According to Future Market Insights research, during the projected period, the Interleukin6 - Il6- Inhibitors Market is expected to grow at a CAGR of 10.9%.
The market value is projected to increase from USD 33.3 Billion in 2023 to USD 93.3 Billion by 2033. The interleukin6 - il6- inhibitors market was valued at USD 30.2 Billion at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 10.2% in 2023.
Market Outlook:
Data Points | Market Insights |
---|---|
Market Value 2022 | USD 30.2 Billion |
Market Value 2023 | USD 33.3 Billion |
Market Value 2033 | USD 93.3 Billion |
CAGR 2023 to 2033 | 10.9% |
Share of Top 5 Countries | 75.7% |
Key Players | The key players in the interleukin6 - il6- inhibitors market are Novartis AG; AbbVie Inc.; Eli Lilly and Company; Regeneron Pharmaceuticals, Inc.; Johnson & Johnson Services, Inc.; F. Hoffmann-La Roche; Sanofi; GlaxoSmithKline Plc; AstraZeneca plc; and Investor AB |
Interleukin inhibitors are immunosuppressive medications that prevent interleukins from activating. A class of cytokines known as interleukins is produced by lymphocytes, monocytes, macrophages, and a few other types of cells. They play a key role in the immune system's control.
The strong product pipeline for neurodegenerative disease treatment is one significant factor that is potentially capable of propelling the IL-6 inhibitors market. Currently, both IL-1 and IL-6 inhibitors are available for clinical use to treat systemic juvenile idiopathic arthritis (sJIA). The drugs have shown remarkable effects in sJIA treatment.
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Sales of the interleukin6 - il6- inhibitors market grew at a CAGR of 7.6% between 2017 and 2022. The global interleukin6 - il6- inhibitors market holds around 7.3% of the global biopharmaceutical market valued at aorund USD 410.5 Billion in 2022.
The increasing prevalence of neurological disorders is one of the major factors propelling the interleukin-6 (IL-6) inhibitors market. The prevalence of neurological disorders is on the rise due to the increasing global population and an average lifespan
Due to the rise in autoimmune diseases, the global market is expected to grow at a lucrative pace. IL-6 is overexpressed in various autoimmune disorders, and understanding of IL-6 has paved the path for new therapeutic approaches for autoimmune and inflammatory diseases.
IL-6 inhibitors have been developed for the treatment of cancers as well. Studies have shown that IL-6 is involved in the growth and progression of various cancers, including breast, lung, and prostate cancer. Therefore, IL-6 inhibitors have been investigated as a potential therapeutic option for cancer treatment. Thus the potential benefits of il-6 inhibitors in treating various cancers is likely to open doors for the development of effective medicines for the treatment of such conditions and ultimately uplift the market.
Owing to such factors, FMI projects the global interleukin6 - il6- inhibitors market to grow at a CAGR of 10.9% through the forecast years.
With the growing demand for IL-6 inhibitors, manufacturers are expanding their product portfolio by conducting various clinical trials through rigorous research and development efforts and developing new and improved IL-6 inhibitors to cater to the needs of patients suffering from various diseases.
This is in turn helping manufacturers in gaining a competitive advantage in the market and improving their revenue streams.
IL-6 inhibitors have potential therapeutic uses beyond the treatment of autoimmune diseases and neurological disorders, including cancer treatment, cardiovascular disease treatment, inflammatory bowel disease treatment, and Alzheimer's disease treatment. This provides an immense growth prospect for the market to flourish in the coming future, as this will cater with the needs of vast patient pool of numerous diseases.
IL-6 inhibitors are expensive, which can limit their accessibility to patients, particularly in developing countries. The high cost of IL-6 inhibitors can also limit their adoption by healthcare providers and payers.
IL-6 inhibitors can cause side effects, such as infections, gastrointestinal disorders, and liver function abnormalities. These side effects can limit the use of IL-6 inhibitors which will provide impedance to the market.
These side effects can limit the use of IL-6 inhibitors in some patients and affect their market growth.
The development and commercialization of IL-6 inhibitors are subject to regulatory approval, which can be a time-consuming and costly process. Regulatory challenges can delay the launch of new IL-6 inhibitors and to develop new formulations coupled with licensing process, this requires hefty capital investment, this factor may affect the market growth in the future.
The USA contributed the most in the North America and made a profitable market, holding about 51.4% of the global market share in 2022.
