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Global Immunomodulator Market Projected to Nearly Double, Reaching $477.55 Billion by 2034 - Evolution of Immunomodulatory Treatments for Cancer Creating Lucrative Opportunities for Oncolo...
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In a significant development for the healthcare industry, the global immunomodulator market is poised for substantial growth, anticipated to soar from USD 233.03 billion in 2023 to USD 477.55 billion by 2034. This remarkable expansion is forecasted at a robust Compound Annual Growth Rate (CAGR) of 6.74% during the period from 2024 to 2034. This upsurge is attributed to the escalating prevalence of immunological disorders, increased research and development activities, enhanced patient preference for biologic therapies, and continuous advancements in drug development technologies. Product Innovation and Mergers The notable upswing in the market is largely driven by the immunosuppressants segment, which commanded the highest revenue in 2023. Their established efficacy in preventing organ transplant rejection and managing autoimmune diseases has reinforced demand. Furthermore, a series of strategic acquisitions by major pharmaceutical players has underpinned this sector, exemplified
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