Interleukin Inhibitors Global Market To Reach Value Of About $ 26.88 Billion In 2023
The global interleukin inhibitors market is expected to decline from $18.22 billion in 2019 to $17.93 billion in 2020 at a compound annual growth rate (CAGR) of -1.58%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $26.88 billion in 2023 at a CAGR of 14.44%.
The interleukin inhibitors market consists of the sales of interleukin inhibitors such as interleukin -1, interleukin -5, interleukin -6, interleukin -17, interleukin 23, by companies that manufacture them. These interleukin inhibitors are used for the treatment of autoimmune and inflammatory disorders such as psoriasis, psoriatic arthritis, rheumatoid arthritis, asthma, and inflammatory bowel disease
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The global interleukin inhibitors market is further segmented based on type and geography.
By Type: IL-17, IL-23, IL-1, IL-5, IL-6, Others.
By Application: Psoriasis, Psoriatic Arthritis, Rheumatoid Arthritis, Asthma, Inflammatory Bowel Disease, Others.
By Application: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
By Geography: The global interleukin inhibitors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America interleukin inhibitors market accounts for the largest share in the global interleukin inhibitors market.
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Trends In The Interleukin Inhibitors Market
High costs associated with biological therapy are hampering the interleukin inhibitors market. Biologic treatment that has revolutionized the care of psoriasis patients is expensive than the other treatments. The total annual cost ranged from $2,077 to US $13,132 for psoriasis and from $10,924 to $17,050 for psoriatic arthritis, per patient.
Interleukin Inhibitors Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides interleukin inhibitors market overviews, analyzes and forecasts market size and growth for the global interleukin inhibitors market, interleukin inhibitors market share, interleukin inhibitors market players, interleukin inhibitors market segments and geographies, interleukin inhibitors market’s leading competitors’ revenues, profiles and market shares. The interleukin inhibitors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.