DUBLIN–(BUSINESS WIRE)–The “Rheumatoid
Arthritis Drugs Market- Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.
The global rheumatoid arthritis drugs market is expected to register a
CAGR of nearly 10.5% during the forecast period, 2019-2024
The key factors propelling the growth of the rheumatoid arthritis drugs
market are the launch of new biosimilars, rising prevalence of
arthritis, and an increase in the acceptance of biopharmaceuticals.
The major factors that fuel the growth of the market are the rising
incidence of rheumatoid arthritis and the increasing geriatric
population. It usually affects the geriatric population, and the
prevalence is seen higher in females as compared to males. Therefore,
with the increasing geriatric population, the market is expected to
experience growth in the coming years.
There are also several therapeutics and medications that have been
developed in the recent years, to treat the symptoms of rheumatoid
arthritis. Rheumatoid arthritis drugs management is generally associated
with a high cost. Most commonly used drugs are disease-modifying
anti-rheumatic drugs, non-steroidal anti-inflammatory drugs (NSAIDs),
corticosteroids, and biologic drugs. Thus biologics account for a
prominent market share, in terms of revenue, due to the considerably
high cost of these medicines. However the costs of rheumatoid arthritis
drugs and NSAIDs are less than biologics.
Thus, growing availability and awareness of safer drugs are anticipated
to increase the global rheumatoid arthritis drugs market.
Key Market Trends
NSAIDs Segment by Drug Class is Expected to be the Largest Segment
During the Forecast Period
NSAIDs are being widely utilized for the symptomatic treatment of
rheumatic disorders. DMARDs are also considered as the gold standard for
the treatment of moderate to severe rheumatoid arthritis. Unlike
conventional DMARDs, such as NSAIDs, which simply give symptomatic
relief, biologic drugs are more efficient in the management of
rheumatoid arthritis.
Asia-Pacific is Witnessing High Growth and is Expected to Follow the
Same Trend Over the Forecast Period
The Asia-Pacific market is projected to witness high growth during the
forecast period, due to increasing healthcare expenditure. Moreover, the
low cost of manufacturing in China and India has resulted in the rise in
the production facilities, attracting pharmaceutical and
biotechnological giants to the Asia-Pacific region from across the
world. The increase in the incidence of rheumatoid arthritis disease is
also expected to fuel the market in the region during the forecast
period.
Competitive Landscape
A majority of rheumatoid arthritis drug products are being manufactured
by key players. The market leaders in this industry have established
their position in the market, and these manufacturers have a wide
product range to offer and have an extensive distribution system across
the world. Additionally, the emerging markets in the Asia-Pacific region
are witnessing the entry of small players.
Key Topics Covered
1 Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Launch of New Biosimilars
4.2.2 Rising Prevalence of Arthritis
4.2.3 Increase in the Acceptance of Biopharmaceuticals
4.3 Market Restraints
4.3.1 Patent Expiration of Blockbuster Drugs
4.3.2 Alternative Treatment Options
4.4 Porter’s Five Forces Analysis
5 Market Segmentation
5.1 By Type of Molecule
5.1.1 Pharmaceuticals
5.1.2 Biopharmaceuticals
5.2 By Drug Class
5.2.1 Non-steroidal Anti-inflammatory Drugs (NSAIDs)
5.2.2 Corticosteroids
5.2.3 Analgesics
5.2.4 Other Drug Classes
5.3 By Sales Channel
5.3.1 Prescription
5.3.2 Over-the-counter (OTC)
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle East & Africa
5.4.5 South America
6 Competitive Landscape
6.1 Company Profiles
6.1.1 AbbVie Inc.
6.1.2 Amgen Inc.
6.1.3 Bayer AG
6.1.4 Boehringer Ingelheim GmbH
6.1.5 Bristol-Myers Squibb Company
6.1.6 Celgene Corporation
6.1.7 F. Hoffmann-La Roche AG
6.1.8 Johnson & Johnson
6.1.9 Merck & Co. Inc.
6.1.10 Novartis AG
7 Market Opportunities and Future Trends
For more information about this report visit https://www.researchandmarkets.com/r/gd00t4
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