Axial Spondyloarthritis Drug Market to see Rapid Growth by 2029

The global axial spondyloarthritis drug market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The market is primarily driven by favourable conditions for pharmaceutical producers and the attention of various government agencies on enhancing the current healthcare infrastructure. These will lead to a rise in global demand for various drugs for treatment options for axial spondyloarthritis in the near future. Additionally, significant investment in research and development, favourable reimbursement circumstances, and rising incidences and prevalence may all contribute to market growth. For instance, in March 2019, Certolizumab pegol (CIMZIA), a TNF inhibitor, has been approved by the US Food and Drug Administration for the treatment of non-radiographic axial spondyloarthritis (nr-axSpA.) This is the first and only biologic medicine to be approved for nr-axSpA in the US, giving patients effective treatment who suffered from the condition access to a novel class of treatment. 

The majority of established key players in the global axial spondyloarthritis drug market are forming strategic agreements to improve their market position and expand their geographic reach. For instance, in January 2022, Amgen Inc. announced its research collaboration with Generate Biomedicines to find and develop protein therapies for five clinical targets in a variety of therapeutic areas and methodologies. 

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Distribution Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including AstraZeneca Plc., Eli Lilly and Co., Johnson & Johnson Services, Inc., Novartis AG, Panacea Biotec Ltd., and others. 

Axial Spondyloarthritis Drug Market Report Segment

By Type

Certolizumab Pegol
Etanercept Biosimilar
Ixekizumab
Others

By Distribution Channel

Hospital Pharmacies 
Retail Pharmacies
Online Pharmacies 

A full Report of Axial Spondyloarthritis Drug Market is Available @  https://www.omrglobal.com/industry-reports/axial-spondyloarthritis-drug-market

Axial Spondyloarthritis Drug Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Abbott
AbbVie Inc.
Amgen Inc. 
GlaxoSmithKLine Plc.
Kyowa Kirin Co., Ltd. 
Merck & Co. Inc.
Pfizer Inc.
Sandoz International GmbH
KYOCERA Corp.
Sun Pharmaceutical Industries Ltd.
UCB S.A. 

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https://www.asiatimeskorea.com/news/2029%eb%85%84%ea%b9%8c%ec%a7%80-%ed%99%95%ec%9e%a5%eb%90%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88%ec%83%81%eb%90%98%eb%8a%94-%ec%9e%90%eb%8f%99%ec%b0%a8-%eb%a0%88%ec%9d%b4%eb%8d%94-%ec%84%bc%ec%84%9c/250239/
https://citytoday-hildesheim.de/index.php/2023/01/16/der-markt-fur-dispersionskompensationsfasern-soll-bis-2029-schnell-wachsen/
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