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Anti-Inflammatory Therapeutics Market 2018 | worth USD 118.81 billion by 2023| Top Most Players | AstraZeneca, Merck & Co, Roche Holding AG, AbbVie Inc, Novartis, Pfizer, Amgen, Johnson & Johnson, Eli Lilly and Company and GlaxoSmithKline
A research study titled, “Anti-Inflammatory Therapeutics Market by indication (arthritis, respiratory diseases, multiple sclerosis, psoriasis, inflammatory/bowel disease & other inflammatory diseases) and drug class (anti-inflammatory biologics, non-steroidal anti-inflammatory drugs (nsaids) & corticosteroids)- global industry analysis and forecast to 2023” published by crystal market research.Competitive Outlook- Anti-Inflammatory Therapeutics Market
The major players in the market are AstraZeneca, Merck & Co, Roche Holding AG, AbbVie Inc, Novartis, Pfizer, Amgen, Johnson & Johnson, Eli Lilly and Company and GlaxoSmithKline. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Market Highlights-
Anti-inflammatory Therapeutics Market was worth USD 71.47 billion in 2014 and is expected to reach approximately USD 118.81 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.81% during the forecast period.
Inflammation is a complicated reaction of the body towards damaged cells, pathogens or any external foreign material. It is identified by redness, swelling, pain and now and then loss of capacity of the inflamed part. Inflammation is of two kinds: chronic and acute. The chronic ones are inflammations that last over a longer period of time principally observed in immune system ailments including rheumatoid arthritis (RA) and allergies. Whereas acute inflammations emerge from cut or scrap in the skin or diseases, for example, bronchitis which last for a shorter period and its effects lessen following couple of days. Anti-inflammatory medications are also known as non-steroidal anti-inflammatory drugs (NSAIDs) and are therapeutic medications which are utilized to treat pain, lessen swelling and other long term chronic torments related with inflammation.
Market Segmentation- Anti-Inflammatory Therapeutics Market
By Indication
Arthritis,
Respiratory Diseases
Multiple Sclerosis
Psoriasis
Inflammatory/Bowel Disease
Other inflammatory Diseases
By Drug Class
Anti-inflammatory Biologics
Non-Steroidal Anti-inflammatory drugs (NSAIDs)
Corticosteroids
Indication Outlook - Anti-Inflammatory Therapeutics Market
Based on indication the IBD (Inflammatory bowel disease) is the leading segment in the market. As indicated by CDC (Centers for Disease Control and Prevention), in the US, it is anticipated that around 1 Mn to1.3 Mn individuals are struck by IBD. In addition, reports from different countries show that the rate of IBD is developing, especially in youth. Presently, the highest yearly frequency of IBD in Europe was 12.7 for each 100,000 person-years for CD (Crohn's Disease) and 24.3 for each 100,000 person-years for UC (Ulcerative Colitis).
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Drug Class Outlook - Anti-Inflammatory Therapeutics Market
Currently, corticosteroids are the biggest drug type on the basis of value and assessed to hold its conspicuousness and biologics to record most elevated twofold digit CAGR all through the estimate time frame. As per WHO the pervasiveness of rheumatoid arthritis varies between 0.3% and 1% which is more common in women.
Regional Outlook - Anti-Inflammatory Therapeutics Market
North America has developed as the main portion of the anti-inflammatory therapeutics market. The advent of cutting edge anti-inflammatory therapeutics has energized more prominent acknowledgment of these medications by buyers in North America. With Germany, France, Spain, Spain, UK and Italy being the key contributors, the anti-inflammatory therapeutics market in Europe is likewise anticipated that would prosper. Nonetheless, Asia Pacific is anticipated to rise as the quickest developing regional market, driven by a huge patient pool, expanding disposable earnings, increasing health awareness, and development in the healthcare infrastructure.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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Crystal Offers One Stop Solution For Market Research, Business Intelligence, And Consulting Services To Help Clients Make More Informed Decisions. It Provides Both Syndicated As Well As Customized Research Studies For Its Customers Spread Across The Globe. The Company Offers Market Intelligence Reports Across A Broad Range Of Industries Including Healthcare, Chemicals & Materials, Technology, Automotive, And Energy.
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