The United States is the leading country in the global market due to several factors like as high prevalence of autoimmune diseases in the nation, advanced healthcare infrastructure, favorable regulatory environment, and presence of major players such as such as Novartis AG, AbbVie Inc, and Eli Lilly and Company.
The United States has a high prevalence of autoimmune diseases, such as rheumatoid arthritis, which has contributed to the growth of the IL-6 inhibitors market in the country.
The United Kingdom dominated the European market for interleukin6 - il6- inhibitors market and accounted for around 4.4% of the global market share in 2022, owing to its advanced healthcare infrastructure, which has facilitated the development and commercialization of IL-6 inhibitors, the UK also has a favorable regulatory environment for the development and commercialization of IL-6 inhibitors.
Likewise, the demand for IL-6 inhibitors is growing in the UK due to the increasing prevalence of various diseases and the rising awareness about the benefits of IL-6 inhibitors.
Japan is projected to be the most attractive market in the East Asia interleukin6 - il6- inhibitors market, accounting for the global market share of around 6.2% in 2022, attributed to the growing demand for biologics, including IL-6 inhibitors, is growing in Japan due to the increasing prevalence of chronic diseases and the aging population.
On top of that, there is increasing research and development activities in Japan for the development of IL-6 inhibitors for the treatment of various diseases, including rheumatoid arthritis and cancers. Thus, it is likely that these factors will continue to boost the market in the future as well.
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The Tocilizumab segment accounted for the dominant share of 43.1% in the global market in 2022 and expected to expand at a CAGR of 9.9% throughout the forecast period.
Tocilizumab has been approved for the treatment of various diseases, including rheumatoid arthritis, juvenile idiopathic arthritis, Castleman's disease, and COVID-19. This makes it a versatile drug that can be used for different indications.
Tocilizumab has shown high efficacy in the treatment of rheumatoid arthritis and other diseases as well, it has been found to improve quality of life by reducing systemic symptoms, including fatigue, anemia, anorexia, and fever.
Overall, Tocilizumab is generally preferred over other interleukin-6 (IL-6) inhibitors due to its wide range of indications, high efficacy, favorable safety profile, unique mechanism of action.
Based on disease type, the rheumatoid arthritis accounted for the prominent share of around 47.7% in 2022. IL-6 inhibitors, such as tocilizumab and sarilumab, have been found to be highly effective in the treatment of RA.
They have been shown to improve clinical manifestations of the disease, including joint pain, swelling, and stiffness. RA is a common autoimmune disease, and its prevalence is increasing worldwide. This has led to a growing demand for IL-6 inhibitors, such as tocilizumab and sarilumab, for the treatment of RA.
Hospital pharmacies held the significant share in the global market as a distribution channel with holding about 45.8% of the overall market by the end of 2022.
The dominance of the segment can be attributed to the fact that these drugs are administered intravenously and require close monitoring, which is best done in a hospital setting. Also, IL-6 inhibitors are typically prescribed by rheumatologists and other specialists who work in hospitals or specialized clinics.
Key players in the market are focused on increasing research and development efforts to strengthen their position in the interleukin6 - il6- inhibitors market, and also to expand their footprint in emerging markets. The key strategy adopted by manufacturers to lead in the market is the partnerships and collaborations with research institutions and other players to expand their business.
For instance:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Türkiye, South Africa, and GCC Countries |
Key Segments Covered | il-6 Inhibitors, Disease, Distribution Channel, and Region |
Key Companies Profiled | Novartis AG; AbbVie Inc.; Eli Lilly and Company; Regeneron Pharmaceuticals, Inc.; Johnson & Johnson Services, Inc.; F. Hoffmann-La Roche; Sanofi; GlaxoSmithKline Plc; AstraZeneca plc; Investor AB; Genentech |
Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global market size to reach USD 93.3 billion by 2033.
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 10.2% through 2033
The adoption of alternative options and high costs may limit market growth.
The growing advanced healthcare sector driving the United States market.
Market Value for 2024 | USD 52 billion |
---|---|
Market Value for 2034 | USD 102.4 billion |
Forecast CAGR for 2024 to 2034 | 7% |
Estimated Market Share (2023) | USD 1,353.2 million |
---|---|
Forecasted Market Size (2033) | USD 1,940.6 million |
Projected Market Growth Rate (2023 to 2033) | 3.7% CAGR |
Current Year Value (2023) | USD 71,466.47 million |
---|---|
Expected Forecast Value (2033) | USD 123,507.30 million |
Projected CAGR (2023 to 2033) | 5.6% |
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