Press release
Gout Treatment Market Insights: Drugs, Pipeline, and Regional Outlook 2024-2031
Gout Therapeutics Market
Gout Therapeutics Market size was valued USD 1.9 billion in 2021 and is estimated to reach USD 4.1 billion by 2031, growing at a CAGR of 8.2% during the forecast period (2024-2031).
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Gout is a form of inflammatory arthritis resulting from excess uric acid in the body, caused by either overproduction or insufficient excretion. It can manifest as acute or chronic; acute gout typically targets the major joints of the extremities, especially the small joints of the hands and feet. In chronic cases, uric acid can form hard deposits called tophi on the joints, which may become large enough to break through the skin.
The global gout therapeutics market is influenced by various factors, including the growing prevalence of gout worldwide. This increase is largely driven by lifestyle changes, rising alcohol intake, higher rates of obesity and kidney disease, consumption of purine-rich diets, and the use of certain medications like diuretics.
Gout Therapeutics Market Recent Development:
In June 2022, Novartis received approval from the European Commission (EC) for Cosentyx. The medication is indicated for the treatment of juvenile idiopathic arthritis (JIA), specifically enthesitis-related arthritis (ERA) and juvenile psoriatic arthritis (JPsA), in patients aged six years and older.
List of the Key Players in the Gout Therapeutics Market:
Novartis International AG, GlaxoSmithKline PLC, Lannett Company, Inc, Mylan NV, Boehringer Ingelheim, Horizon Therapeutics plc, Regeneron Pharmaceuticals, Takeda Pharmaceutical Company Ltd, Teijin Pharma Ltd and Romeg Therapeutics, LLC.
Assessing the Effects of U.S. Tariffs on the Gout Therapeutics Market
The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.
Research Process:
Both primary and secondary data sources have been used in the global Gout Therapeutics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Gout Therapeutics Market:
By Drug Class: Non-steroidal Anti-inflammatory Drugs (NSAIDs), Anti-hyperuricemic Agents (Urate-Lowering Drugs), Non-steroidal Anti-inflammatory Drugs (NSAIDs, Corticosteroids, Colchicine, Others),
By Application: Acute Gout, Chronic Gout.
By End User: Hospital Pharmacies, Drug Stores, Online Channels, Others
Regional Analysis for Gout Therapeutics Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
People Also Ask:
Most Frequently Asked Questions in the Gout Therapeutics Market Research Industry:
➠ What are the global figures for sales, production, consumption, imports, and exports in the Gout Therapeutics market?
➠ Who are the top manufacturers in the global Gout Therapeutics industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?
➠ What key opportunities are available for vendors in the Gout Therapeutics market, and what challenges are they likely to encounter?
➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?
➠ What are the major drivers and barriers influencing the growth trajectory of the Gout Therapeutics market?
➠ What are the primary sales, marketing, and distribution strategies used across the global Gout Therapeutics industry landscape?
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Report Summary
The global gout therapeutics market was valued at USD 2.78 Billion in 2021 and is expected to grow at a CAGR of 13.7% during the forecast period 2023-2032.
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Global Gout Therapeutics Market: Snapshot
The objective of treatment during a severe gout attack involves suppressing inflammation and controlling pain. The treatment of inflammation and pain can be attained with non-steroidal anti-inflammatory drugs, colchicine, or corticosteroids. The line of treatment chosen that would be suitable depends on the co-morbid medical conditions of the patient, side effect profile, and other medications.
Patients with multiple episodes of severe gout attacks every year or with…
