The global immunology market size is expected to showcase exponential growth by reaching USD 158.69 billion by 2028 while exhibiting a CAGR of 8.1% between 2021 and 2028. Fortune Business Insights in its report, titled “Immunology Market, 2021-2028.”, mentions that the market stood at USD 85.74 billion in 2020. Factors such as the increasing demand for biosimilars worldwide will boost the demand for the product during the forecast period. The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. Get Sample PDF Brochure:  https://www.fortunebusinessinsights.com/enquiry/sample/immunology-market-100657 DRIVING FACTORS Increasing Adoption of Biosimilars to Aid Growth In February 2021, Sandoz Canada introduced adalimumab (HUMIRA) biosimilar, Hyrimoz, in Canada. The company informs that the drug has received approval and provides high efficacy in treating autoimmune diseases such as rheumatoid arthritis, psoriatic arthritis, adult Crohn’s disease, and adult uveitis, among others. The rising number of successful clinical trials is driving the demand for biological drugs leading several companies to invest in R&D to develop biosimilars, an affordable and effective imitation of the biological drugs. Therefore, the increasing demand for such products is expected to favor the global immunology market growth during the forecast period. Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/immunology-market-100657 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245Email:sales@fortunebusinessinsights.com

Leave a Reply

Your email address will not be published. Required fields are marked *