Press release
Global Krystexxa Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Krystexxa
What Is the Krystexxa Market Size and Projected Growth Rate?
In recent times, the market size of Krystexxa has seen an XX (HCAGR). This market is projected to expand from $XX million in 2024 to $XX million in 2025, displaying a compound annual growth rate (CAGR) of XX%. The growth during the historic phase can be credited to the burgeoning number of elderly individuals, escalation in clinical studies, a surge in chronic and refractory prevalence, an increase in the adoption of telemedicine in the TH*Care sector, and expanding coverage for biologic treatments.
Expectations are that the krystexxa market will experience a compound annual growth rate (CAGR) of XX% in the following years, expanding its size significantly. Estimates predict that by 2029, this market could be worth an impressive $XX million. Such robust growth during the forecast period is largely explained by several factors. These include a rising occurrence of chronic conditions, an increasing global population, a growing demand for the implementation of intravenous pegloticase, a heightened prevalence of gout, and more substantial TH*Care spending. The period of prediction also anticipates several significant market trends including a pivot towards subcutaneous delivery systems, the utilization of artificial intelligence in clinical trials, cutting-edge technological developments, innovative product offerings, and major advancements in pegylation technology.
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What Are the Major Segments in the Krystexxa Market?
The krystexxa market covered in this report is segmented -
1) By Formulation: Injectable Formulation (Lyophilized Powder), Ready-To-Use Solutions
2) By Indication: Treatment Of Chronic Gout, Management Of Hyperuricemia In Gout Patients, Treatment Of Refractory Gout
3) By Patient Demographics: Adult Patients, Elderly Patients, Patients With Comorbid Conditions
4) By Distribution Channel: Direct Sales, Wholesalers And Distributors, Retail Pharmacies, Online Pharmacies
5) By End User: Hospitals, Specialty Clinics, Rheumatology Practices, Home TH*Care Providers
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What Are The Driving Krystexxa Market Evolution?
The rise in cases of gout disease is anticipated to accelerate the expansion of the Krystexxa market. Gout is a form of arthritis induced by an accumulation of uric acid crystals in the joints, which result in inflammation, pain, and swelling. Factors such as unhealthy eating habits, obesity, ageing, certain medications, genetics, chronic kidney disease, lack of physical activity, and associated conditions like hypertension and diabetes contribute to the growing prevalence of gout. Krystexxa (pegloticase) benefits gout patients by reducing the uric acid levels in the blood. It particularly targets chronic gout resistant to standard treatments, thereby lessening the occurrence and intensity of gout flare-ups and offering relief from the painful symptoms of the disease. For instance, in June 2024, the Australian Institute of Health and Welfare, a government agency in Australia, reported gout as a contributing factor in 573 deaths, averaging 2.2 deaths per 100,000 individuals in 2022. This corresponded to 0.3% of overall deaths and accounted for 5.5% of all deaths associated with musculoskeletal conditions. Consequently, the ever-increasing prevalence of gout disease is propelling the rise of the krystexxa market.
Which Firms Dominate The Krystexxa Market Segments?
Major companies operating in the krystexxa market include Amgen Inc.
What Are the Latest Developing Trends in the Adcetris Market?
One key pattern emerging in the Krystexxa market is a focus on combination therapy to boost effectiveness, limit the formation of anti-drug antibodies, and augment patient results when dealing with uncontrolled gout. Combination therapy is the joint application of two or more treatments or medications to increase efficiency and better patient results, often targeting various aspects of a disease or condition. In July 2022, for example, Horizon Therapeutics, a biotechnology company based in Ireland, obtained the supplemental biologics license application (sBLA) from the Food and Drug Administration, a federal agency in the US, to extend the labeling to include Krystexxa (pegloticase) injection co-administered with methotrexate. When used in conjunction with methotrexate, the Krystexxa (pegloticase) injection treats adult patients suffering from uncontrolled chronic gout. This combination therapy increases effectiveness by curtailing the production of anti-drug antibodies and enhancing patient response.
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Which Is The Largest Region In The Krystexxa Market?
North America was the largest region in the krystexxa market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the krystexxa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Krystexxa Market?
2. What is the CAGR expected in the Krystexxa Market?
3. What Are the Key Innovations Transforming the Krystexxa Industry?
4. Which Region Is Leading the Krystexxa Market?
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The Krystexxa market is anticipated to grow in response to the rising occurrence of gout disease. Gout is a form of arthritis induced by uric acid crystal accumulation in the joints, resulting in inflammation, pain, and swelling. This growing prevalence of gout is due to a variety of factors such as improper diet, obesity, aging,…
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