What is Arthritis Therapeutics?
Arthritis Therapeutics is used to treat the inflammation of the joints. Arthritis can affect t can affect one joint or multiple joints. People of all ages, sex, and races can and do have arthritis, and it is the leading cause of disability in America. Joint pain, stiffness, and swelling are the most common symptoms of arthritis. As per sources, over 50 million adults and 300,000 children have some type of arthritis. It is most common among women and occurs more frequently in persons aging above 65 years. Globally, the annual incidence of rheumatoid arthritis is ~3 cases per 10,000 population and the prevalence rate is ~1%, increasing with age and peaking between the ages of 35 and 50 years. The rising cases of rheumatoid arthritis and osteoarthritis will drive the market growth throughout the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Novartis AG (Switzerland), Eli Lilly and Company (United States), Amgen Inc. (United States), Merck & Co., Inc. (United States), Bristol-Myers Squibb Company (United States), Pfizer Inc. (United States), Johnson & Johnson (United States), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany) and Sanofi S.A. (France) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Hospital and Healthcare and Pharmaceutical Industry) and major geographies. Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Arthritis Therapeutics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Arthritis Therapeutics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Novartis AG (Switzerland), Eli Lilly and Company (United States), Amgen Inc. (United States), Merck & Co., Inc. (United States), Bristol-Myers Squibb Company (United States), Pfizer Inc. (United States), Johnson & Johnson (United States), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany) and Sanofi S.A. (France).
Market Overview:
In December 2021, Novartis global pharmaceutical manufacturer received approval from US Food and Drug Administration (FDA) for Cosentyx to treat active enthesitis-related arthritis (ERA) in four years and older, and active juvenile psoriatic arthritis (JPsA) in patients two years and older. This approval helped company to expand its presence in arthritis therapeutics market
The global arthritis therapeutics market is highly competitive and consists of a limited number of vendors who compete with each other. The intense competition, changing consumer spending patterns, and demographic trends pose significant risk factors for manufacturer’s growth.
Influencing Trend:
Self-Awareness And Pro-Activeness To Seek Treatment
Market Growth Drivers:
Increasing prevalence in geriatric population especially women and Growing Use of Use of Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
Challenges:
Growing Demand For Low-Priced Generics
Restraints:
High Cost Of Arthritis Drugs
Opportunities:
Increasing Obese Population Around The Globe and Rising Awareness About The Therapeutics In Emerging Economies
Key highlights of the Global Arthritis Therapeutics market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Arthritis Therapeutics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Arthritis Therapeutics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Arthritis Therapeutics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Arthritis Therapeutics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Arthritis Therapeutics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Arthritis Therapeutics Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists, Private Equity Firms, Government Regulatory and Research Organizations and End-User Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.