According to the report by Expert Market Research (EMR), the global chronic inflammatory demyelinating polyneuropathy therapeutics market size is projected to grow at a CAGR of 6.60% between 2023 and 2028. Aided by the rising prevalence of autoimmune disorders and the enhanced focus on novel therapeutic solutions, the market is expected to grow significantly by 2028.
Chronic Inflammatory Demyelinating Polyneuropathy is an autoimmune disorder that affects the peripheral nerves, resulting in weakness and sensory loss. CIDP therapeutics are vital for managing this disorder, which, if left untreated, can lead to severe physical disability. Treatment options primarily consist of corticosteroids, plasma exchange, intravenous immunoglobulins, and immunosuppressant drugs.
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The increasing prevalence of autoimmune disorders globally, including CIDP, is a significant factor propelling the chronic inflammatory demyelinating polyneuropathy therapeutics market growth. An aging population, lifestyle changes, and genetic factors contribute to the increasing incidence of these conditions, thereby elevating the demand for effective CIDP therapeutic solutions.
Furthermore, the advent of novel therapeutic drugs and the increased focus on research and development activities for CIDP treatment play a crucial role in driving the market. With an array of potential therapeutic drugs in the pipeline and the continuous efforts in identifying novel treatment approaches, the CIDP therapeutics market is set for significant expansion.
Additionally, the rising awareness about CIDP and the enhanced focus on early diagnosis and treatment also contribute to the chronic inflammatory demyelinating polyneuropathy therapeutics market development. Governmental and non-governmental organisations are undertaking initiatives to raise awareness about the disorder and its management, thereby boosting the adoption of CIDP therapeutics.
Pharmaceutical and biotechnology companies’ extensive focus on the development of targeted therapies for CIDP also provides a significant impetus to the market. Targeted therapies can offer better patient outcomes with fewer side effects, thereby representing a potential growth area for the CIDP therapeutics market.
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Moreover, the growth in the healthcare sector and the increased healthcare expenditure, especially in developing economies, are expected to bolster the chronic inflammatory demyelinating polyneuropathy therapeutics market expansion. As countries aim to improve their healthcare infrastructure and provide better treatment options, the demand for CIDP therapeutics is likely to increase.
The ongoing advancements in medical technology, such as precision medicine and drug delivery systems, also positively influence the CIDP therapeutics market. These advancements can enable more effective administration of therapeutics, improved patient compliance, and better therapeutic outcomes, thereby fuelling the chronic inflammatory demyelinating polyneuropathy therapeutics market growth.
Chronic Inflammatory Demyelinating Polyneuropathy Therapeutics Market Segmentation
The market can be divided based on drug type, route of administration, distribution channel, and region.
Market Breakup by Drug Type
- Corticosteroids
- Immunoglobulin
- Others
Market Breakup by Route of Administration
- Injectable
- Oral
Market Breakup by Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chronic inflammatory demyelinating polyneuropathy therapeutics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- CSL Behring
- ADMA Biologics, Inc.
- Pfizer Inc.
- GeNeuro SA
- UCB S.A
- Others
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