come
Immunosuppressive drugs play an important role in the success of organ transplant procedures, as the demand for these drugs are bound to rise in near future. Changing lifestyle of people over the years has contributed to the rise in the incidences of autoimmune diseases. Change in dietary habits and lifestyle leads to insufficient sleep, stress, unhealthy eating habits, smoking, and various environmental factors are at play in the rise of autoimmune diseases like celiac disease, lupus, and others. With the rise in autoimmune diseases, the global immunosuppressive drugs market is likely to expand rapidly over the assessment period.
The expansion of the global immunosuppressive drugs market is likely to be hindered by strict approval and regulatory processes. In addition, immunosuppressive drugs generally do not provide complementary treatment of any kind.
Global Immunosuppressive Drugs Market: Geographical Analysis
The global immunosuppressive drugs market is divided into the principal regions of North America, Latin America, Asia Pacific, Middle East and Africa, and Europe. From the regional standpoint, North America is likely to lead the growth of the market over the forecast period owing to a rapid rise in the number of organ transplants. In addition, technological advancement of the healthcare sector coupled with massive investment made in the research and development.
Apart from North America, Europe is likely to emerge as another prominent region. Increased prevalence of autoimmune diseases and rising number of organ transplants in Western Europe is anticipated to drive the market in Europe.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.