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Comprehensive Rheumatology Therapeutics Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Rheumatology Therapeutics
The increasing prevalence of autoimmune diseases is expected to drive the rheumatology therapeutics market. Autoimmune diseases are rising due to genetic, environmental, and lifestyle factors, leading to higher demand for treatments to manage inflammation and symptoms. In June 2024, the Australian Institute of Health and Welfare reported that approximately 514,000 people in Australia lived with rheumatoid arthritis in 2022. The growing prevalence of autoimmune diseases is propelling the rheumatology therapeutics market.
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What is the future CAGR of the rheumatology therapeutics market, and how will it impact industry expansion?
The rheumatology therapeutics market has seen strong growth in recent years. It will grow from $42.4 billion in 2024 to $44.61 billion in 2025 at a CAGR of 5.2%. Key growth factors include the rising prevalence of rheumatologic disorders, the aging population, increasing awareness of treatment options, advancements in biological therapies, and expanding healthcare access in emerging markets.
The rheumatology therapeutics market is expected to grow steadily in the coming years, reaching $53.88 billion by 2029 with a CAGR of 4.8%. This growth will be driven by a shift towards personalized medicine, the increased use of biosimilars, more investments in R&D, the adoption of digital health technologies, and regulatory approvals for new therapies. Key trends will include growth in telemedicine, expansion of biologic treatments beyond monoclonal antibodies, and a focus on patient-centric care models.
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What are the most significant trends transforming the rheumatology therapeutics market today?
Companies in the rheumatology therapeutics market are developing new solutions, such as intravenous (IV) formulations, to improve treatment effectiveness and patient comfort. For instance, in October 2023, Novartis AG, a Swiss pharmaceutical company, announced that the US Food and Drug Administration (FDA) approved an intravenous version of Cosentyx to treat adults with psoriatic arthritis, ankylosing spondylitis, and non-radiographic axial spondyloarthritis. Cosentyx works by inhibiting interleukin-17A (IL-17A) and is the only IV treatment for these conditions that does not involve tumor necrosis factor alpha (TNF-a).
Which key market segments comprise the rheumatology therapeutics market and drive its revenue growth?
The rheumatology therapeutics market covered in this report is segmented -
1) By Drug Class: Disease Modifying Anti-Rheumatic Drugs, Nonsteroidal Anti-Inflammatory Drugs, Corticosteroids, Uric Acid Drugs, Other Drugs Classes
2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
3) By Disease Indication: Rheumatoid Arthritis, Osteoarthritis, Gout, Psoriatic Arthritis, Ankylosing Spondylitis, Other Disease Indications
Subsegments:
1) By Disease Modifying Anti-Rheumatic Drugs (DMARDs): Conventional Synthetic DMARDs, Biologic DMARDs, Targeted Synthetic DMARDs
2) By Nonsteroidal Anti-Inflammatory Drugs (NSAIDs): COX-2 Inhibitors, Traditional NSAIDs
3) By Corticosteroids: Oral Corticosteroids, Injectable Corticosteroids, Topical Corticosteroids
4) By Uric Acid Drugs: Uric Acid Lowering Agents, Uricosuric Agents, Pegloticase
5) By Other Drug Classes: Immunosuppressants, Biologic Therapies, Analgesics
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What regions are at the forefront of rheumatology therapeutics market expansion?
North America was the largest region in the rheumatology therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rheumatology therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the rheumatology therapeutics market?
Major companies operating in the rheumatology therapeutics market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis AG, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Janssen Biotech, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals, UCB S.A., Galapagos NV (GLPG), Genentech Inc.
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What Is Covered In The Rheumatology Therapeutics Global Market Report?
•Market Size Forecast: Examine the rheumatology therapeutics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the rheumatology therapeutics market for a structured understanding.
•Key Players Overview: Analyze major players in the rheumatology therapeutics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the rheumatology therapeutics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the rheumatology therapeutics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the rheumatology therapeutics market.
•Industry Challenges: Identify potential risks and obstacles affecting the rheumatology therapeutics market.
•Competitive Landscape: Review strategic developments in the rheumatology therapeutics market, including expansions, agreements, and new product launches.
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