Immunosuppressants - Portugal | Statista Market Forecast

In Portugal, the Immunosuppressants market is expected to achieve a revenue of US$78.84m in 2024.
It is projected to experience a steady annual growth rate (CAGR 2024-2029) of 15.49%, leading to a market volume of US$162.00m by 2029.
When compared globally, United States is anticipated to generate the highest revenue in this market, amounting to US$35.47bn in 2024.
Portugal is witnessing a growing demand for immunosuppressants due to an aging population and an increasing prevalence of organ transplants.

Definition:
The Immunosuppressants market covers drugs which suppress the immune response. These remedies are used in different therapy areas, mainly to treat auto-immune diseases, such as psoriasis. Anti-rejection drugs administered after organ transplantations are also included in this market. Monoclonal antibodies are an important type of immunosuppressant.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Johnson & Johnson, Sanofi, Novartis

Drugs to suppress the immune response
Immunosuppressants to treat auto-immune diseases, such as psoriasis
Anti-rejection drugs

Multiple sclerosis drugs
Anti-rheumatic drugs
Immuno-oncology drugs
Antivirals
Antibiotics
Corticosteroids
HIV drugs

The demand for immunosuppressants in Portugal has been on the rise in recent years.

Customer preferences: Patients suffering from autoimmune diseases, organ transplants, and other chronic diseases rely heavily on immunosuppressants to manage their conditions. In Portugal, these patients prefer to purchase branded drugs over generic ones due to the perception that they are more effective and of higher quality. However, the high cost of branded drugs is a significant factor that limits access to these medications.

Trends in the market: The Portuguese government has been implementing various measures to control healthcare costs, including promoting the use of generic drugs. This has led to an increase in the use of generic immunosuppressants in recent years. Additionally, the market has seen the introduction of biosimilars, which are expected to gain more market share in the coming years due to their lower cost compared to branded drugs.

Local special circumstances: The Portuguese healthcare system is primarily funded by the government, and patients are required to pay a co-payment when purchasing drugs. The co-payment amount is determined by the government and varies depending on the drug's price. This has led to a situation where patients with chronic conditions that require expensive medications may face significant financial burden.

Underlying macroeconomic factors: Portugal has been facing economic challenges in recent years, with high levels of unemployment and low GDP growth. The government has been implementing austerity measures to control spending, including healthcare spending. This has led to a situation where patients may face difficulties accessing expensive medications, including immunosuppressants. Additionally, the aging population in Portugal has led to an increase in the number of patients suffering from chronic diseases, which has contributed to the rising demand for immunosuppressants.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.