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Arthritis Monoclonal Antibodies Market Trends That Will Shape the Next Decade: Insights from Advancements In Therapeutic Monoclonal Antibodies Revolutionize The Arthritis Treatment Landscape
Arthritis Monoclonal Antibodies Market
How Large Will the Arthritis Monoclonal Antibodies Market Size By 2025?
In recent times, the market size for arthritis monoclonal antibodies has notably expanded. It's projected to increase from $58.09 billion in 2024 to $62.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Several factors have contributed to this historic period growth including a surge in arthritis cases, heightened awareness about arthritis monoclonal antibodies, widened scope of approved arthritis monoclonal antibodies, governmental backing for research and development, and surging investment from pharmaceutical firms.
How Big Is the Arthritis Monoclonal Antibodies Market Size Expected to Grow by 2029?
It's predicted that the market for arthritis monoclonal antibodies will enjoy robust growth in the coming years, reaching a market size of $83.76 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.7%. The projected growth during the forecast period can be linked to multiple factors including combination therapies, broadening indications, patient preferences, and augmented healthcare expenditure. The forecast period will also witness significant trends such as the rise of biosimilars and biobetters, targeted therapies, homecare administration, real-world evidence, cost and access deliberations, and breakthroughs in drug delivery methods.
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Which Key Market Drivers Powering Arthritis Monoclonal Antibodies Market Expansion and Growth?
The arthritis monoclonal antibody market is experiencing growth due to the rising occurrence of arthritis worldwide. The Global RA Network reported in 2021 that arthritis affects over 350 million people globally, with osteoarthritis being the most common type, followed by gout, fibromyalgia, and rheumatoid arthritis. For example, Arthritis Australia, a charitable not-for-profit organization, predicted in February 2024 that the number of Australians afflicted with arthritis would rise from 4.11 million in 2025 to 5.39 million in 2040. This surge in arthritis cases is reinforcing the expansion of the arthritis monoclonal antibody market.
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Which Fast-Growing Trends Are Poised to Disrupt the Arthritis Monoclonal Antibodies Market?
Monoclonal antibody therapy products' advancement is proving crucial for the growth of the arthritis monoclonal antibody market. Compared to small molecules and peptides, monoclonal antibodies demonstrate higher efficacy in treating arthritis. They are target-specific and exceptionally effective in disease management. The introduction of an increasing number of monoclonal antibody drugs for arthritis is a testament to these improved treatment options.
What Are the Emerging Segments in the Arthritis Monoclonal Antibodies Market?
The arthritis monoclonal antibodies market covered in this report is segmented -
1) By Drug: Remicade, Humira, Enbrel, Rituxan, Orencia, Actemra, Simponi, Cimzia, Remsima
2) By Application: Rheumatoid Arthritis, Osteoarthritis, Psoriatic Arthritis, Ankylosing Spondylitis, Fibromyalgia, Other Applications
3) By End-Use: Hospitals, Research Institutes, Other End-Users
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Who Are the Global Leaders in the Arthritis Monoclonal Antibodies Market?
Major companies operating in the arthritis monoclonal antibodies market include Johnson & Johnson, Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc., AbbVie Inc., Amgen Inc., Genentech Inc., GlaxoSmithKline plc., AstraZeneca plc, Bristol Myers Squibb, Eli Lilly and Company, Thermo Fisher Scientific Inc., Sanofi SA, Daiichi Sankyo Company Ltd., Seattle Genetics, Teva Pharmaceutical Industries Ltd., Shanghai Junshi Biosciences Co. Ltd., GenScript Biotech Corporation, Sigma-Aldrich Co. LLC, AbGenomics Corp., ADC Therapeutics SA, Agensys Inc., Alexion Pharmaceuticals Inc., ALMAC Group Ltd., Ambrx Inc., Astellas Pharma Inc., Celgene Corporation, Celldex Therapeutics Inc., Boehringer Ingelheim International GmbH, Celltrion Inc., HanAll Biopharma Co. Ltd., Merck & Co. Inc., Mitsubishi Tanabe Pharma Corporation, Regeneron Pharmaceuticals Inc., Samsung Bioepis Co. Ltd.
Which are the Top Profitable Regional Markets for the Arthritis Monoclonal Antibodies Industry?
The countries covered in the arthritis monoclonal antibodies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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3.1…
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Description-
** Summary
Rheumatoid arthritis (RA) is an autoimmune disease characterized by inflammation of the joints, bone and cartilage erosion, and joint deformity. Additionally, the condition manifests itself in multiple joints in the body. In RA, the bodys immune system attacks the lining of the joints, known as…
