Global Ustekinumab Market, By Drug Class (Interleukin inhibitors, Others), Demographic (Adult, Pediatric), Application (Arthritis, Colitis, Lupus Erythematosus, Myositis Multiplex with Palmoplantar Pustulosis, Cirrhosis of the Liver, Sarcoidosis, Diabetes, Others), Dosage Form (Intravenous Solution, Subcutaneous Solution), End-Users (Clinic, Hospital, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Ustekinumab Market
Ustekinumab market is expected to gain market growth in the forecast period of 2022-2029. Data Bridge Market Research analyses the market to account to grow at a CAGR of 5.90% in the above mentioned forecast period.
Ustekinumab is a human immunoglobulin (Ig) G1 kappa monoclonal antibody that targets the cytokines interleukin (IL)-12 and IL-23, which are implicated in immunological and inflammatory responses, respectively. 2 It was created by immunizing human Ig (hu-Ig) transgenic mice with recombinant human IL-12. It's a type of biologic disease-modifying anti-rheumatic medication (bDMARD) that’s employed to treat inflammatory diseases caused by the activation of the IL-12 and IL-23 signalling pathways. It works by preventing particular cells in the body from causing plaque psoriasis, Crohn's disease, psoriatic arthritis, and ulcerative colitis symptoms. Stelara is the brand name for the antibody Ustekinumab.
The rise in the prevalence of psoriasis patients globally is the major factor driving the market’s growth rate. Additionally, rising healthcare expenditure is the market driver influencing the growth rate of ustekinumab market. Furthermore, increasing geriatric population and upsurge in the number of clinical trial studies are the factors that will expand the ustekinumab market. Other factors including rise in the growing government initiatives and rising awareness will positively impact the market growth rate. Another significant factor that will cushion the growth of ustekinumab market is the increase in demand from various end-use industries. Also, rise in the level of disposable income and rapid urbanization will escalate the market growth rate for the mention forecast period mentioned above. Changing lifestyle and rising inclination towards smoking and alcohol consumption will drive the growth of ustekinumab market for the above mentioned forecast period.
Moreover, the rise in the research and development activities and emerging new markets will provide beneficial opportunities for the ustekinumab market in the forecast period of 2022-2029. Additionally, continuous economic development along with the improving healthcare infrastructure will act as major markets drivers that will create new opportunities for the markets growth rate.
However, high cost associated with product will impede the market’s growth rate. Also, side effects such as nausea, vomiting, dizziness, seizures, vision changes, confusion, itching, hives and difficulty in breathing, among others will hamper the ustekinumab market’s growth. Lack of awareness will further challenge the ustekinumab market in the forecast period mentioned above.
This ustekinumab market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ustekinumab market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ustekinumab Market Scope and Market Size
The ustekinumab market is segmented on the basis of drug class, demographic, application, dosage form, end-users and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of drug class, the ustekinumab market is segmented into interleukin inhibitors, and others.
- On the basis of demographic, the ustekinumab market is segmented into adult, and pediatric.
- On the basis of application, the ustekinumab market is segmented into arthritis, colitis, lupus erythematosus, myositis multiplex with palmoplantar pustulosis, cirrhosis of the liver, sarcoidosis, diabetes and others.
- On the basis of dosage form, the ustekinumab market is segmented into intravenous solution, and subcutaneous solution. The segment of intravenous solution is further sub-segmented into 5mg/ml. The segment of subcutaneous solution is further sub-segmented into 45 mg/0.5 mL and 90 mg/mL.
- On the basis of end-users, the ustekinumab market is segmented into clinic, hospital and others.
The ustekinumab market is also segmented on the basis of distribution channel into hospital pharmacy, retail pharmacy and online pharmacy.
Ustekinumab Market Country Level Analysis
Ustekinumab market is analyzed and market size information is provided by the country, drug class, demographic, application, dosage form, end-users and distribution channel as referenced above.
The countries covered in the ustekinumab market report are the U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.
North America dominates the ustekinumab market due to the presence of major key players, high disposable income and well-developed healthcare infrastructure in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing research and development activities and rising government support in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Ustekinumab market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Global Ustekinumab Market Share Analysis
Ustekinumab market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to ustekinumab market research.
Some of the major players operating in the ustekinumab market are Fuji Pharma Co., Ltd., Meiji Holdings Co., Ltd., Mitsubishi Tanabe Pharma Corporation, Stada Arzneimittel AG, Formycon AG, NeuClone, Outlook Therapeutics, Inc., BioXpress Therapeutics SA, Johnson & Johnson Private Limited, Janssen Biotech, Inc., APINO PHARMA CO., LTD., and Synergia Life Sciences Pvt. Ltd., among others.
SKU-