Rheumatology Therapeutics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Rheumatology Therapeutics Market: By Drug Class (Disease Modifying Anti Rheumatic Drugs (Synthetic, Biologic), Non Steroidal Anti Inflammatory Drugs (NSAID’s), (Corticosteroids, Others), By Disorder (Rheumatoid Arthritis, Gout, Ankylosing Spondylitis, Osteo Arthritis, Others), By Route of Administration (Oral, Parenteral, Topical), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region (North America,Latin America,Asia Pacific,The Middle East and Africa, Europe)

 

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Report

Description

The Global Rheumatology Therapeutics Market size was estimated at USD 24568.4 Mn in 2021, growing at a CAGR of 4.2% during the forecast period 2021-2027. Rheumatology is the branch of medicine devoted to diagnosis and treatment of rheumatic diseases. Rheumatology diseases mainly affect the connecting and supporting parts of the body such as ligaments, joints, muscles, tendons and rarely some organs of the body.There are more than 100 types of rheumatic diseases are present but more common are psoriatic arthritis, ankylosing spondylitis, systemic lupus erythematosus, rheumatoid arthritis and others. Rheumatology diseases can be caused by various factors such as change in lifestyle, aging, unhealthy food and even genetic factors. The treatment is generally given with disease modifying anti rheumatic drugs and other drugs may be used to decrease the symptoms. The market is highly competitive due to the presence of the strong market players involving in development of new rheumatology therapeutics. Companies are developing the novel drugs and expanding the therapeutic applications of existing drugs. For instance, in January 2016, Novartis AG has got two U.S. Food and Drug Administration approvals for its County to treat ankylosing spondylitis and psoriatic arthritis in U.S. in May 2017, Sanofi S.A. has got U.S. Food and Drug Administration approval for its kevazara (sarilumab) to treat active rheumatoid arthritis. Furthermore, companies also focusing on inorganic growth through acquisitions and mergers. For instance, in April 2016, Bristol Myers Squib acquired the Padlock Therapeutics Inc. along with the pipeline of rheumatoid arthritis and autoimmune drug pipeline to strengthen their market position.

Rheumatology Therapeutics Market

MARKET SUMMARY
-
4.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Rheumatology Therapeutics Market

  • In October 2017, Flexion Therapeutics, Inc. got U.S. Food and Drug Administration for its Zilretta, sustained release intraarticular injection to treat osteoarthritis
  • In September 2014, U.S. Food and Drug Administration approved OTEZLA (apermilast), oral selective PDE4 inhibitor to treat moderate to severe plaque psoriasis and symptoms of psoriatic arthritis.
Market Key Players
  • AbbVie, Inc. (U.S.)
  • Pfizer Inc. (U.S.)
  • Bristol-Myers Squibb (U.S.)
  • Merck & Co. (U.S.)
  • Amgen, Inc. (U.S.)
  • Janssen Biotech, Inc. (Johnson & Johnson)
Drivers And Restraints

Rheumatology Therapeutics Market

Continuous growth in aging population, rise in prevalence of the diseases such as rheumatoid arthritis, ankylosing spondylitis and increase in R&D activities by the companies to develop new rheumatology therapeutics projected as primary drivers for the global rheumatology therapeutics market. In addition, rise in awareness related to symptoms and treatment of rheumatological disorders coupled with the recent product launches are expected to bolster the market growth over the forecast period. However, availability of the biosimilars, and patent expiry of some drugs is expected to hamper the global rheumatology therapeutics market during the coming years.


North-America got significant share

Rheumatology Therapeutics Market

Geographically rheumatology therapeutics market is divided into five key regions, i.e. Europe, North America, Latin America, Asia- Pacific, and The Middle East & Africa. North America rheumatoid arthritis market is expected to grow at significant rates owing to rise in prevalence of the rheumatoid disorders coupled with the recent product launches and established healthcare infrastructure. According to Centre for Disease Control and Prevention, in U.S. adult population by the year of 2040, the prevalence of doctor-diagnosed arthritis will reach to 78.4 million compared with 54.4 million in 2013 to 2015. Asia Pacific rheumatology therapeutics market is expected to have lucrative growth opportunity owing to the prevalence of disease, developed healthcare infrastructure and expansion of global players into emerging Asian countries such as India and China. Europe rheumatology therapeutics market projected to have significant growth rate owing to the rise in aging population, well established healthcare infrastructure and increase in disposable income.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast.
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Rheumatology Therapeutics Market


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • AbbVie, Inc. (U.S.)
  • Pfizer Inc. (U.S.)
  • Bristol-Myers Squibb (U.S.)
  • Merck & Co. (U.S.)
  • Amgen, Inc. (U.S.)
  • Janssen Biotech, Inc. (Johnson & Johnson)
  • Novartis AG (Switzerland)
  • Genentech, Inc. (U.S.)
  • Sanofi S.A. (France)
  • Takeda Pharmaceutical (Japan)
  • Celgene Corporation (U.S.)
  • Flexion Therapeutics, Inc. (U.S.)

Description

The Global Rheumatology Therapeutics Market size was estimated at USD 24568.4 Mn in 2021, growing at a CAGR of 4.2% during the forecast period 2021-2027. Rheumatology is the branch of medicine devoted to diagnosis and treatment of rheumatic diseases. Rheumatology diseases mainly affect the connecting and supporting parts of the body such as ligaments, joints, muscles, tendons and rarely some organs of the body.There are more than 100 types of rheumatic diseases are present but more common are psoriatic arthritis, ankylosing spondylitis, systemic lupus erythematosus, rheumatoid arthritis and others. Rheumatology diseases can be caused by various factors such as change in lifestyle, aging, unhealthy food and even genetic factors. The treatment is generally given with disease modifying anti rheumatic drugs and other drugs may be used to decrease the symptoms. The market is highly competitive due to the presence of the strong market players involving in development of new rheumatology therapeutics. Companies are developing the novel drugs and expanding the therapeutic applications of existing drugs. For instance, in January 2016, Novartis AG has got two U.S. Food and Drug Administration approvals for its County to treat ankylosing spondylitis and psoriatic arthritis in U.S. in May 2017, Sanofi S.A. has got U.S. Food and Drug Administration approval for its kevazara (sarilumab) to treat active rheumatoid arthritis. Furthermore, companies also focusing on inorganic growth through acquisitions and mergers. For instance, in April 2016, Bristol Myers Squib acquired the Padlock Therapeutics Inc. along with the pipeline of rheumatoid arthritis and autoimmune drug pipeline to strengthen their market position.

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