Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 54.8 Billion | USD 113.48 Billion | 12.9% | 2021 |
FrequentlyAsked Questions
Factors contributing to the global autoimmune disease therapy market's growth include rising autoimmune disease prevalence, more patient awareness, and increased laboratory automation, which allows for the simultaneous diagnosis of several diagnostic tests, resulting in faster and more accurate results. The prevalence of these disorders is increasing, which boosts consumer awareness of the therapeutics market.
According to the Zion Market Research report, the global autoimmune disease therapeutics market was worth about 54.8 (USD billion) in 2021 and is predicted to grow to around 113.48 (USD billion) by 2028, with a compound annual growth rate (CAGR) of about 12.9%.
North America dominates the autoimmune disease therapeutics market and accounts for more than 42.4% of the global revenue. This is due to the rising prevalence of autoimmune illnesses and the increased prominence of government initiatives. Increasing healthcare expenditure, improved healthcare infrastructure, increased adoption of new technologies, and the presence of significant vital players are all contributing to the region's market growth.
Some of the main competitors dominating the global autoimmune disease therapeutics market include - Chugai Pharmaceutical Co. Ltd, Amgen Inc, Eli Lilly and Company, Genentech Inc, Elan Corporation Plc, F. Hoffmann-La Roche AG, Squibb Company, Merck & Co. Inc, GlaxoSmithKline Plc, Bayer Schering Pharma AG, Biogen Idec Inc, Johnson & Johnson Inc, and Abbott Laboratories.
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