Interleukin inhibitors are substances used to suppress the immune system and prevent interleukins from acting. White blood cells (lymphocytes, monocytes, and macrophages) create interleukins, a type of cytokine, in response to infection. They play an essential role in immune system regulation. The most common interleukin inhibitors include IL-17, IL-23, IL-1, IL-5, IL-6, and others. Interleukin 17 belongs to the cystine knot cytokine family, which has pro-inflammatory effects. When stimulated with IL-23, a subset of T helper cells known as T helper 17 cells produces them. Psoriasis, psoriatic arthritis, rheumatoid arthritis, asthma, inflammatory bowel disease, and other conditions are among the applications available through a variety of channels, including hospital pharmacies, retail pharmacies, and online pharmacies.
Global Interleukin Inhibitors Market Driving Factors and Challenges
Driving Factors-
Increasing cases of autoimmune illnesses over the world.
The prevalence of autoimmune disorders such as systemic lupus erythematosus, inflammatory bowel disease, multiple sclerosis, Guillain-barre syndrome, asthma, Graves' disease, and others has risen dramatically over the world. With an increasing number of patients suffering from autoimmune illnesses, there is a greater demand for effective treatments. These disorders can be treated using IL inhibitor-based medicines, which will drive the growth of the interleukin inhibitors market throughout the forecast period.
Challenges-
The high expense of biological therapy is probably going to limit market expansion.
The market for interleukin inhibitors is being hampered by the high expenses of biological therapy. Compared to previous treatments, biologic treatment, which has transformed the management of psoriasis sufferers, is more costly. For psoriasis, the total yearly cost ranged from $2,077 to $13,132 in the US, whereas for psoriatic arthritis, the range was $10,924 to $17,050 per patient. Biologics therapy costs ranged from $10,000 to $30,000 annually as of 2020. Consequently, the low healthcare spending in underdeveloped nations and the greater cost of biologics will probably limit market expansion.
Impact of COVID-19 on Global Interleukin Inhibitors Market
The Covid-19 epidemic has had a mixed effect on the interleukin inhibitor industry. On the one hand, there has been a rise in demand for these inhibitors due to their potential use in treating cytokine storms associated with severe Covid-19 cases. However, upheavals in the healthcare system and a concentration on Covid-19-related research have hampered the development and commercialization of interleukin inhibitors for other diseases.
Global Interleukin Inhibitors Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Novartis AG, AbbVie Inc, Eli Lilly and Company, Regeneron Pharmaceuticals Inc, Johnson & Johnson Services, Inc, F. Hoffmann-La Roche Ltd, AstraZeneca, Bausch Health Companies Inc, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd.
Global Interleukin Inhibitors Market Segmentation:
By Type: Based on the Type, Global Interleukin Inhibitors Market is segmented as; IL-1 Inhibitors, IL-2 Inhibitors, IL-5 Inhibitors, IL-6 Inhibitors, IL-17 Inhibitors, IL-23 Inhibitors, Others.
By Route of Administration: Based on the Route of Administration, Global Interleukin Inhibitors Market is segmented as; Subcutaneous, Intravenous.
By Application: Based on the Application, Global Interleukin Inhibitors Market is segmented as; Rheumatoid Arthritis, Psoriasis, Inflammatory Bowel Disease, Asthma, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.