Global immunostimulants industry in 2022 was US$ 108.22 billion and is estimated to be US$ 113.54 billion in 2023. Future Market Insights has mentioned in its reports that the immunostimulants industry will expand at a CAGR of 6.2% between 2023 and 2033, totaling around US$ 206.96 billion by 2033.
Expansion in the geriatric population worldwide is anticipated to favor immunomodulators as this population is mainly prone to the development of diseases. Number of persons above the age of 65 years is assumed to double in the coming years. old age people are also prone to various chronic diseases like cardiovascular diseases, endovascular diseases, infectious diseases, and dental disorders, which can raise the demand for immunomodulators cases across the globe.
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Surge in the costs associated with immunomodulator products and strict regulatory policies for approval of immunomodulators antibodies will likely act as market restraints factors for the growth of the immunomodulators in the above-mentioned projected timeframe.
Key Takeaways from the Market Study:
- Global immunostimulants industry grew at a CAGR of 5.0% between 2017 and 2022.
- North American market is accounting for about 34.2%.
- United States is the most lucrative industry for immunostimulants owing to the rise in cases of autoimmune diseases with a market share of 31.5%.
- Sales in Germany are set to increase at a CAGR of nearly 6.1% in the Europe immunostimulants market during the forecast period.
- Demand for immunostimulants in Japan is projected to increase at a 3.4% CAGR over the assessment period.
- Under application type, the oncology segment is expected to account for 32.2% of the total market share.
- Under the end-user segment, hospital pharmacies are accounted for 44.1% of the total market over the forecast period.
“Expansion of the Biopharmaceutical Industry is one of the major key opportunities for the global immunostimulants market”, comments a Future Market Insights analyst.
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Competitive Landscape:
Key players operating in the global immunostimulants industry are investing in collaborations with service providers to advance personalized healthcare using computation. They are also focusing on research and development to improve their product portfolios. For instance:
- In June 2023, Merck KGaA has been investing heavily in its biopharma business as part of an effort of growing to 25 billion euros in global revenues by 2025, which will be starting next year, and its expansion campaign could include M&A.
- In January 2023, Bayer and the agricultural biotech company Oerth Bio announced a new collaboration seeking to develop the next generation of more sustainable crop protection products.
The unique protein degradation technology used by Oerth Bio has the potential to generate products that can support Bayer’s sustainability objective in reducing the environmental impact of agriculture, via lower application rates and favorable safety profiles.
Some Of The Key Players Are:
- F. Hoffmann-La Roche Ltd
- Merck KGaA
- Bayer AG
- Biogen Idec
- GenSci
- Sinovac
- BioLegend
- Invitrogen
- OriGene
- Biorbyt
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Key Market Segments Covered in Immunostimulants Industry Research:
By Product:
- Colony Stimulating Factors
- Interferons
- Interleukins
- Vaccines
By Application:
- Oncology
- Respiratory
- Chronic & Autoimmune Disorders
- Others
By End-User:
- Hospital Pharmacies
- Retail Pharmacies
- Specialty Clinics
- Online Pharmacies
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East and Africa
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