Autoimmune Disease Therapeutics Market Scope
Autoimmune diseases are more commonly caused by genetic, infectious, or environmental factors. Autoimmune disease (AD) is one of the emerging non-communicable diseases. According to the National Institute of Health, approximately 50 million Americans suffer from autoimmune diseases. The disease is estimated to be one of the top 10 causes of death in women under the age of 65 and is the second-highest cause of chronic illness. Also, it is the top cause of morbidity in women in the United States. This is accelerating the growth of the global autoimmune disease therapeutics market. Rising prevalence of autoimmune diseases the demand for drugs used in the treatment for autoimmune disease is also growing and it has projected the growth of the autoimmune disease therapeutics market in the forecast period.
According to AMA, the Global Autoimmune Disease Therapeutics market is expected to see growth rate of 3.92%The Players having a strong hold in the market are Abbott Laboratories, Amgen Inc., Genentech Inc., and F. Hoffmann-La Roche AG. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Autoimmune Disease Therapeutics market throughout the predicted period.
Abbott Laboratories (United States), Amgen Inc. (United States), Genentech Inc. (United States), F. Hoffmann-La Roche AG (Switzerland), Pfizer Inc. (United States), Novartis International AG (Switzerland), Merck & Co. Inc. (United States), Bayer Schering Pharma AG (Germany), Johnson & Johnson Inc. (United States), Parvus Therapeutics Inc (United States), Biogen Idec Inc. (United States) and Sanofi S.A (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Elan Corporation Plc (Ireland), Eli Lilly and Company (United States), Chugai Pharmaceutical Co. Ltd. (Japan) and GlaxoSmithKline Plc (United Kingdom).
Segmentation Overview
The study have segmented the market of Global Autoimmune Disease Therapeutics market and Region with country level break-up.
On the basis of geography, the market of Autoimmune Disease Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Automation of Laboratories Leading to Diagnosis of Several Diagnostic Tests Simultaneously to Generate Rapid and Error Free Results
Market Growth Drivers:
Growing Prevalence of Autoimmune Diseases Coupled With Growing Public Awareness and Presence of Government Initiatives Such As Affordable Care Act and Patient Protection Act
Challenges:
Non-Availability of the Treatment in Developing Countries along with Emergence of Alternative Technologies
Restraints:
Inadequate Funding in Developing Countries and High Cost Involved in the Treatment of the Disease
Opportunities:
Technological Advancements such as the Development of Novel Biomarkers such as Enbrel and Humira, and Portable Diagnostic Point of Care Equipment
Market Leaders and their Expansionary Development Strategies
On 17th August 2020, Sanofi and Principia Biopharma Inc. a late-stage biopharmaceutical company focused on developing treatments for immune-mediated diseases, entered into a definitive agreement under which Sanofi has acquired all of the outstanding shares of Principia for USD 100 per share in cash, which represents an aggregate equity value of approximately USD 3.68 billion.
On 26th June 2019, Parvus Therapeutics, a biopharmaceutical company focused on the development of disease-specific immunoregulatory medicines to treat autoimmune diseases without impairing normal immunity, has announced a license and collaboration agreement to develop Navacim therapeutics for gastrointestinal inflammatory diseases, including autoimmune liver diseases (ALD).
Key Target Audience
Autoimmune Disease Therapeutics Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.