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Immunomodulators Market Growth Rate, Demand, Share, Industry Analysis by Top Key Players 

According to the latest report by IMARC Group, titled “Immunomodulators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited moderate growth during 2015-2020. Immunomodulators refer to a group of drugs that are commonly prescribed to modify an immune response against immunodeficiency, infectious diseases and alterations in antibody transfer. These medicines are used for the treatment of asthma, cancer, tumors and autoimmune disorders. Some of these drugs include cytokines, levamisole, monoclonal antibodies and Bacillus Calmette-Guerin (BCG).

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The global market is majorly driven by the increasing incidences of numerous chronic diseases among the masses. This can be attributed to the growing geriatric population, sedentary lifestyles led by individuals and their changing dietary preferences. Additionally, there has been a considerable rise in the prevalence of severe road accidents, which has boosted the demand for immunomodulators as a crucial agent in organ transplant procedures. Furthermore, multiple immunomodulators, including Tocilizumab, Fluvoxamine, and Baricitinib with Remdesivir, are widely being prescribed by healthcare professionals for the treatment of patients suffering from the coronavirus disease (COVID-19). The rapid outbreak of COVID-19 across the globe is providing an impetus to the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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