Immunomodulators are the active agents used in immunotherapy that aid the regulation or for normalizing the immune system. The treatment of disease by suppressing, inducing, or enhancing immune response is known as immunotherapy. Immunomodulators are assorted arrays of natural, synthetic, and recombinant preparations and its applications include Crohn’s disease, multiple sclerosis, and rheumatoid arthritis, among others. The new drugs that are being developed to cater to the unmet needs and the anticipated product launches are creating lucrative opportunities for the progressive growth of the global immunomodulators market.
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The increasing cases of chronic diseases such as cancer, asthma, multiple sclerosis, and allergic reactions are propelling the demand for the global immunomodulators market. Additionally, the high remission rate and less organ rejection incidents render immunomodulatory therapy as a promising therapy, which is further contributing to the advancement of the global immunomodulators market. The global market is anticipated to grow exponentially owing to immunomodulators posing the risk of fewer side effects as compared to existing drugs.
Some of the key insights about the global immunomodulators market are given below:
- The global immunomodulators market has five regional segments viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by North America owing to the presence of numerous people suffering from various chronic ailments in the region.
- The leading players in the global market for immunomodulators are expected to witness strong competition in the coming years of the forecast period as they try to occupy the top spot for better profits. Some of the leading brands in the global market include names such as Biogen, Merck & Co., Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Novartis AG, Johnson & Johnson, Abbott, Amgen, Inc., a and F. Hoffman-La Roche Ltd. among others.
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