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Anti-Rheumatics Market Revenue is Poised to Garner USD 79.6 Billion with a CAGR of 2.9% by 2030

08-21-2023 04:26 PM CET | Health & Medicine

Press release from: Ameco Research

Anti-Rheumatics Market Revenue is Poised to Garner USD 79.6

The Anti-Rheumatics Market outlook remains positive, fueled by the growing elderly population, rising prevalence of rheumatic diseases, and increasing awareness of available treatments.
Anti-rheumatics encompass a diverse class of pharmaceutical agents that hold the key to alleviating the debilitating effects of rheumatic diseases. These conditions, such as rheumatoid arthritis, lupus, and ankylosing spondylitis, afflict millions worldwide, causing joint pain, inflammation, and often severe impairment in mobility. Anti-rheumatics play a pivotal role in managing these diseases by targeting the underlying immune responses and inflammatory pathways responsible for the tissue damage.
Nonsteroidal anti-inflammatory drugs (NSAIDs), disease-modifying antirheumatic drugs (DMARDs), and biologic agents constitute major categories of anti-rheumatics, each with distinct mechanisms of action and benefits. NSAIDs provide symptomatic relief by curbing inflammation and pain, while DMARDs and biologics aim to suppress the immune system's misguided attacks on healthy tissues, slowing disease progression and preventing irreversible damage. The evolving landscape of anti-rheumatic therapies offers new hope for enhanced quality of life for those affected by these chronic and often devastating conditions.
This article provides a thorough anti-rheumatics market analysis including size, share, latest trends, drivers, challenges and key companies.

Anti-Rheumatics Market Statistics and Highlights:

● Global anti-rheumatics market size to hit USD 79.6 Billion by 2030, rising from the value of USD 61.7 Billion in 2021, progressing at a CAGR of 2.9% during 2022-2030.
● North America captured dominant revenue share in 2021.
● Non-Steroidal Anti-Inflammatory Drugs (NSAIDs) accounted for a big share among drug classes in 2021.
● Increasing geriatric population is propelling market growth.

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Analysis of Key Anti-Rheumatics Market Dynamics:

The landscape of the anti-rheumatics market is poised for continued growth and development, primarily due to two significant factors: the increasing aging population and the emergence of innovative biologic therapies. The aging global population is a driving force behind the rise in rheumatoid and osteoarthritis cases, as these conditions are more prevalent among the elderly. This demographic trend ensures a consistent demand for effective anti-rheumatic treatments.
The introduction of biologics, particularly monoclonal antibodies, has revolutionized the treatment of rheumatic diseases. These advanced therapies target specific molecules involved in the inflammatory processes, offering greater precision and efficacy compared to traditional medications. As a result, they contribute substantially to the market's expansion, attracting both patient interest and investment from pharmaceutical companies.
However, several challenges persist that hinder the rapid growth of the anti-rheumatics market. Some drugs, especially biologics, may have adverse side effects that limit their use or require careful monitoring. Additionally, the high costs associated with biologics pose affordability barriers for certain patient groups and healthcare systems. This financial burden can impact patient access and overall market adoption.

Moreover, in many developing regions, the diagnosis rates for rheumatic diseases remain low due to limited awareness, resources, and healthcare infrastructure. This discrepancy in diagnosis rates leads to underutilization of available treatments and restricts market expansion in these areas.
To address these challenges and fuel future opportunities, ongoing research into targeted therapies and biosimilars holds promise. Targeted therapies aim to tailor treatments to individual patients based on their unique disease profiles, potentially minimizing adverse effects and optimizing outcomes. Biosimilars, on the other hand, offer more cost-effective alternatives to expensive biologics, promoting affordability and widening access to treatment.

Latest Innovations and Trends in Anti-Rheumatics Market:

● Development of safer NSAIDs with reduced gastrointestinal side-effects.
● Novel biologics and JAK inhibitors with improved efficacy and convenience.
● Influx of biosimilars enhancing affordability of key biologic drugs.
● Combination therapies gaining traction to improve outcomes.
● Wearables and mHealth apps to improve patient monitoring and drug adherence.

Major Factors Driving Market Growth:

● Rising geriatric population globally prone to degenerative rheumatoid diseases.
● Increasing prevalence of osteoarthritis, rheumatoid arthritis and gout.
● Greater screening and diagnosis aided by advancing diagnostics.
● Growing patient awareness regarding available anti-rheumatics treatments.
● Strong drug pipeline signaling new product launches.

Key Challenges Hindering Market Potential:

● High costs of biologics and DMARDs limiting uptake.
● Safety concerns related to cardiovascular, gastrointestinal and kidney side-effects.
● Low diagnosis rates in developing countries amid limited specialist access.
● Patent expiry of blockbuster anti-rheumatics leading to generic competition.
● Presence of counterfeit or substandard drugs in certain regions.

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Anti-Rheumatics Market Segmentation:

Based on the Drug Classes
● Nonsteroidal Anti-inflammatory Drugs (NSAID'S)
● Corticosteroids
● Uric Acid Drugs
● Disease Modifying Anti-rheumatics Drugs (DMARD'S)
● Other class

Based on the Type
● Prescription-based Drugs Type
● Over-the-counter Drugs Type

Based on the Distribution Channel
● Hospital Pharmacies
● Retail Pharmacies
● Online Pharmacies

Based on the End-User
● Ambulatory Surgical Centers
● Healthcare Specialty Process
● Hospitals and Clinics

Regional Anti-Rheumatics Market Outlook:

North America and Europe hold the leading positions presently given higher prevalence and treatment rates. However, Asia Pacific will exhibit the fastest growth over the coming years owing to improving healthcare access and diagnostic infrastructure.

Leading Companies Offering Anti-Rheumatics:

Key players include AbbVie, Amgen, Pfizer, Roche, Johnson & Johnson, Novartis, Eli Lilly, Bristol-Myers Squibb, and UCB S.A., among others.

In summary, driven by demographic shifts and disease prevalence, the anti-rheumatics market is slated for robust growth globally through 2030.

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