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Strong Growth Ahead: Axial Spondyloarthritis (axSpA) Market Size To Grow At Arecord 8.3% Cagr By 2029
Axial Spondyloarthritis (axSpA)
How Big Is the Axial Spondyloarthritis (axSpA) Market Size Expected to Be by 2034?
The Axial Spondyloarthritis (axSpA) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Axial Spondyloarthritis (axSpA) Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Axial Spondyloarthritis (axSpA) Market?
The axial spondyloarthritis (axSpA) market covered in this report is segmented -
1) By Types: Ankylosing Spondylitis (AS), Non-Radiographic Axial Spondyloarthritis (nr-axSpA)
2) By Commercialized Therapies: Anti-Tumor Necrosis Factor Therapy (TNF), Anti-Interleukin Therapy (IL), Anti-Janus Kinase Therapy (JAK)
3) By Dosage Form: Tablets, Injections
4) By Treatment: Tumor Necrosis Factor (TNF) Alpha Inhibitors, Non-Steroidal Anti-Inflammatory Drugs (NSAID), Conventional Disease Modifying Anti-Rheumatic Drugs, Glucocorticoids, Interleukin Blockers
5) By End-Use: Hospital Pharmacies, Retailer Pharmacies, Online Pharmacy Stores
Subsegments:
1) By Ankylosing Spondylitis (AS): Early-stage AS, Advanced-stage AS
2) By Non-Radiographic Axial Spondyloarthritis (nr-axSpA): Symptomatic nr-axSpA, Asymptomatic nr-axSpA
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What Long-Term Drivers Are Shaping Axial Spondyloarthritis (axSpA) Market Trends?
The surge in cases of spondyloarthritis is anticipated to boost the axial spondyloarthritis (axSpa) market's expansion in the future. This progressive disease commonly affects the axial skeleton, particularly the spine and sacroiliac joints. The growing number of spondyloarthritis (axSpA) instances are linked to the rising aged population and spine injuries from minor mishaps, where various therapies focusing on pain relief, inflammation reduction, and improving the life quality of axSpA patients are provided. The Musculoskeletal Health Report 2023 by Versus Arthritis, a UK-based charity supporting arthritis patients, disclosed in June 2023 that about 60,000 people were suffering from axial spondyloarthritis as of 2022, and every year, around 2,200 adults are newly diagnosed with this condition. Hence, the escalating incidence rate of axial spondyloarthritis (Axspa) is fueling the growth of the axial spondyloarthritis (AxSpa) market.
Who Are the Top Competitors in Key Axial Spondyloarthritis (axSpA) Market Segments?
Major companies operating in the axial spondyloarthritis (axSpA) market include Johnson and Johnson Private Limited, Pfizer Inc., F. Hoffmann-La Roche AG, Merck and Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca plc., Abbott Laboratories, GSK plc., Eli Lilly and Company, Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Incorporated, UCB S.A., Boehringer Ingelheim International GmbH., Horizon Therapeutics Public Ltd Co, Mitsubishi Tanabe Pharma Corporation, Ipsen Technologies Pvt Ltd., Kyowa Kirin Co. Ltd., Sun Pharmaceutical Industries Ltd., Acelyrin Inc., Nordic Bioscience A/S, Iroko Pharmaceuticals LLC
What Axial Spondyloarthritis (axSpA) Market Trends Are Gaining Traction Across Different Segments?
In the axial spondyloarthritis (axSpA) market, the rising trend is centered on product innovations. To maintain their market position, leading firms in the axial spondyloarthritis (axSpA) market are producing novel medications. For example, UCB SA, a pharmaceutical company based in Belgium, gained approval from the New European Commission in June 2023 for the market authorization of BIMZELX, or bimekizumab. This drug is formulated for adults suffering from active axial spondyloarthritis (axSpA), non-radiographic axial spondyloarthritis (nr-axSpA), and ankylosing spondylitis (AS) who display signs of inflammation as determined by increased C-reactive protein. The axial spondyloarthritis drug received its first global marketing licenses from these European Union (EU) authorizations.
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Which Regions Are Becoming Hubs for Axial Spondyloarthritis (axSpA) Market Innovation?
North America was the largest region in the axial spondyloarthritis(axSpA) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the axial spondyloarthritis (axSpA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Axial Spondyloarthritis (axSpA) Market?
2. What is the CAGR expected in the Axial Spondyloarthritis (axSpA) Market?
3. What Are the Key Innovations Transforming the Axial Spondyloarthritis (axSpA) Industry?
4. Which Region Is Leading the Axial Spondyloarthritis (axSpA) Market?
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