Global Interferons Market is expected to foresee significant growth. North America to lead the growth!

Interferons are the protein molecules that are part of the defense system of the body and are produced by the white blood cells as a defensive response to the disease. Furthermore, the interferon can also be synthesized in the laboratory which can be used in the treatment of various diseases. The rising prevalence of viral diseases is one of the major factors that is contributing to the growth of the interferons market. For example, as per the WHO,the average EVD case fatality rate is around 50%. Case fatality rates have varied from 25% to 90% in past outbreaks. Additionally, the changing lifestyle preferences and an increasing number of diseases that compromises the immunity of the body are also responsible for the growth of the interferons market.

The Interferons Market is expected to grow at a steady rate of around 4% owing to the rising cases of cancer diseases. Major companies in the market offer Roche, Merck & Co., Bristol-Myers Squibb, Biogen Inc., Bayer AG, Zydus Cadila, Novartis AG, Pfizer Inc., Biosidus, and Synairgen.

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Based on the product, the market has been categorized into interferon gamma, interferon beta, and interferon alpha. The interferon-beta category is to witness a higher CAGR during the forecast period owing to its efficacy in the treatment of various brain disorders such as hepatitis. Additionally, the interferon beta also helps to reduce the episodes of relapsing-remitting which is a symptom of multiple sclerosis.

Based on the indication, the market has been categorized into multiple sclerosis, polycythemia vera, hepatitis c, melanoma, chronic granulomatous disease (CGD), and others. Among these, multiple sclerosis to hold a significant share of the market in 2020. Interferon treatment showed an impressive result in the treatment of multiple sclerosis is the one of main reasons for the rising demand for interferon in multiple sclerosis treatment. The higher number of multiple sclerosis incidences is an important factor for the growth of the interferon market. For instance, as per the National MS Society, in 2019, nearly one million people are living with multiple sclerosis in the United States.

Based on the distribution channel, the market has been categorized into hospital pharmacies, retail pharmacies, online pharmacies, and others. Among these, hospital pharmacies to hold a significant share of the market in 2020. Hospital pharmacies represent one of the most lucrative options for patients for the consumables of drugs. Apart from this, several physicians require the presence of a trained physician and are therefore expected to drive segmental growth.

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For a better understanding of the market adoption of the interferons industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America constitutes a significant Interferons market due to the increasing R&D activities and frequent product launches. For instance, in August 2021, AstraZeneca’s Saphnelo (anifrolumab-fnia) has been approved in the US for the treatment of adult patients with moderate to severe systemic lupus erythematosus (SLE) who are receiving standard therapy.

Some of the major players operating in the market include Roche, Merck & Co., Bristol-Myers Squibb, Biogen Inc., Bayer AG, Zydus Cadila, Novartis AG, Pfizer Inc., Biosidus, and Synairgen.

Global Interferons Market Segmentation

Market Insight, by Product

• Interferon Gamma
• Interferon Beta• Interferon Alpha

Market Insight, by Indication

• Multiple Sclerosis
• Polycythemia Vera• Hepatitis C• Melanoma• Chronic Granulomatous Disease (CGD)• Others

Market Insight, by Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies• Online Pharmacies• Others

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Roche
• Merck & Co.
• Bristol-Myers Squibb
• Biogen Inc.
• Bayer AG
• Zydus Cadila
• Novartis AG
• Pfizer Inc.
• Biosidus
• Synairgen