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Arthritis Monoclonal Antibodies Market Report 2024 - Arthritis Monoclonal Antibodies Market Size, Share And Trends
Arthritis Monoclonal Antibodies Market
According to The Business Research Company's, The arthritis monoclonal antibodies market size has grown strongly in recent years. It will grow from $58.09 billion in 2023 to $62.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising prevalence of arthritis, increasing awareness of arthritis monoclonal antibodies, expanding range of approved arthritis monoclonal antibodies, government support for research and development, increased investment from pharmaceutical companies.
The arthritis monoclonal antibodies market size is expected to see strongly grown in the next few years. It will grow to $83.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to combination therapies, expanding indications, patient preference, increased healthcare spending. Major trends in the forecast period include biosimilars and biobetters, targeted therapies, homecare administration, real-world evidence, cost and access considerations, advancements in drug delivery.
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Market Drivers and Trends:
The increasing prevalence of arthritis globally has contributed to the growth of the arthritis monoclonal antibody market. According to the Global RA Network, in 2021, Over 350 million individuals worldwide suffer from arthritis and osteoarthritis is the most common form of arthritis followed by gout, fibromyalgia, and rheumatoid arthritis. According to WHO, the prevalence of rheumatoid arthritis varies between 0.3% and 1%, and the worldwide estimates of osteoarthritis include 9.6% of men and 18% of women. The increased prevalence of arthritis and the demand for personalized medicine are increasing the demand for the market.
The development of therapeutic monoclonal antibody products is becoming an indispensable tool in the development of the arthritis monoclonal antibody market. Monoclonal antibodies are more efficient than small molecules and peptides in the treatment of arthritis. These are target-specific and have good efficiency for disease treatment. These improved treatment options are evident with the launch of a greater number of monoclonal antibody drugs for arthritis.
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Major Key Players of the Market:
Johnson & Johnson; Hoffmann-La Roche Ltd.; Novartis AG; Pfizer Inc.; AbbVie Inc.; Amgen Inc.; Genentech Inc.; GlaxoSmithKline plc.; AstraZeneca plc; Mylan N.V.; Bristol Myers Squibb; Eli Lilly and Company; Thermo Fisher Scientific Inc.; Sanofi SA; Novo Nordisk A/S; Daiichi Sankyo Company Ltd.; Seattle Genetics; Teva Pharmaceutical Industries Ltd.; Shanghai Junshi Biosciences Co. Ltd.; GenScript Biotech Corporation; Sigma-Aldrich Co. LLC; AbGenomics Corp.; ADC Therapeutics SA; Agensys Inc.; Alexion Pharmaceuticals Inc.; ALMAC Group Ltd.; Ambrx Inc.; Astellas Pharma Inc.; Celgene Corporation; Celldex Therapeutics Inc.; Boehringer Ingelheim International GmbH; Celltrion Inc.; HanAll Biopharma Co. Ltd.; Merck & Co. Inc.; Mitsubishi Tanabe Pharma Corporation; Regeneron Pharmaceuticals Inc.; Samsung Bioepis Co. Ltd.
Arthritis Monoclonal Antibodies Market 2024 Key Insights:
• The arthritis monoclonal antibodies market size will grow to $83.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Arthritis Prevalence Fuels Growth In Arthritis Monoclonal Antibody Market
• Advancements In Therapeutic Monoclonal Antibodies Revolutionize The Arthritis Treatment Landscape
• North America was the largest region in the arthritis monoclonal antibodies market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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