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I AgreeAnalysis of Beta Interferon Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global beta interferon market stands at US$ 3.6 billion in 2023 and is expected to reach a valuation of US$ 4.8 billion by 2033, expanding at a CAGR of 3% over the next ten years. Rising prevalence of chronic disorders across the world is primarily driving global demand for beta interferon drugs.
Interferons are a series of naturally produced proteins that are formed by eukaryotic cells and primarily function against infectious diseases and other biological inducers. Alpha, beta, and gamma are the three main subtypes of interferon drugs.
Beta interferon drugs constitute the first class of disease-modifying therapies (DMTs) for multiple sclerosis and also help researchers to comprehend the immunomodulatory pathways in multiple sclerosis (MS).
For the past 15 years, beta interferon drugs have been utilized to cure relapsing-remitting multiple sclerosis (RRMS). The efficacy of interferon beta medications in reducing disease and even slowing disease progression has been the subject of numerous clinical trials and post-marketing investigations.
Three types of beta interferon drugs are interferon beta-1A, interferon beta-1B, and peginterferon beta-1A. Immunomodulators are a family of drugs that includes interferon beta-1A, which operates by reducing inflammation and minimizing nerve damage that can result in multiple sclerosis symptoms.
Interferon beta-1A intramuscular injection is available in vials of powder that must be combined with a solution before injecting a patient. Interferon beta-1A is also accessible in a liquid form in prefilled injectable syringes and automatic injection pens.
Injections of peginterferon beta-1A and interferon beta-1B are used in patients to reduce symptomatic episodes of relapsing-remitting multiple sclerosis. The growing cases of multiple sclerosis are driving sales of beta interferon drugs, globally.
Report Attributes |
Details |
Beta Interferon Market Size in 2023 |
US$ 3.6 Billion |
Forecasted Market Value (2033) |
US$ 4.8 Billion |
Global Market Growth Rate (2023 to 2033) |
3% CAGR |
China Market Growth Rate (2023 to 2033) |
5% CAGR |
Japan Market Growth Rate (2023 to 2033) |
2% CAGR |
Germany Market Growth Rate (2023 to 2033) |
2.5% CAGR |
Canada Market Growth Rate (2023 to 2033) |
2.5% CAGR |
Key Companies Profiled |
|
“Rising Cases of Multiple Sclerosis Fueling Product Demand”
Rising prevalence of multiple sclerosis is emphasizing key players in the beta interferon market to produce advanced interferon drugs. The chronic inflammatory demyelinating disease known as multiple sclerosis (MS) severely impairs the nervous system.
“Significant Investments by Market Players on R&D to Develop Advanced Therapies”
Over the last ten years, there has been constant progress in the research and development of neurological therapies. Multiple sclerosis is being treated using drugs manufactured employing a range of cutting-edge technologies.
Some of the major pharmaceutical companies emphasize the improvement of drugs required for treating multiple sclerosis. Drugs with various modes of action are included in the pipeline portfolios of many firms, which are anticipated to boost sales of beta interferon drugs.
For example,
“Increasing Prevalence of Infectious Diseases Such as Hepatitis”
Rapidly increasing prevalence of infectious diseases is boosting the demand for beta interferon drugs. An infection of the liver is known as hepatitis. Excessive consumption of alcohol and drugs and other health issues that damage the liver can cause hepatitis. Hepatitis A, B, and C are the most prevalent types of hepatitis.
From moderate to severe, hepatitis C can vary in severity. After being exposed to the hepatitis C virus, acute hepatitis C usually develops within six months, and if chronic hepatitis C is not treated, it might become lifelong hepatitis C. Acute hepatitis C patients as well as those with HCV genotype 2 and undetectable infectious levels respond well to short-term natural interferon-beta monotherapy.
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“Easy Availability of Alternative Drugs”
Interferon beta therapy is used to treat multiple sclerosis. Other therapies for MS treatment include corticosteroids, monoclonal antibodies, and antineoplastic compounds. Also, the approval and introduction of alternative therapies are anticipated to restrain the growth of the beta interferon drugs market.
