Market Research Report
Global Interferons Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||788615|
|Published||Content info||119 Pages
Delivery time: 1-2 business days
|Global Interferons Market 2019-2023|
|Published: February 8, 2019||Content info: 119 Pages||
Interferons belong to the family of cytokines, a group of small proteins essential in cell signaling. They are synthesized and delivered by host cells in response to a pathogen's harmful activities. They are generally used for treating immune system-related diseases such as cancer, hepatitis, ADS, multiple sclerosis, genital and perianal warts, and granulomatous disease. Since these therapeutics directly work on the target, they demonstrate higher efficacy than conventional treatments. Therefore, the versatility of this therapeutic class makes it one of the preferred treatment choices by medical practitioners, as well as patients, thereby driving market growth. Interferons have high target affinity, which is expected to increase their demand, thereby driving market growth. Technavio's analysts have predicted that the interferons market will register a CAGR of almost 2% by 2023.
Considering their biological nature, interferons are mostly administered through the intravenous RoA due to which they are associated with side effects such as redness, irritation, and swelling at the injection site. Thus, they can significantly improve patient compliance and help in better management of hepatitis B.
Treatment cost is one of the major challenges for patients suffering from diseases such as multiple sclerosis and cancer. High treatment cost restricts the adoption of drugs. which reduces patient adherence and poses a challenge to market growth.
For the detailed list of factors that will drive and challenge the growth of the interferons market during the 2019-2023, view our report.
The market appears to be mildly concentrated and with the presence of few companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.