The rheumatology therapeutics market is expected to witness market growth at a rate of 2.23% in the forecast period of 2021 to 2028 and is expected to reach USD 39,463.29 million by 2028.
Rheumatology refers to the discipline of internal medicine including the diagnosis and treatment of rheumatic diseases. Rheumatic diseases are defined as the inflammation that affects joints, tendons, ligaments, bones and sometimes organs. These diseases are also known as musculoskeletal disease causing severe pain, deformity and morbidity. The treatment tends to be highly expensive. Several types of rheumatic diseases with different symptoms are seen all across the world among all age groups.
The growth in awareness regarding the early diagnosis and treatment on symptoms of rheumatology disease and the increasing use of disease-modifying anti-rheumatic drugs (DMARD’s) for treatment of the respective disease act as the major factors driving the growth of rheumatology therapeutics . The increasing prevalence of rheumatology diseases, rising trend for fitness across the globe and growing acceptance of biopharmaceuticals accelerate the rheumatology therapeutics growth. The rising number of small molecules in the drug development pipeline as they are known to be less expensive than the biologics further influence the rheumatology therapeutics . Additionally, growth in geriatric population, technological advancements in pharmaceutical sector, increasing investments in healthcare industry and surge in healthcare expenditure of mid-earing population positively affect the rheumatology therapeutics . Furthermore, rise in the rate of launches of novel biologics drugs, increasing approvals and growing penetration of generic drugs extend profitable opportunities to the rheumatology therapeutics players in the forecast period of 2021 to 2028.
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Global Rheumatology Therapeutics Market: Major Players
Bristol-Myers Squibb Company
Pfizer, Inc.
Takeda Pharmaceutical
AbbVie, Inc.
Janssen Biotech, Inc.
Genentech, Inc.
Merck & Co., Inc
Novartis AG
Amgen, Inc.
Sanofi
Global Rheumatology Therapeutics Market: Types
Rheumatoid Arthritis
Osteoarthritis
Lupus
Gout
Ankylosing Spondylitis
Other
Global Rheumatology Therapeutics Market: Applications
Retail Pharmacy
Online Pharmacy
Hospitals
Other
Global Rheumatology Therapeutics Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Rheumatology Therapeutics report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Reasons to Procure this Report:
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Global Rheumatology Therapeutics market revenues at the worldwide, regional, and country levels with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
(C) The research includes the Global Rheumatology Therapeutics market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Global Rheumatology Therapeutics market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Global Rheumatology Therapeutics business predictions by region, key countries, and top companies’ information to channel their investments.
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