“High Production Costs of Beta Interferons”
Compared to chemically produced tiny molecules, interferons require more capital for production. Interferons have high operating costs in the market owing to the fact that biological drugs are more complex than small molecules, necessitating the use of high-quality production methods.
Additionally, to obtain licenses, businesses must provide comprehensive evidence demonstrating the security and efficacy of biologics in pre-clinical and clinical research. As a result, the licensing process is expensive and time-consuming, which is expected to negatively affect the sales growth of interferons.
“Rising Cases of Cancer in the Country”
The availability of advanced treatment procedures and the presence of key market players are boosting sales of beta interferon drugs in the United States. Additionally, the rising number of cancer cases in the country results in an increasing need for potent cancer vaccinations, which is further expected to increase the demand for interferon drugs.
Triple-negative breast cancer (TNBC), the most lethal subtype of cancer, lacks a focused treatment procedure. TNBC tumors do not respond to treatment because of their features such as a suppressed interferon (IFN)/signal transducer, activator of transcription (STAT) gene signature, and enrichment for cancer stem cells (CSCs).
Interferon-beta (IFN) therapy involves a less aggressive epithelial/non-CSC-like state, with the inhibited expression of mesenchymal proteins (VIMENTIN, SLUG), decreased migration and tumor sphere development, and re-expression of CD24 (a surface marker for non-CSCs) concurrent with an epithelium-like morphology.
As such, sales of interferon drugs are anticipated to increase as a result of the high prevalence of cancer in the United States.
“Rapidly Increasing Prevalence of Hepatitis C Virus”
In Japan, hepatocellular carcinoma (HCC) is primarily caused due to chronic hepatitis C virus (HCV). The rapidly increasing rate of the population getting affected by HCV is boosting the demand for interferon drugs.
Despite recent advancements in HCC therapy, individuals with HCC who do not receive liver transplantation have a poor prognosis. It is well established that in patients with HCV infection, the incubation period before HCC identification is typically shorter when liver fibrosis is more severe.
If individuals with chronic hepatitis C experience a sustained virological response (SVR) to interferon therapy, this treatment can lower the risk for HCC and lessen liver fibrosis. Thus, the demand for beta interferon drugs is increasing due to the growing incidences of HCV.
“Advanced Healthcare System and Presence of Several Biopharma Companies”
Germany is a hub of pharma and biotech companies in the European region. Favorable reimbursement policies, the presence of well-established healthcare infrastructure, and the rapid adoption of interferon therapies are boosting sales of beta interferon drugs in Germany.
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“Hospital Pharmacies Prime Choice for Buying Medications & Drugs”
Hospitals are primarily preferred by patients for treatment procedures. This can be attributed to the presence of advanced healthcare technologies and skilled medical professionals in hospitals.
Medications required during treatment procedures are supplied by hospital pharmacies. Patients prefer buying medications and drugs from hospital pharmacies due to their easy and adequate availability. Thus, the demand for interferon drugs is expected to grow remarkably during the forecast period.
Key players in the beta interferon market are focusing on producing advanced drugs to meet end users' needs and earn more profits. Also, they are adopting organic and inorganic marketing tactics such as partnerships, mergers, and regional expansion by enhancing local supply, changing pricing trends, etc.
Fact.MR, a market research and competitive intelligence provider, reveals key marketing strategies of leading companies in the beta interferon market in its latest report.
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The global beta interferon market stands at US$ 3.6 billion in 2023.
Sales of beta interferon drugs are expected to reach US$ 4.8 billion by 2033.
Global demand for beta interferon drugs is expected to progress at a CAGR of 3% over the next 10 years.
North America is currently dominating the global market for beta interferon.
Some of the leading producers of beta interferon medications are Xiamen Amoytop Biotech Co, Merck, and Roche.