Inosine Pranobex Market Size, Share, Growth, And Industry Analysis By Type (Tablet, Syrup) By Application (Immunomodulation, Antiviral, Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Inosine Pranobex Market Report Overview

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The global inosine pranobex market size was USD 201 million in 2021 and market is projected to touch USD 250.3 million by 2031, exhibiting a CAGR of 2.2% during the forecast period.

An antiviral medication called inosine pranobex, also referred to as inosine acedoben dimepranol (IAD), is a mixture of inosine and dimepranol acedoben (a salt of acetamidobenzoic acid and dimethylaminoisopropanol) in a ratio of 1 to 3. IAD is an immunomodulator that is used to treat cellular immune deficits brought on by different viral infections.

IP has been demonstrated to support the restoration of etiologically varied depressed cell-mediated responses that are associated with a range of clinical disorders. It has been demonstrated that IP causes the Th1 cell response, which is accompanied by increased pro-inflammatory molecules such IL-2 and IFN-. Furthermore, IP was said to have immediate antiviral effects. Varicella, measles, subacute sclerosing panencephalitis (SSPE), herpes simplex virus (HSV), human papillomavirus (HPV), Epstein-Barr virus, cytomegalovirus, and viral influenza-like respiratory infections are among the conditions it is used to treat.

COVID-19 Impact: COVID-19's Outbreak Hampered The Market Growth And Expansion

Due to COVID-19's outbreak, the Inosine Pranobex Market will grow negatively from 2020 to 2028. The three main ways COVID-19 can influence the world economy are as follows. It will result in supply chain and market disruptions, which will directly affect production and demand as well as the economic impact on companies and financial markets. These relatively broad worries turned out to be relevant to the current, unprecedented COVID-19 pandemic brought on by the coronavirus 2 that causes severe acute respiratory syndrome (SARS-CoV-2).

The pandemic has caused a significant amount of illness, mortality, and economic effect since its start in late autumn of 2019 and is still far from being entirely under control. The elderly and those with preexisting risk factors like obesity, diabetes, and chronic lung or heart disorders are particularly at risk from COVID-19. Since December 2020, a number of vaccines have been made available, and their impact on the incidence of symptomatic and asymptomatic cases has been significant.

Latest Trends

"High Demand In The Healthcare Industry Is Fueling Market Expansion"

Numerous nations have set strict regulatory requirements for the production of pharmaceutical components because the pharmaceutical business is expanding daily. These regulations have been imposed on businesses in order to control their production quality, perhaps increasing the final product's therapeutic effectiveness. The rising overhead expenses of producing API in-house, which have caused pharmaceutical corporations to place less emphasis on in-house manufacturing, serve to amplify this. As a result, many businesses outsource the production of their APIs. Because businesses based in western nations have mentioned Asia Pacific as a more affordable choice for outsourcing production, the region has seen a significant increase in manufacturing.

Inosine Pranobex Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Tablet, Syrup. Tablet will be the leading segment during the forecast period.

• By Application Analysis

Based on application, the market can be divided into Immunomodulation, Antiviral, Other. Immunomodulation are anticipated to have the dominant market share.

Driving Factors

"Increasing Demand And Multidisciplinary Approach Will Fuel The Market Growth"

Inosine Pranobex's in vivo antiviral activities are thought to be the result of the drug's stimulation of the host immune system. The medication doesn't stimulate resting lymphocytes by itself; rather, it boosts immune responses by lymphocytes after they have been activated by viral antigens or mitogens. The increasing demand for Inosine Pranobex is a major factor in the market's rise.

"Rising Burden of Chronic Diseases Positively Impacts The Market Dynamics "

Demand for novel pharmaceuticals, including biological drugs, has increased as a result of the complexity of chronic diseases changing and the frequency of new cases of these diseases. During the forecast period, rising demand for biologics and biosimilars is anticipated to fuel market expansion. The import of unprocessed pharmaceutical ingredients from developing nations for the creation of highly developed biopharmaceutical products has seen a noticeable increase. Additionally, a growing focus on R&D activities by many pharmaceutical companies in preparation for the launch of novel drugs on the market is anticipated to fuel the growth of the active pharmaceutical ingredients market over the course of the forecast period.

Restraining Factors

"High-Dose Side Effects Produce Health Problems, Which Limits Market Expansion"

Inosine may be risk-free. Uric acid levels in the blood and urine can increase after taking inosine. Some people may develop kidney or bladder stones as a result of this. High risk associated with the use of inosine pranobex could thus limit its demand and adoption to some extent. These risks may also boost the adoption of suitable, safer, and more effective alternative. The aforementioned factors could thus impact the market trends during the forecast period.

Inosine Pranobex Market Regional Insights

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"Europe Will Dominate The Market During Forecast Period"

In terms of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). With a significant market share, Europe holds the major market share, followed by North America and Japan. The expansion of this market in this area will also be aided by the expansion of R&D activities by numerous pharmaceutical and biopharmaceutical businesses operating in Europe. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that the value of Europe's entire pharmaceutical production in 2019 was estimated at USD 344,837.0 million in one of its publications. These trends are anticipated to fuel market expansion in the area.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Newport Pharmaceuticals (Ireland)
• Gedeon Richter (Hungary)
• Mochida (Japan)
• Sanofi (France)
• Andrómaco (Chile)
• Yung Shin (Taiwan)
• Alfasigma S.p.A. (Italy)
• Polfarmex (Poland)
• Sanfer (Mexico)
• Meprofarm (Indonesia)
• Novell Pharmaceutical (Indonesia)
• Aflofarm (Poland)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.