Covid-19: Impact on The Global Immunosuppressants Industry


Posted June 27, 2020 by torento2310

The Global Immunosuppressants Industry 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.

 
An Increase in Autoimmune Disorders and a surge in demand for organ transplantation drive the growth of the global immunosuppressant market. On the other hand, Covid19’s Impact and lack of awareness toward organ transplantation impede growth to a certain extent. However, several growth prospects in emerging economies have created a number of opportunities for the Key Players in the industry.

According to the report, The Global Immunosuppressants Industry 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 calcineurin inhibitors segment to retain its dominance by 2026

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 the increased adoption of these drugs during organ transplantation. It’s also helpful in treating autoimmune disorders.

The autoimmune disorders segment to maintain the lion’s share during the study period

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. The rise in the 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. The surge in the use of these drugs during organ transplantation has propelled the growth of the segment.

North America held the major share in 2018

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 an increase in the 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, the surge in disposable incomes, and government measures toward making immunosuppressant drugs available for patients contribute to the market growth.


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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Last Updated June 27, 2020