Press release
Janus Kinase (JAK) Inhibitors Market Key Trends, Latest Insights, Future Trends And Forecast To 2033
Janus Kinase (JAK) Inhibitors Market
As per the report, the janus kinase (jak) inhibitors market size has grown rapidly in recent years. It will grow from $17.29 billion in 2023 to $20.41 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The janus kinase (jak) inhibitors market size is expected to see rapid growth in the next few years. It will grow to $39.92 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%.
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Surging Instances Of Autoimmune Diseases Propel The Janus Kinase (JAK) Inhibitors Market
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. Furthermore, in September 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, Diabetes was diagnosed in 28.7 million people of all ages, or 8.7% of the US population, and 5.7% of all US individuals with confirmed Diabetes-or 1.6 million people aged 20 and older-reported having type 1 diabetes and requiring insulin. Therefore, the increase in instances of autoimmune diseases is driving the growth of the Janus kinase (JAK) inhibitors market.
Technological Breakthroughs Drive Product Innovation In The Janus Kinase (JAK) Inhibitors Market
Product innovation is a key trend gaining popularity in the Janus kinase (JAK) inhibitors market. 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. OLUMIANT is approved for treating adult hospital patients with extracorporeal membrane oxygenation (ECMO), non-invasive or invasive mechanical breathing, or COVID-19 disease 2019 (COVID-19).
The janus kinase (jak) inhibitors market covered in this report 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
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Major companies operating in the janus kinase (jak) inhibitors market report 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., Astellas Pharma Inc., AstraZeneca PLC, Mitsubishi Tanabe Pharma Corporation, Incyte Corporation, Kyowa Hakko Kirin Co. Ltd., Galapagos NV, Sierra Oncology Inc., Dizal Pharmaceutical, Reistone Biopharma Co. Ltd., CTI BioPharma Corp., Celon Pharma SA, Theravance Biopharma Inc., Aclaris Therapeutics Inc., Alexion Pharmaceuticals Inc.
Contents of the report:
1. Executive Summary
2. Janus Kinase (JAK) Inhibitors Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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