Global Arthritis Therapeutics Market to Grow at Over 6% Annually to Reach USD 72 Billion Valuation by 2027: Transparency Market Research

Sales of arthritis therapeutics continue to be sustained by their efficacy, but pharmaceutical companies are aware that steep costs have kept many drugs out of bounds for a significant demographic

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Transparency Market Research

Feb 03, 2020, 06:00 ET

ALBANY, New York, Feb. 3, 2020 /PRNewswire/ -- A bevy of myriad, yet interconnected factors – ranging from growing prevalence to renewed focus on early detection and management – will sustain bullishness in global arthritis therapeutics market, finds a new study by Transparency Market Research (TMR). Maintaining annual growth rates of over 6% through 2027, global revenues are set to surpass USD 72 billion.

"A robust drug pipeline, head-to-head trails in terms of affordable novel product launches, and ability to investment in distribution channels will hold key for manufacturers to succeed in this ever-evolving competition; retail pharmacies wallet share for manufacturers will be decisive in determine who wins the race", opines TMR.

Key Findings of the Arthritis Therapeutics Market Study

Rheumatoid arthritis management remains the most lucrative category for drug manufacturers
Psoriatic drug sales are likely to grow at the highest CAGR, albeit from a low base
TNF inhibitors remains the highest selling drugs, owing to their efficacy with respect to small molecules
Parenteral remains the preferred route of administration, as large volume prescriptions of biologic drugs continue to hold sway
Sales of arthritis therapeutics through retail channels account for the highest revenue share; sales through online channels offer a unique opportunity

Explore 224 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on arthritis therapeutics market by Type: Rheumatoid Arthritis, Osteoarthritis, Psoriatic Arthritis, Gout, and Others; Drug Class: TNF Inhibitors, Interleukin Inhibitors, NSAIDs, Corticosteroids, Xanthine Oxidase Inhibitors, and Others; Route of Administration: Oral, Parenteral, and Topical; Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies, 2019 to 2027 at https://www.transparencymarketresearch.com/arthritis-therapeutics-market.html

Arthritis Therapeutics Market: Key Driving Factors

According to the study, the global arthritis therapeutics market is being driven by increasing incidence and prevalence levels around the globe. Osteoarthritis is among the world's top ten disabling diseases, whereas prevalence of rheumatoid arthritis is in the range of 0.3% to 1% in developed world. The study finds global arthritis therapeutics market growth to be sustained by,

Increasing prevalence in geriatric population – globally, 9.6% of men and 18% women aged 60+ have symptomatic osteoarthritis
Use of non-steroidal anti-inflammatory drugs (NSAIDs) as a first line approach – 61% according to Elderly Health Journal 2019
Increasing obesity levels around the globe – globally, 39% of adults can be categorized as obese. Obesity increases the risk of developing arthritis
Availability of new research that opens the door to better understanding of how drug interventions can help – notably, Oregon State University's cellular-level research on osteoarthritis

Key Impediments for Arthritis Therapeutics Market Players

Although the Transparency Market Research study maintains a positive outlook on the future of arthritis therapeutics market, it lucidly analyzes the key challenges impacting the landscape. According to the study, the key restraints impeding market growth include,

High cost of medication – rheumatoid arthritis drug costs have doubled in the last five years
Difficult implementation of early treatment – the long lag time between symptoms and management through DMARD exceed one year on average
Self-awareness and proactiveness to seek treatment – key to successful management – remain low in certain demographics, especially in developing countries

Arthritis Therapeutics Market: Region-wise Analysis

The US has traditionally remained the largest market for arthritis therapeutics, and the status quo is unlikely to change despite the lucrativeness of some markets in Asia Pacific
Maintaining a stronghold over the US market, while foraying into emerging markets through collaborations and acquisitions will remain a key strategy for market players
Asia Pacific, home to 60% of world's population, is posing unique challenges to arthritis drug manufacturers. While high prevalence rates in China and India represent significant opportunities, competition from low-priced generics remains rampant

Analyze arthritis therapeutics market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,

Competition Landscape

According to Transparency Market Research, arthritis therapeutics companies across the globe are focusing on improving research and development (R&D). Other strategies that they are exploring in order to stay at the vanguard of their game are synergistic partnerships and collaborations, and product development via innovation. Thus, it surprises no one that a number of launches are lined up during the forecast period.

Furthermore, players operating in the arthritis therapeutic market are working on the high costs to widen the demand base. The key companies analyzed by Transparency Market Research include, but are not limited to, Novartis AG, Eli Lilly and Company, Amgen Inc., Merck & Co., Inc., Bristol-Myers Squibb Company, Pfizer Inc, Janssen Global Services, LLC (Johnson & Johnson), F. Hoffmann-La Roche Ltd, and Sanofi.

Transparency Market Research has segmented the arthritis therapeutics market based on type, drug class, and route of administration, distribution channel, and region.

Arthritis Therapeutics Market Type Outlook (Revenue, USD Million 2017-2027)

Osteoarthritis
Psoriatic Arthritis
Gout
Others

Arthritis Therapeutics Market Drug Class Outlook (Revenue, USD Million 2017-2027)

TNF Inhibitors
Interleukin Inhibitors
NSAIDs
Corticosteroids
Xanthine Oxidase Inhibitors
Others

Arthritis Therapeutics Market Route of Administration Outlook (Revenue, USD Million 2017-2027)

Parenteral
Topical

Arthritis Therapeutics Market Distribution Channel Outlook (Revenue, USD Million 2017-2027)

Retail Pharmacies
Online Pharmacies

Arthritis Therapeutics Market Region-wise Outlook (Revenue, USD Million 2017-2027)

North America

US
Canada

Europe

Germany
United Kingdom
France
Italy
Russia
Poland
Benelux
Nordic
Rest of Europe

Asia Pacific

India
China
Japan
South Korea
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global pharmaceutical industry:

Acute Kidney Injury Therapeutics Market – Kidney injury therapeutics market study analyses the key trends, innovations, regulatory policies, and key strategies adopted by leading players in this evolving landscape

Targeted Therapeutics Market – The study analyses the targeted therapeutics market by drug type, application, and distribution channel, and offers growth opportunities in USD million across 30+ countries in four regions

Psoriatic Arthritis Therapeutics Market – With global revenues set to exceed USD 17 billion by 2026, drug manufacturers are eying substantial growth in a market growing at over 11% annually. This study details the key influencing factors that will shape market growth in the future

Osteoarthritis Drugs Market – Osteoarthritis, categorized by WHO among the world's top ten 10 disabling diseases, demands holistic therapeutic intervention. TMR's analysis offers key insights on the chief factors at play in this market touted to surpass USD 11 billion by 2026

TNF Inhibitors Market – TNF inhibitors have become the frontline therapeutic intervention in arthritis management. The global TNF inhibitors market is set to grow at 2.54% CAGR through 2026.

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

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SOURCE Transparency Market Research