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Axial Spondyloarthritis (AxSpA) Global Market is Expected to Grow $7.55 Billion at a CAGR of 8.1% By 2027 | Key Players: Merck and Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A, AstraZeneca plc.
Axial Spondyloarthritis (AxSpA) Market
The Business Research Company's Axial Spondyloarthritis (AxSpA) Global Market Report 2023 identifies the increasing prevalence of spondyloarthritis is expected to propel the growth of the axial spondyloarthritis (axSpa) market going forward. Spondyloarthritis is a chronic illness that typically affects the axial skeleton, including the spine and sacroiliac joints.
The global axial spondyloarthritis (axSpA) market is expected to grow from $5.07 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The axial spondyloarthritis (axSpA) market is expected to reach $7.55 billion in 2027 at a CAGR of 8.1%.
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Major players in the axial spondyloarthritis (axspa) market are Johnson and Johnson Private Limited, Pfizer Inc., F. Hoffmann-La Roche AG, Merck and Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca plc., Abbott Laboratories, GSK plc., Eli Lilly and Company, Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Incorporated, UCB S.A., Boehringer Ingelheim International GmbH., Horizon Therapeutics Public Ltd Co, Mitsubishi Tanabe Pharma Corporation, Ipsen Technologies Pvt Ltd., Kyowa Kirin Co. Ltd., Sun Pharmaceutical Industries Ltd., Acelyrin Inc., Nordic Bioscience A/S, Iroko Pharmaceuticals LLC, Celgene Corporation, and Pozen Inc.
Product innovations are the key trend gaining popularity in the axial spondyloarthritis (axSpA) market. Major companies operating in the axial spondyloarthritis (axSpA) market are developing new drugs to sustain their position in the market.
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The Axial Spondyloarthritis (AxSpA) Market Is Segmented -
• By Types: Ankylosing spondylitis (AS), Non-radiographic axial spondyloarthritis (nr-axSpA)
• By Commercialized Therapies: Anti-tumor Necrosis Factor Therapy (TNF), Anti-Interleukin Therapy (IL), Anti-Janus Kinase Therapy (JAK)
• By Dosage Form: Tablets, Injections
• By Treatment: Tumor necrosis factor (TNF) Alpha Inhibitors, Non-steroidal anti-inflammatory drugs (NSAID), Conventional Disease Modifying Anti-Rheumatic Drugs, Glucocorticoids, Interleukin Blockers
• By End-Use: Hospital Pharmacies, Retailer Pharmacies, Online Pharmacy Stores
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Axial Spondyloarthritis (AxSpA) market.
The Business Research Company's "Global Axial Spondyloarthritis (AxSpA) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Axial Spondyloarthritis (AxSpA) Market Include:
1. Executive Summary
2. Axial Spondyloarthritis (AxSpA) Market Characteristics
3. Axial Spondyloarthritis (AxSpA) Market Trends And Strategies
4. Axial Spondyloarthritis (AxSpA) Market - Macro Economic Scenario
5. Axial Spondyloarthritis (AxSpA) Market Size And Growth
.....
26. Africa Axial Spondyloarthritis (AxSpA) Market
27. Axial Spondyloarthritis (AxSpA) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Axial Spondyloarthritis (AxSpA) Market
29. Axial Spondyloarthritis (AxSpA) Market Future Outlook and Potential Analysis
30. Appendix
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