LONDON--(BUSINESS WIRE)--The global Interleukin inhibitors market 2019-2023 is expected to post a CAGR of more than 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
A key factor driving the growth of the global interleukin inhibitors market size is the high target affinity and specificity of interleukin inhibitors. Interleukin is target-specific in binding to the subunit of interleukin cytokines and inhibits the interaction receptors. Unlike conventional therapies, interleukin inhibitors work directly on interleukin receptors, and as a result, these drugs are highly effective in the treatment of autoimmune diseases such as psoriasis, rheumatoid arthritis, and Crohn’s disease. Moreover, the growing R&D activities in the field and the positive results of clinical trials for late-stage molecules will also support the growth of the interleukin inhibitors market.
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As per Technavio, the increasing awareness about autoimmune diseases will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Interleukin Inhibitors Market: Increasing Awareness about Autoimmune Diseases
Government bodies and organizations across the world are conducting several campaigns to increase awareness about various autoimmune diseases such as rheumatoid arthritis, asthma, psoriasis, and others. For instance, the month of May has been recognized as the National Arthritis Awareness Month by the National Arthritis Awareness Program (NAAP). Such awareness campaigns are contributing heavily to the increased adoption of various therapeutics, including interleukin inhibitors.
“Apart from the increasing awareness about autoimmune diseases, other factors such as the introduction of biosimilars, and strategic alliances among vendors will boost the interleukin inhibitors market growth during the forecast period,” says a senior analyst at Technavio.
Global Interleukin Inhibitors Market: Segmentation Analysis
This market research report segments the global interleukin inhibitors market by product (interleukin-23 inhibitors, interleukin-17 inhibitors, interleukin-6 inhibitors, and other interleukin inhibitors) and geographical regions (North America, Europe, Asia, and ROW).
The North American region led the market in 2018, followed by Europe, Asia, and ROW, respectively. The dominance of North America can be attributed to several factors such as the recent approval of various drugs, patient assistance programs, and the strong prevalence of various autoimmune diseases in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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