Arthritic Therapeutic Market Estimated to Experience a Hike in Growth by 2023

Arthritis is the inflammation of one or more joints, frequently accompanied by pain. There are several types of arthritis, which includes those related to wear & tear of cartilage (osteoarthritis) and that caused by an overactive immune system (rheumatoid arthritis).

The global arthritic therapeutic market growth is driven by an increase in the incidence of autoimmune disorders, rise in geriatric population, newer drugs in the pipeline, surge in adoption rates of anti-arthritic drugs, increase in the use of anti-inflammatory therapeutics, and proactive government initiatives.

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However, the side effects associated with these drugs, such as serious infections, edema, ulcers; and patent expiration of certain drugs, restrain the market growth. In addition, the increase in healthcare expenses and public awareness is expected to provide several opportunities for market growth.

The global arthritic therapeutic market is segmented on the basis of type, application, and geography. On the basis of type, it is bifurcated into biologics and non-biologics. Based on application, it is categorized into rheumatoid arthritis, osteoarthritis, osteoporosis, psoriatic arthritis, ankylosing spondylitis, and fibromyalgia. Geographically, it is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

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Major Players:

• AbbVie Inc.
• Merck & Co. Inc.
• Novartis AG
• AstraZeneca
• Abbott Laboratories
• Amgen Limited & Amgen Ireland Limited
• Baxter
• Bristol-Myers Squibb Company
• F. Hoffmann-La Roche Ltd.
• Eli Lilly and Company
• Johnson & Johnson
• GlaxoSmithKline Plc.
• Celgene Corporation
• Pfizer Inc.

Key Benefits:

• Comprehensive analysis of the industry along with competitive rivalry is provided in the report.

• The drivers, restraints, and potential opportunities in the industry along with their impact analyses have been provided in the report.

•In depth analysis to the current trends and future projections have been provided for the period of 2016-2023 to understand the financial appetency of the market.

•Comprehensive analysis of the various factors that drive and restrain the growth of this market is provided.

•Extensive analysis of the key market players and their strategies is provided in the report.

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