Biologic response modifiers market modulate the immune system to combat infections and diseases. These novel class of drugs are used for immunotherapy, and are thus manufactured in pharmaceutical industries in large volume to enhance or suppress the activity of immune system. These include interleukins, monoclonal antibodies, interferons, and colony stimulating factors, which activate the immune system to increase the body’s natural defense mechanisms against cancer.
The key players operating in this market include Swedish Orphan Biovitrum, Bristol-Myers Squibb, Janssen Inc., Merck & Co., Inc. Biogen, AbbVie Inc., Amgen, Novartis AG, Roche Holding AG, and Eli Lilly &Co.
The factors that drive the of the biologic response modifiers market include increase in prevalence of cancer & autoimmune diseases, rise in R&D activities to develop advanced products, unhealthy lifestyle such as smoking & poor diet, advanced healthcare set-up, and growth in geriatric population. However, increase in side effects, stringent government regulations associated with biologic response modifiers, and high costs of these modifiers restrict the market growth. Increase in clinical trials and rise in demand for biologics are expected to provide number of opportunities for pharmaceutical industries, thus fueling the market growth in the near future.
The biologic response modifiers market is segmented on the basis of product, treatment, distribution channel, and region. Based on product, the market is categorized into interleukins, interferons, colony stimulating factors, tyrosine kinase inhibitors, TNF-?, angiogenic inhibitors, monoclonal antibodies, and tumor vaccines. By treatment type, it is bifurcated into cancer and autoimmune diseases. According to distribution network, it is classified into hospital pharmacies, retail pharmacies, and mail order pharmacies. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
- The study provides an in-depth analysis of the global biologic response modifiers market with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides information about the current and upcoming trends in the global biologic response modifiers market from 2016 to 2023, which helps to determine the prevailing opportunities.
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- Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
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