Immunology Market To Hit US$ 342.8 Billion By 2034 At 12.1% CAGR

Trishita Deb
Trishita Deb

Updated · Jun 13, 2025

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Overview

New York, NY – June 13, 2025 – Global Immunology Market size is expected to be worth around US$ 342.8 billion by 2034 from US$ 109.4 billion in 2024, growing at a CAGR of 12.1% during the forecast period 2025 to 2034. In 2023, North America led the market, achieving over 42.3% share with a revenue of US$ 46.3 Billion.

The global immunology sector is undergoing significant transformation, driven by increasing incidences of autoimmune disorders, infectious diseases, and cancer. The rising demand for targeted immunotherapies and monoclonal antibodies is reshaping treatment protocols and boosting research investments across pharmaceutical and biotechnology industries.

According to data from the World Health Organization (WHO), autoimmune diseases now affect more than 300 million individuals worldwide, with conditions such as rheumatoid arthritis, lupus, and multiple sclerosis witnessing rising prevalence. In parallel, innovations in immuno-oncology and vaccine development are contributing to market expansion, especially in regions with high unmet medical needs.

Advancements in biologics, checkpoint inhibitors, and mRNA vaccine platforms have enhanced treatment outcomes and improved patient survival rates. Regulatory agencies such as the U.S. FDA and EMA are supporting faster approval pathways and funding collaborative research for immunological breakthroughs.

North America continues to lead the market, supported by a strong healthcare infrastructure, significant R&D activity, and favorable reimbursement frameworks. However, the Asia-Pacific region is emerging as a high-growth area due to increasing healthcare access and government-led immunization programs. With rising global healthcare expenditure and scientific innovation, the immunology sector is positioned for long-term growth. Industry stakeholders are expected to focus on personalized medicine, biosimilars, and immune-modulating therapies to meet the evolving clinical landscape.

Immunology Market Size

Key Takeaways

  • In 2023, the global immunology market recorded revenue of approximately US$ 109.4 billion and is projected to grow at a CAGR of 12.1%, reaching around US$ 342.8 billion by 2033.
  • Based on drug class, monoclonal antibodies (mAbs) emerged as the leading segment, capturing 64.3% of the market share in 2023 due to their high efficacy in targeted therapy.
  • By application, rheumatoid arthritis dominated the segment, accounting for 44.7% of the overall market share, reflecting the rising burden of chronic inflammatory disorders.
  • Regarding distribution channels, hospital pharmacies held the largest share, contributing to 57.4% of total revenue, owing to their central role in administering biologics and specialty drugs.
  • Regionally, North America led the global market in 2023, securing a 42.3% share, supported by strong healthcare infrastructure, ongoing research, and high adoption of immunotherapies.

Segmentation Analysis

  • Drug Class Analysis: In 2023, the monoclonal antibody (mAb) segment led the immunology market with a 64.3% share. This dominance was driven by rising approvals of mAb therapies targeting cancer, autoimmune, and inflammatory conditions. These therapies offer high precision and fewer side effects, increasing their adoption. The expansion of indications for mAbs such as in rheumatoid arthritis and Crohn’s disease combined with the growing availability of biosimilars, is expected to further strengthen growth in this segment over the forecast period.
  • Application Analysis: Rheumatoid arthritis accounted for 44.7% of the application segment in 2023, driven by the rising global incidence of this chronic autoimmune disease. The increasing use of advanced biologic therapies such as TNF inhibitors and interleukin blockers—is improving treatment outcomes. With growing awareness around early diagnosis and a rising aging population, demand for RA-specific immunology treatments is set to grow. Continuous research and new drug development are also expected to contribute to this segment’s sustained expansion.
  • Distribution Channel Analysis: In 2023, hospital pharmacies dominated the distribution segment with a 57.4% revenue share. Their prominence stems from the administration of biologics and immunosuppressants that require professional handling and in-clinic use. These pharmacies are essential in treating complex diseases like lupus, multiple sclerosis, and rheumatoid arthritis. The increasing prevalence of chronic conditions, along with hospitals’ efforts to enhance treatment management, is expected to further strengthen the demand for hospital-based pharmacy services over the coming years.

Market Segments

Drug Class

  • Monoclonal Antibody (mAb)
  • Immunosuppressants
  • Others

Application

  • Psoriatic Arthritis
  • Rheumatoid Arthritis
  • Plaque Psoriasis
  • Inflammatory Bowel Disease
  • Ankylosing Spondylitis
  • Others

Distribution Channel

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies

Regional Analysis

In 2023, North America accounted for the largest share of the global immunology market, capturing 42.3% of total revenue. This dominance is supported by advanced biologic therapies, high prevalence of autoimmune diseases, and strong healthcare infrastructure.

According to the CDC, over 23.5 million Americans live with autoimmune conditions like rheumatoid arthritis and lupus. The U.S. FDA approved 12 immunology-related drugs in 2023, including interleukin and JAK inhibitors. Additionally, NIH increased its immunology research funding by 15% in 2023, and Canada invested US$1.2 billion in life sciences and biotechnology, reinforcing regional innovation and access.

Meanwhile, the Asia Pacific region is projected to register the highest CAGR during the forecast period. This growth is attributed to increasing healthcare expenditure, rising chronic disease prevalence, and broader access to biologics. WHO reported a 20% rise in autoimmune diseases in India and China between 2022 and 2024.

China allocated US$ 125 billion to healthcare and US$10.5 billion to biotech research in 2023. Local pharmaceutical leaders like Takeda reported a 12% rise in immunology revenues, indicating strong regional momentum and future growth potential.

Emerging Trends

  • A steady rise in autoimmune cases is observed. Worldwide incidence grows by about 19.1% and prevalence by 12.5% each year, highlighting a growing public health concern.
  • The FDA has accelerated approvals of immunotherapies. In the first half of 2025 alone, at least six new immunotherapy combinations were approved for cancer treatment.
  • Research funding for immunology remains strong. The NIH allocates nearly US$ 48 billion annually to biomedical research, supporting basic and clinical immunology studies.
  • Data-driven immunology is expanding. The NIAID’s Center for Human Immunology issued its latest call for proposals, underscoring investment in big-data approaches to immune regulation and autoimmunity research.

Use Cases

  • COVID-19 Vaccination: Over 13 billion vaccine doses have been administered worldwide since 2021, demonstrating large-scale immune protection efforts.
  • Seasonal Influenza Prevention: In the 2023–24 season, 44.9% of U.S. adults received a flu shot, which helped avert hundreds of thousands of doctor visits and tens of thousands of hospitalizations.
  • Cancer Immunotherapy: On April 11, 2025, nivolumab with ipilimumab was approved as first-line treatment for unresectable hepatocellular carcinoma, expanding immune-based cancer care options
  • Autoimmune Disease Monitoring: In the U.S., over 200,000 people live with systemic lupus erythematosus. Women represent about 78% of cases, underscoring gender disparities in immune disorders.

Conclusion

The global immunology market is positioned for sustained growth, driven by rising autoimmune disease prevalence, advances in biologic therapies, and expanding access to care. With North America leading in innovation and Asia-Pacific showing strong future potential, the sector is benefiting from increased research funding, accelerated regulatory approvals, and adoption of personalized and data-driven immunotherapies.

Key applications such as rheumatoid arthritis and cancer immunotherapy continue to expand, supported by growing awareness and improved healthcare infrastructure. As immunology evolves, stakeholders are expected to focus on precision medicine, biosimilars, and digital tools to address emerging clinical and public health challenges effectively.

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Trishita Deb

Trishita Deb

Trishita has more than 8+ years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.

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