US Rheumatoid Arthritis Therapeutics Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The US Rheumatoid Arthritis Therapeutics Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global US Rheumatoid Arthritis Therapeutics market. This report explores all the key factors affecting the growth of the global US Rheumatoid Arthritis Therapeutics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the US Rheumatoid Arthritis Therapeutics Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)

The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis

We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses

All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis

Inflation has not been accounted for in order to estimate and forecast the market

Numbers may not add up due to rounding off

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Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the US Rheumatoid Arthritis Therapeutics Market Analysis

Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market shares and core competencies

We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

US Rheumatoid Arthritis Therapeutics Market Analysis Executive Summary

North America is currently dominating the rheumatoid arthritis therapeutics market in the region. This is attributed to the couple of factors such as growing prevalence of rheumatoid arthritis patients, strong clinical pipeline, favorable reimbursement policies, and high healthcare infrastructure. Moreover, rising healthcare spending and growing approval of novel drugs are some of the factors that are propelling the market growth.

Market Size and Key Findings

The US Rheumatoid Arthritis Therapeutics Market Analysis size stood at around USD 9.9 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

Rising incidence of rheumatoid arthritis coupled with growing geriatric population base is driving the market growth. The growing demand for biologics and increasing penetration of generic drugs coupled with rising number of FDA approvals for the treatment of rheumatoid arthritis is boosting the market growth.

Market Restraints

High cost of biologics and accessibility to these biologics may restrict the market growth in the upcoming years.

Competitive Landscape

Key Players

Few of the key companies operating in rheumatoid arthritis therapeutics market include AbbVie, Regeneron Pharmaceuticals, Inc., Novartis International AG, Pfizer Inc., Bristol-Myers Squibb., Hoffmann-La Roche AG, Johnson & Johnson, Boehringer Ingelheim GmbH, UCB S.A., and Amgen Inc. Key companies in the market are constantly focusing on the development and launch of novel biologics in order to gain a competitive edge and maintain their position in the market.

Products in Pipeline

For instance, in August 2019, AbbVie announced that the U.S. Food and Drug Administration (FDA) has approved RINVOQ (upadacitinib), a 15 mg, once-daily oral Janus kinase (JAK) inhibitor, for the treatment of adults with moderately to severely active rheumatoid arthritis (RA) who have had an inadequate response or intolerance to methotrexate (MTX-IR).

In November 2020, the U.S. Food and Drug Administration approved the emergency use of Eli Lillys arthritis drug baricitinib, in combination with Gilead Sciences remdesivir, to treat COVID-19 patients.

Notable Recent Deals

In 2017, AbbVie Inc., emerged dominant in the global rheumatoid arthritis therapeutics market.

For instance, in 2020, Pfizer and Lilly went into a collaboration agreement to jointly develop and globally commercialize tanezumab for the treatment of osteoarthritis pain and cancer pain, under which the companies equally share ongoing development costs.

In February 2021, Pfizer and Imcyse, a Belgium-based clinical-stage biopharmaceutical company, announced that they have entered into a research collaboration and license agreement for the potential treatment of rheumatoid arthritis (RA) via Imcyses RA program based on its Imotope technology.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Different combinations of biologics to treat RA are expected to achieve more complete control of joint inflammation and destruction. Even though the first trial on combination therapy with anakinra and abatacept was shown to increase chances of infection, TNF inhibitors and interlukin-17 inhibitors such as secukinumab seem to be more a promising combination therapy. Recent pre-clinical investigations have shown that combination is significantly capable of reducing joint pathology in the murine experimental arthritis model. Hence, a future combination of TNF inhibitors with an anti-IL-17 antibody seems plausible. Moreover, new era of bi-specific antibodies is expected to push market growth over the forecast period.
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US Rheumatoid Arthritis Therapeutics Market Analysis Segmentation

By Product Type:

Based on the product type, the global rheumatoid arthritis therapeutics market segments include biologics, and non-biologics. The biologics segment dominated the global rheumatoid arthritis market in 2017. Non-Biologics can be further sub-segmented into non-steroidal anti-inflammataory drugs (NSAIDs), synthetic disease-modifying antirheumatic drugs (sDMARDs), and others.

By Distribution Channel:

Based on distribution channel, the global market segments include hospital pharmacy, retail pharmacy, and online pharmacy.

Highlighted Segments of US Rheumatoid Arthritis Therapeutics Market:

Industry Overview: The first section of the research study covers an overview of the global US Rheumatoid Arthritis Therapeutics Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global US Rheumatoid Arthritis Therapeutics Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global US Rheumatoid Arthritis Therapeutics Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global US Rheumatoid Arthritis Therapeutics Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global US Rheumatoid Arthritis Therapeutics Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global US Rheumatoid Arthritis Therapeutics Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global US Rheumatoid Arthritis Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the US Rheumatoid Arthritis Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the US Rheumatoid Arthritis Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the US Rheumatoid Arthritis Therapeutics
Chapter 4: Presenting the US Rheumatoid Arthritis Therapeutics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the US Rheumatoid Arthritis Therapeutics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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