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Breaking Ground: Janus Kinase (JAK) Inhibitors Market Anticipates Remarkable Growth with a 17.9% CAGR by 2027
Janus Kinase (JAK) Inhibitors Market
The Business Research Company's Janus Kinase (JAK) Inhibitors Global Market Report 2023 identifies the increase in instances of autoimmune diseases is expected to propel the growth of the Janus kinase (JAK) inhibitors market. Autoimmune diseases are a broad group of disorders characterized by an abnormal immune response in which the immune system mistakenly attacks and damages healthy cells, tissues, and organs. Janus Kinase (JAK) inhibitors provide therapeutic benefits for autoimmune diseases by modulating the immune system, reducing inflammation, and alleviating symptoms such as rheumatoid arthritis. For instance, in December 2022, according to the National Psoriasis Foundation, a US-based non-profit organization serving people with Psoriasis and psoriatic arthritis, Psoriasis affected more than 8 million people in America and 125 million individuals worldwide, or 2 to 3% of the population.
The global Janus Kinase (JAK) inhibitors market is expected to grow from $14.61 billion in 2022 to $17.29 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Janus Kinase (JAK) inhibitors market is expected to reach $33.38 billion in 2027 at a CAGR of 17.9%.
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Major competitors in the janus kinase (jak) inhibitors market are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi SA, Bristol Myers Squibb Co., GSK Plc., Takeda Pharmaceutical Company Ltd., Eli Lilly and Co., Gilead Sciences Inc., Boehringer Ingelheim Group, Teva Pharmaceutical Industries Ltd.
A key trend in the janus kinase (jak) inhibitors market includes product innovation. Major companies operating in the Janus kinase (JAK) inhibitors market are focused on innovating technologically advanced solutions to sustain their position in the market. For instance, in May 2022, Eli Lilly and Company, a US-based pharmaceutical company, and Incyte, a Switzerland-based biopharmaceutical company, announced the approval of OLUMIANT (baricitinib) by the U.S. Food and Drug Administration (FDA). It is the first and only JAK inhibitor FDA-approved for treating COVID-19 in some hospitalized individuals who need varying levels of oxygen assistance.
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The janus kinase (jak) inhibitors market is segmented -
1) By Inhibitors Type: Ruxolitinib, Tofacitinib, Oclacitinib, Baricitinib, Peficitinib, Other Inhibitor Types
2) By Mode Of Administration: Injectable, Oral, Other Modes Of Administration
3) By Distribution Channel: Hospital pharmacies, Retail pharmacies, Online pharmacies
4) By Application: Autoimmune Disorders, Oncology, Inflammatory Disorders, Metabolic Disorders
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the janus kinase (JAK) inhibitors market.
The Business Research Company's "Global Janus Kinase (JAK) Inhibitors 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 Janus Kinase (JAK) Inhibitors Market Include:
1. Executive Summary
2. Janus Kinase (JAK) Inhibitors Market Characteristic
3. Janus Kinase (JAK) Inhibitors Market Trends And Strategies
4. Janus Kinase (JAK) Inhibitors Market - Macro Economic Scenario
5. Janus Kinase (JAK) Inhibitors Market Size And Growth
……………
27. Janus Kinase (JAK) Inhibitors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Janus Kinase (JAK) Inhibitors Market
29. Janus Kinase (JAK) Inhibitors Market Future Outlook And Potential Analysis
30. Appendix
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