Rheumatology Therapeutics Market Overall Study Report 2022-2028 | AstraZeneca, Rigel pharma, Abbott Laboratories, Pfizer, Amgen, Janssen Biotech, Merck Co. Inc

Rheumatology is a branch of medicine dedicated to the diagnosis and therapy of rheumatic diseases. Rheumatology therapeutics involve physical therapies, exercises, and medications with surgical treatment to cure joint damage. Scleroderma, fibromyalgia, gout, osteoarthritis, reactive arthritis, psoriatic arthritis, rheumatoid arthritis, and ankylosing spondylitis are some common types of rheumatology diseases. Thus, with the increasing burden of rheumatology diseases worldwide, the demand for rheumatology therapeutics is also increasing. According to the Centers for Disease Control and Prevention (CDC), by 2040, around 78 million adults in the United States aged 18 years or older are expected to have doctor-diagnosed arthritis.

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The aforementioned factors are expected to augment the rheumatology therapeutics market growth. Moreover, doctors prescribe disease-modifying antirheumatic drugs (DMARDs) for the treatment of rheumatologic disease. For example, in April 2021, Nēsos received the United States Food and Drug Administration (FDA) Breakthrough Device Designation to its digital therapeutic for patients with rheumatoid arthritis (RA) who have had an inadequate response or intolerance to DMARDs. Furthermore, in March 2021, American Rheumatology Network (ARN) launched ARN Clinical Research, a patient centric and real-world technology unit for transforming rheumatology trials and care.

The new unit will be dedicated to transforming drug development efforts in rheumatology research in collaboration with real-world technology solutions provider Trio Health. This in turn is expected to accelerate the growth of the rheumatology therapeutics market, especially in North America. Moreover, a key driving factor for the rheumatology therapeutics market is the increase in population worldwide with some sort of rheumatology arthritis. Rheumatoid arthritis (RA) can occur at any age, but it most commonly begins in middle age. It is most likely to show up between ages 30 and 50. When it starts between ages 60 and 65, it is called elderly-onset RA or late-onset RA.

However, major factors restraining the growth of the rheumatology therapeutics market are the introduction of biosimilars or increasing demand for biosimilars and patent expiry of some drugs used to treat rheumatology diseases. As of June 2020, FDA has approved 27 biosimilars, plus four follow-on biologicals. The pipeline for biosimilars continues to grow, however, of the 27 approved biosimilars, only 17 have been launched so far. Moreover, pharmaceutical and biotechnology companies are focused on developing safe and effective biosimilars, hampering the growth of the rheumatology therapeutics market.

Major Players are: AstraZeneca, Rigel pharma, Abbott Laboratories, Pfizer, Amgen, Janssen Biotech, Merck Co. Inc., Eli Lily, and Alder Biopharmaceuticals.

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Promising Regions & Countries Mentioned in Rheumatology Therapeutics Market Report:

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Columbia, Chile, Peru)
Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland)
Middle East & Africa (GCC, North Africa, South Africa)
Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western As)

Rheumatology Therapeutics Market Report Analyzed by Following Points:

1. Company Profile
2. Business Segments Analysis
3. Financial Analysis
4. SWOT Analysis
5. Possible Impact Of Covid -19 On Latest Market Conditions

Report Answers Following Questions:

1. What are the factors driving the growth of the market?
2. What factors are inhibiting market growth?
3. What are the future opportunities in the market?
4. Which are the most dynamic companies and what are their recent developments within the Rheumatology Therapeutics Market?
5. What key developments can be expected in the coming years?

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In conclusion, the Rheumatology Therapeutics Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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