Press release
Global Gout Therapeutics Market Expected to Achieve 11.7% CAGR by 2029: Growth Forecast Insights
Gout Therapeutics
How Large Will the Gout Therapeutics Market Size By 2025?
The size of the market for gout therapeutics has experienced substantial augmentation lately, projected to expand from $2.88 billion in 2024 to reach $3.22 billion in 2025, reflecting an 11.9% compound annual growth rate during this span; underlying this expansion throughout the historical timeframe were factors such as the escalating incidence of gout, modifications in lifestyle and eating habits, the widespread occurrence of both hypertension and diabetes, advancements in xanthine oxidase inhibitors, and various patient awareness campaigns.
How Big Is the Gout Therapeutics Market Size Expected to Grow by 2029?
Anticipation surrounds the gout therapeutics sector, projecting substantial expansion over the ensuing years, with market valuation projected to reach five billion US dollars by 2029, fueled by an impressive compound annual growth rate of 11.7 percent; this anticipated surge is underpinned by escalating healthcare outlays, sophistication in how medications are delivered, the advent of groundbreaking treatment modalities, governmental efforts focused on managing long-term illnesses, and the influence of patient support networks and advocacy organizations, while key developments shaping this period involve pioneering pharmaceutical progress, the introduction of newly authorized treatments, the adoption of individualized medical strategies, the utilization of remote care for gout oversight, and ongoing investigations into therapies designed to reduce uric acid levels.
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Which Key Market Drivers Powering Gout Therapeutics Market Expansion and Growth?
Anticipated increases in gout prevalence are projected to fuel the expansion of the gout therapeutics sector moving ahead. Gout, characterized as an inflammatory form of arthritis, manifests as joint pain and subsequent swelling. Treatments for gout serve to alleviate discomfort, reduce inflammation, and ease tenderness within the afflicted joints. Consequently, the escalating rate of gout occurrences is predicted to stimulate commercial activity within the market for gout treatments. To illustrate this point, the Australian Institute of Health and Welfare, a governmental body situated in the US, disclosed data in June 2024 indicating that gout was cited as an underlying or primary cause in 573 fatalities across Australia during 2022, which translates to a mortality rate of 2.2 deaths for every 100,000 residents. This heightened frequency of gout cases is thus serving as a major impetus for the market's development.
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Which Fast-Growing Trends Are Poised to Disrupt the Gout Therapeutics Market?
A leading developmental direction observed within the gout therapeutics sector is the increasing focus on novel product creation. Established industry participants are currently concentrating efforts on formulating pioneering therapies as a means to secure or enhance their competitive standing. Illustratively, Synlogic Inc., a pharmaceutical entity based in the United States, introduced its drug candidate, SYNB2081, for managing gout in August 2022. This specific synthetic biotic formulation was engineered with the purpose of reducing uric acid levels. Notably, SYNB2081 represents the second therapeutic compound to emerge from a research partnership established between Synlogic and Ginkgo, a biotechnology firm also situated in the U.S.
What Are the Emerging Segments in the Gout Therapeutics Market?
The gout therapeuticsmarket covered in this report is segmented -
1) By Type: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs); Corticosteroid; Diuretics
2) By Treatment: Xanthine Oxidase Inhibitor; Uricosuria Medication
3) By Disease Condition: Acute; Chronic
4) By End-Users: Hospitals; Specialty Clinics; Other End Users
Subsegments:
1) By Nonsteroidal Anti-Inflammatory Drugs (NSAIDs): Traditional NSAIDs; Selective COX-2 Inhibitors
2) By Corticosteroid: Oral Corticosteroids; Injectable Corticosteroids
3) By Diuretics: Thiazide Diuretics; Loop Diuretics
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Who Are the Global Leaders in the Gout Therapeutics Market?
Major companies operating in the gout therapeutics market include Sanofi-Aventis, AstraZeneca plc, LG Chem Ltd., GlaxoSmithKline Plc, Takeda Pharmaceuticals Co. Ltd., Boehringer Ingelheim International GmbH, Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Sandoz, Eisai Co. Ltd., Horizon Pharma Plc, Jiangsu HengRui Medicine Co. Ltd., Hikma Pharmaceuticals plc, Swedish Orphan Biovitrum AB, JW Pharmaceutical Corp, Lannett Company Inc, BioCryst Pharmaceuticals Inc., Selecta Biosciences Inc., Rigel Pharmaceuticals Inc., CymaBay Therapeutics Inc., GeneScience Pharmaceuticals Co. Ltd., Shanton Pharma
Which are the Top Profitable Regional Markets for the Gout Therapeutics Industry?
North America was the largest region in the gout therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gout therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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.
Gout Therapeutics Market Introduction
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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…
