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Anti-Rheumatics Market 2020 Global Industry Size, Share, Growth, Scope, Emerging Trends, Advancement and Precise Outlook – 2026
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Rise in prevalence of rheumatoid arthritis, increase in elderly population, and surge in incidence of obesity worldwide fuel the growth of the global anti-rheumatics market. On the other hand, side effects related to the medication and higher cost of biologics & biosimilars curtail down the growth to certain extent. However, R&D activities in the field of biosimilars and novel biologics are expected to pave the way for multiple opportunities in the industry.
Leading market players
Pfizer, Inc.
Johnson & Johnsons
Bristol-Myers Squibb Company
F. Hoffmann-La Roche Ltd.
Celegene Corporations
MedImmune, LLC
Takeda Pharmaceutical Company Ltd.
Biogen Inc.
Celltrion Inc.
Amgen Inc.
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The prescription-based drugs segment to maintain its dominance by 2026
Based on type, the prescription-based drugs segment accounted for the highest share in the global anti-rheumatics market in 2018, contributing for more than three-fourths of the total share, and is estimated to maintain its dominance in terms of revenue throughout the forecast period. This is due to increase in the number of specialized hospitals across the world that provide treatment from specialized medical professionals. However, the over-the-counter drugs segment is estimated to register the highest CAGR of 3.3% from 2019 to 2026, owing to surge in awareness related to treatment options and ease in availability.
The disease modifying anti-rheumatic drugs (DMARD's)segment to maintain its dominance till 2026-
By on drug class, the disease modifying anti-rheumatics drugs (DMARDs) segment contributed to more than one-third of the total market revenue in 2018, and is anticipated to lead the trail during the study period. The nonsteroidal anti-inflammatory drugs (NSAIDs) segment, on the other hand, is projected to register the fastest CAGR of 3.7% by 2026. The other segments analyzed in the report include corticosteroids and uric acid drugs.
Asia-Pacific to rule the roost in terms of revenue-
By geography, Asia-Pacific garnered the major share in 2018, holding nearly one-third of the total market. The same region would also portray the fastest CAGR of 3.7% during the study period. The other provinces discussed in the report include North America, Europe, and LAMEA.
North America to lead in terms of revenue during the forecast period
Based on region, North America held the highest share in 2018, accounting for nearly one-third of the global anti-rheumatics market, and will lead during the forecast period. This is due to easy availability of anti-rheumatics and increase in geriatric population that are susceptible to nephrological disorders. However, Asia-Pacific is estimated to witness the largest growth rate, with a CAGR of 3.7% from 2019 to 2026. This is attributed to increase in healthcare expenditure and surge in awareness of anti-rheumatics.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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