Learn about the global Interferons market through The Business Research Company, which provides information on interferons market size, interferons market drivers and restraints, interferons market players, the COVID-19 impact on the interferons market, and more.

The global interferons market size is expected to grow from $8.15 billion in 2021 to $8.48 billion in 2022 at a compound annual growth rate (CAGR) of 4%. The change in the interferons market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The interferons market is expected to reach $9.92billion in 2026 at a CAGR of 4%.

The pandemic outbreak of coronavirus is expected to drive the growth of interferons market.

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The interferons market consists of sales of interferons, the biopharmaceuticals that are produced using living organisms, such as microorganisms and animal cells, and have a high-therapeutic value. The market consists of revenues generated by the establishments by the sales of various types of interferons such as alpha interferons, beta interferons and gamma interferons.

Global Interferons Market Segments Include:
By Type: Inteferon Alpha, Inteferon Beta, Inteferon Gamma

By Application: Hepatitis B, Hepatitis C, Melanoma, Leukemia, Multiple Sclerosis, Renal Cell Carcinoma

By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Retail Pharmacies, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the interferons market in 2021.

Biologics therapy is expensive and it places a substantial financial burden on the healthcare system. Increasing prevalence of diseases such as hepatitis, MS, and cancers in the world presented an opportunity to evaluate the clinical applications of biosimilars and have stimulated some of the local pharmaceutical companies to produce interferon biosimilar medications to compete (or replace) the original expensive brands. IFNs were initially investigated for their potential as antivirals, however, they are now commonly used in anti-HBV (hepatitis B virus) and anti-HCV (hepatitis C virus) therapy. The therapeutic potential of interferon biosimilars for hepatitis and cancer, coupled with the ongoing studies on interferon biosimilars to have prophylactic or therapeutic effectiveness in SARS (severe acute respiratory syndrome), influenza or another virus pandemic, is contributing to the increasing adoption of interferon biosimilars over expensive biologics.

TBRC’s interferons market report covers:

Major Market Players: Roche, Merck, Bristol-Myers Squibb, Biogen Inc, Bayer AG, Zydus Cadila, Novartis AG, Pfizer Inc, Biosidus, Nanogen, Amega Biotech, Rhein Minapharm Biogenetics, PROBIOMED, Schering-Plough Corporation., and 3Sbio.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Interferons Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides interferons market overviews, analyses and forecasts market size, share, interferons market players, interferons market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s interferons market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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