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Global Interferon Beta Drugs Market Size is valued at USD 3.3 Bn in 2024 and is predicted to reach USD 5.5 Bn by the year 2034 at a 5.2% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Interferon-beta (IFN) therapy has been used as a first-line or disease-modifying treatment for multiple sclerosis (MS). These drugs have been used to treat relapsing-remitting multiple sclerosis for the past 15 years (RRMS). A number of clinical trials and post-marketing studies have focused on the use of interferon beta drugs in slowing disease progression and even decreasing disease activity interferon—1b. Pharma companies have tested a variety of pharmacotherapies in the pursuit of developing the best treatment regimen for MS. This has broadened the clinical scope of new agents in the market for Interferon beta drugs. Several studies on the efficacy and safety of interferon beta (IFN) formulations on primary (or co-primary) endpoints have paved the way for drugs with good tolerability in relapsing-remitting MS. The increasing number of patients with secondary progressive MS has also fueled such research.
Moreover, the market for interferon beta (IFN) drugs has also seen new research directions as the prevalence of MS in women has increased. For instance, according to MST data from 2020, approximately 2,500,000 people worldwide have MS. According to scientists, the percentage of females with Multiple Sclerosis is increasing, and nearly 2 to 3 females have the disease. The prevalence of Multiple Sclerosis varies by region. According to the MTS, Asia, America, and Africa that rely on equatorial have a lower frequency of Multiple Sclerosis, whereas Canada and Scotland have a high frequency.
The global interferon beta drugs market is segmented on the basis of products, route of administration, and distribution channels. By-products, the market is segmented as interferon beta-1A, interferon beta-1B, and peginterferon beta-1A. The other route of administration segment includes intramuscular, subcutaneous, and intravenous. By distribution channels, the market is categorized into hospital pharmacies, retail pharmacies, and online pharmacies.
Interferon-beta-1A drugs are used to treat multiple sclerosis (MS). Multiple sclerosis is a central nervous system disease that affects the brain and spinal cord. Communication issues between the brain and the rest of the body are common in people with multiple sclerosis. One of the factors driving the interferon market is the market's increasing emphasis on the development of novel interferon beta. For instance, Biogen Inc. received FDA approval in February 2021 for a new intramuscular (IM) injection route of administration for interferon (interferon beta-1a) for the treatment of relapsing forms of multiple sclerosis (MS). This novel intramuscular delivery of interferon provides people with relapsing multiple sclerosis with the drug's well-known efficacy and safety, as well as the possibility of significantly reduced injection site reactions.
In 2020, the Hospital Pharmacies had the highest market share by distribution channel segment. The initiatives of market participants in this segment are expected to boost market growth. The ongoing efforts of major players to develop advanced medication for the effective treatment of diseases contribute to the market share.
The presence of major players, interferon beta drug approval, and the increasing prevalence of MS in the region are expected to drive significant growth in the Europe interferon beta drugs market during the forecast period. For instance, in 2019, the Russian Ministry of Health approved BIOCAD, a Russian biotechnology company, for BCD-033, an interferon beta-1a non-originator biological drug. The medication is a biological non-originator of Merck's blockbuster multiple sclerosis drug Rebif (interferon beta-1a). Moreover, the presence of major players in Europe, such as Bayar, Novartis, and Merck KGaA, contributes to the growth of the Europe interferon beta drugs market. On the other hand, North America is also expected to dominate the interferon market due to its citizens' increased awareness of such advanced treatment therapies, as well as the region's developed medical and healthcare establishment and availability of experts. There were approximately 3,200 cases of hepatitis B in the U.S. in 2019, with Florida accounting for 595 patients, making it the state with the most hepatitis B infections in the country. The mortality rate for Hepatitis B is low; however, males die slightly higher than females. As a result, the demand for interferons will be significantly higher in the North American region as the patient population grows faster than in other countries.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 3.3 Billion |
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Revenue forecast in 2034 |
USD 5.5 Billion |
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Growth rate CAGR |
CAGR of 5.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Products, Route of Administration, Distribution Channel |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Biogen, Merck, Novartis, Bayer, Faron Pharmaceuticals, and other prominent players |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Global Interferon Beta Drugs Market By Products -
Global Interferon Beta Drugs Market By Route of Administrations -
Global Interferon Beta Drugs Market By Distribution Channels -
Global Interferon Beta Drugs Market By Region -
North America -
Europe -
Asia-Pacific -
Latin America -
Middle East & Africa -
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
