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

The APAC 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 APAC Rheumatoid Arthritis Therapeutics market. This report explores all the key factors affecting the growth of the global APAC 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 APAC Rheumatoid Arthritis Therapeutics Market

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

Reason to buy the report:

Facilitate decision-making based on strong current and forecast data for APAC Rheumatoid Arthritis Therapeutics Drug Market

Develop strategies based on the latest regulatory framework

Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market

Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Migraine Drug market

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

APAC Rheumatoid Arthritis Therapeutics Drugs Market Executive Summary

Rheumatoid Arthritis (RA) is a chronic, progressive, and currently incurable autoimmune disease that primarily affects the joints. It is characterized by synovial inflammation and gradual bone erosion over many years. Moreover, surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high rheumatoid arthritis drugs market share is expected to drive the growth of the market in the region.

Market Size and Key Findings

The APAC Rheumatoid Arthritis Therapeutics Market size stood at around USD 5.6 billion in 2018 and is projected to reach USD 9.5 billion by 2023, exhibiting a CAGR of 8% during the forecast period.

The RA therapeutic market has become very competitive due to the high number of new drug approvals. Competition is fierce, particularly among TNFa inhibitors, which dominate the treatment market for RA patients who are refractory to traditional disease-modifying antirheumatic drugs (DMARD). Despite this, 30% of RA patients fail to attain a clinical response when treated with TNFa inhibitors. However, other targeted programs, as well as newly marketed small-molecule DMARDs such as the Janus kinase (JAK)I nhibitor Xeljanz (tofacitinib), have the potential to replace ineffective TNFa inhibitors.

Market Dynamics

Market Growth Drivers Analysis

Owing to the presence of large population base susceptible to rheumatoid arthritis, increase in public awareness toward use & benefits of these drugs, the development of the R&D sector, rise in healthcare reforms, and an increase in the adoption of rheumatoid arthritis drugs. Moreover, increase in demand for DMARDs and rise in the geriatric population contribute toward growth of the market.

Market Restraints

Side effects associated with the medication and high costs of biological DMARD therapies are expected to act as the key restraints of the global market.

Competitive Landscape

Key Players

The key companies operating in the market include Pfizer Inc., AbbVie Inc., Johnson & Johnson, GlaxoSmithKline plc, Merck & Co., Inc., Novartis AG, F. Hoffmann-La Roche AG, Eli Lily and Company, AstraZeneca PLC, and Amgen Inc.

Products in Pipeline

Few pipeline Agents include one GM-CSF-inhibiting biologic (GSKs otilimab), one IL-6-inhibiting biologic (R-Pharms olokizumab), one TNF-inhibiting biologic (Taishos ozoralizumab), one BTK inhibitor (Roche/Genentechs fenebrutinib), and one IRAK 4 inhibitor (Pfizers PF-06650833).

Notable Recent Deals

Recently, Elli Lilly, a US-based major pharmaceutical company, has entered into licensing agreements with a number of Indian drug manufacturers for the manufacture of and supply of Baricitinib in India which is showing promise as a drug for the treatment of Covid-19.The licensing agreement with Eli Lilly is voluntary, royalty-free, and non-exclusive in nature for the manufacture and commercialization of the drug in India

Healthcare Policies and Regulatory Landscape

Pricing and Reimbursement scenario of APAC Rheumatoid Arthritis Therapy

Pfizer China announced today that it has received approval from the Chinese Food and Drug Administration (CFDA) to market its oral Janus kinase (JAK) inhibitor, XELJANZ (tofacitinib citrate), in China for the treatment of adult patients with moderately to severely active rheumatoid arthritis (RA) who have had an inadequate response or intolerance to methotrexate (MTX). It may be used in combination with MTX or other non-biologic disease-modifying antirheumatic drugs (DMARDs).
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Rheumatoid Arthritis Therapeutics Market Segmentation

By Indication Type:

Based on the indication type the APAC Rheumatoid Arthritis Market is sub-segmented into Arthritis, Respiratory disease, Psoriasis, Inflammatory Bowel Disease, and other inflammatory diseases.

Arthritis
Rheumatoid Arthritis
Osteoarthritis
Ankylosing Spondylitis
Psoriatic ArthritisGout
Respiratory Disease
Asthma
Chronic Obstructive Pulmonary Diseases (COPD)
Psoriasis
Inflammatory Bowel Disease (IBD)
Crohn's disease
Ulcerative Colitis
Other Inflammatory diseases

By Drug Class:

Based on the Drug class APAC Rheumatoid Arthritis Market is sub-segmented into-
Nonsteroidal Anti-Inflammatory Diseases (NSAIDs)
Corticosteroids
Biologics
Immune Selective Anti-Inflammatory Derivatives (ImSAIDs)

Based On country APAC Rheumatoid Arthritis market is sub-segmented into-
Japan
China
India
Australia
South Korea
Indonesia

Other APAC countries
Highlighted Segments of APAC Rheumatoid Arthritis Therapeutics Market:

Industry Overview: The first section of the research study covers an overview of the global APAC 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 APAC 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 APAC 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 APAC 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 APAC 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 APAC 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 APAC Rheumatoid Arthritis Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the APAC Rheumatoid Arthritis Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the APAC Rheumatoid Arthritis Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the APAC Rheumatoid Arthritis Therapeutics
Chapter 4: Presenting the APAC 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 APAC 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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-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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