Rheumatology Therapeutics Market Growing Trends 2022-28 | Amgen, Bristol-Myers Squibb, Celgene Corporation, Flexion Therapeutics, Genentech, Inc.

The research report "Global Rheumatology Therapeutics Market: By Drug Class (Disease Modifying Anti Rheumatic Drugs (Synthetic, Biologic), Non Steroidal Anti Inflammatory Drugs (NSAID's), (Corticosteroids, Others), By Disorder (Rheumatoid Arthritis, Gout, Ankylosing Spondylitis, Osteo Arthritis, Others), By Route of Administration (Oral, Parenteral, Topical), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region- Global/Region/Country Forecast to 2028." The global rheumatology therapeutics market size was valued at USD 24568.4 Mn in 2021, witnessing at a CAGR rate of 4.3% during the evaluation time span 2022-2028.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Global Rheumatology Therapeutics Market: By Drug Class (Disease Modifying Anti Rheumatic Drugs (Synthetic, Biologic), Non Steroidal Anti Inflammatory Drugs (NSAID's), (Corticosteroids, Others), By Disorder (Rheumatoid Arthritis, Gout, Ankylosing Spondylitis, Osteo Arthritis, Others), By Route of Administration (Oral, Parenteral, Topical), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region- Global/Region/Country Forecast to 2028."

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Growing ageing population is expected to propel the Global Rheumatology Therapeutics Market
The branch of medicine used to treat and diagnose rheumatic illnesses is called as rheumatology. These illnesses mostly affect the supporting and connecting body parts including tendons, ligaments, joints, muscles and rarely a few body organs. More than 100 kinds of rheumatic illnesses are present there however frequently occurring is rheumatoid arthritis, psoriatic arthritis, ankylosing spondylitis, systemic lupus and others. Unhealthy food, change in lifestyle, genetic factors and aging are the factors cause rheumatology diseases. Rheumatology therapeutics market is highly competitive because of the presence of the strong key players involve in developing the novel rheumatology therapeutics. Companies are developing new drugs and expanding the therapeutic applications of present drugs. For example, Novartis AG has got two U.S. Food and Drug Administration approvals in January 2016 for treating psoriatic arthritis and ankylosing spondylitis in U.S. Moreover, companies focus on inorganic growth through mergers and acquisitions.

The global rheumatology therapeutics market is anticipated to grow at significant rate due to the factors such as increase in the prevalence of diseases, growing R&D activities by companies for developing novel rheumatology therapeutics and constantly growing elderly population. Moreover, growing consciousness about both the symptoms and treatment of rheumatological disorders is also anticipated to fuel the growth of market over the evaluation time span. But, the patent expiry of some drugs and the availability of the biosimilars are anticipated to hinder the global rheumatology therapeutics market during the forthcoming years.

North America accounted for major share in the Rheumatology Therapeutics Market:
Geographically, rheumatology therapeutics market is classified into leading regions such as Asia Pacific, North America, Latin America, Europe, Middle East and Africa. Increase in the prevalence of the rheumatoid disorders coupled with the established healthcare infrastructure and the latest product introductions are projected to drive the North America rheumatoid arthritis market. Asia Pacific rheumatology therapeutics market is anticipated to witness profitable growth opportunity due to the emerging Asian economies such as China and India and developed healthcare infrastructure. Europe rheumatology therapeutics market anticipated to witness considerable growth due to the well-established healthcare infrastructure, growing disposable income and rise in aging population.

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Competitive Analysis - Global Rheumatology Therapeutics Market
Major players working in the global rheumatology therapeutics market are AbbVie, Inc. (U.S.), Pfizer Inc. (U.S.), Bristol-Myers Squibb (U.S.), Merck & Co. (U.S.), Amgen, Inc. (U.S.) and Janssen Biotech, Inc. (Johnson & Johnson).

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