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Polymyalgia Rheumatica Treatment Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032
Polymyalgia Rheumatica Treatment Market
According to the report by Expert Market Research (EMR), the global polymyalgia rheumatica treatment market size is projected to grow at a CAGR of 4.7% between 2024 and 2032. Aided by the increasing focus on personalised medicine, the market is expected to grow significantly by 2032.
Polymyalgia rheumatica is an inflammatory disorder typically affecting adults over the age of 50. It is characterised by muscle pain and stiffness, particularly in the shoulders, neck, and hips. The precise cause of PMR is unknown, but it is believed to be related to autoimmune reactions and genetic factors.
The global polymyalgia rheumatica treatment market demand is primarily driven by the increasing prevalence of this condition, particularly among the aging population. The rise in the elderly population, who are more susceptible to such inflammatory diseases, is a key factor contributing to the market growth. Furthermore, advancements in medical research and diagnostics are enabling better identification and treatment of PMR, further fuelling market expansion.
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The primary treatment for polymyalgia rheumatica involves corticosteroids, which are effective in reducing inflammation and pain. The market for PMR treatment includes a range of corticosteroids, with prednisone being the most commonly prescribed medication. However, long-term use of corticosteroids is associated with potential side effects, leading to the demand for safer and more effective treatment options.
Biologic therapies are account for a significant portion of the polymyalgia rheumatica treatment market share. These therapies, which include tumour necrosis factor (TNF) inhibitors and interleukin-6 (IL-6) receptor blockers, offer targeted treatment and are often used in patients who do not respond adequately to corticosteroids. The development and approval of new biologic agents are expected to provide impetus to the market growth.
One of the key polymyalgia rheumatica treatment market trends is the growing focus on personalised medicine. Understanding the genetic and environmental factors contributing to PMR is leading to more tailored treatment approaches, improving patient outcomes and treatment efficacy.
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The market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are leading markets due to the high prevalence of PMR, well-established healthcare systems, and the presence of key pharmaceutical companies engaged in PMR research. The Asia Pacific region is also witnessing growth, driven by increasing awareness and improving healthcare infrastructure.
Polymyalgia Rheumatica Treatment Market Segmentation
The market can be divided based on diagnostic method, drug class, route of administration, end use, and region.
Market Breakup by Diagnostic Method
Blood Tests
Imaging Tests
Market Breakup by Drug Class
Corticosteroids
Disease-Modifying Anti-Rheumatic Drugs
Nonsteroidal Anti-Inflammatory Drugs
Others
Market Breakup by Route of Administration
Oral
Parenteral
Market Breakup by End Use
Hospitals
Homecare
Speciality Clinics
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polymyalgia rheumatica treatment market. Some of the major players explored in the report by Expert Market Research are as follows:
Sanofi SA
Apotex Corporation
GlaxoSmithKline plc
AbbVie Inc.
Horizon Therapeutics plc
Others
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