Press release
Axial Spondyloarthritis (axSpA) Market Expansion Continues, with Forecast Valuation of $9.05 Billion by 2029
Axial Spondyloarthritis (axSpA)
Axial Spondyloarthritis (axSpA) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for axial spondyloarthritis (axspa) has seen robust growth in the past few years. It is projected to expand from $6.08 billion in 2024 to $6.58 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.3%. The growth during the historic period is credited to the enhancement in diagnostic criteria, advancements in biological treatments, an increase in disease awareness, progress in genetic research, and advancements in clinical trials.
Axial Spondyloarthritis (axSpA) Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated robust expansion is in the offing for the axial spondyloarthritis (axspa) market in the coming years, as it is predicted to reach $9.05 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. Growth within the projection period can be credited to advancements such as biomarker identification, personalized therapies, incorporation of digital health, extended treatment alternatives, and backing from healthcare policies. Through the forecast period, major trends encompass early intervention approaches, focus on patient-centric care, the use of telemedicine and remote consultations, research on disease functionality, and collective decision-making.
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What Are the Drivers Transforming the Axial Spondyloarthritis (axSpA) Market?
The axial spondyloarthritis (axSpa) market's growth is predicted to be propelled by the escalating incidence of spondyloarthritis. This chronic disease predominantly impacts the axial skeleton, especially the spine and sacroiliac joints. The rising instances of axSpA are linked to the increasing aging population and spine injuries from minor falls or any other accidents. Various treatments are provided to manage pain, control inflammation, and improve the life quality of axSpA patients. For instance, the Musculoskeletal Health Report 2023 by Versus Arthritis-a UK-based charity dedicated to assisting those with arthritis-reported that in 2022, approximately 60,000 people suffered from axial spondyloarthritis, and each year around 2,200 adults are newly diagnosed with this condition. Hence, the rising incidence of axSpa is bolstering the growth of the axSpa market.
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What Long-Term Trends Will Define the Future of the Axial Spondyloarthritis (axSpA) Market?
The primary trend that is gaining traction in the axial spondyloarthritis (axSpA) market is product innovation. Major firms participating in the axial spondyloarthritis (axSpA) market are creating new medicines to maintain their market presence. An example of this occurred in June 2023 when UCB SA, a pharmaceutical company based in Belgium, got a green light from the New European Commission to market BIMZELX (bimekizumab). This drug is prescribed to adults suffering from active axial spondyloarthritis (axSpA), non-radiographic axial spondyloarthritis (nr-axSpA), and ankylosing spondylitis (AS), who show visible signs of inflammation as evidenced by increased C-reactive protein levels. The European Union (EU) granted these authorizations, marking the drug's maiden global marketing licenses for axial spondyloarthritis.
Which Segments in the Axial Spondyloarthritis (axSpA) Market Offer the Most Profit Potential?
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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Which Firms Dominate the Axial Spondyloarthritis (axSpA) Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Axial Spondyloarthritis (axSpA) Market?
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
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