Vasculitis Treatment Market Predicted to Reach $350.1 Million by 2031
Vasculitis is a rare autoimmune disease that causes inflammation in the blood vessels, leading to organ damage and other serious complications. While the disease can affect people of all ages, it is most commonly diagnosed in adults over the age of 50.
In recent years, there has been significant progress in the development of effective treatments for vasculitis, leading to an increase in the vasculitis treatment market. According to a recent report, the market was valued at $250.1 million in 2021 and is projected to reach $350.1 million by 2031, growing at a CAGR of 3.4% from 2022 to 2031.
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The major players profiled in the vasculitis treatment industry report are AbbVie Inc., Amgen Inc., Amneal Pharmaceuticals, Inc., F. Hoffmann-La Roche AG, GlaxoSmithKline plc, InflaRx NV, Novartis AG, Pfizer Inc., Staidson Biopharma Inc., and Teva Pharmaceuticals Industries Ltd.
Vasculitis Treatment Market Report Highlights
The vasculitis treatment market is segmented based on distribution channel, drug class, disease type, and region. In terms of distribution channel, the market is segmented into hospital pharmacies, drug store and retail pharmacies, and online pharmacies. Hospital pharmacies are expected to dominate the market during the forecast period, owing to the availability of a wide range of vasculitis treatments and the presence of trained healthcare professionals to provide guidance to patients.
Based on drug class, the vasculitis treatment market is segmented into corticosteroids and immunosuppressants and biologics. Corticosteroids and immunosuppressants are the most commonly prescribed medications for vasculitis, and are expected to dominate the market during the forecast period. However, the use of biologics is expected to grow at a faster rate, owing to their targeted action and reduced risk of adverse effects.
The market is further segmented based on disease type into small and medium vessel vasculitis and large vessel vasculitis. Within small and medium vessel vasculitis, the market is further segmented into ANCA-associated vasculitis and others. ANCA-associated vasculitis is the most common type of small and medium vessel vasculitis, and is expected to dominate the market during the forecast period. However, the incidence of other types of small and medium vessel vasculitis is also expected to increase during the forecast period.
Geographically, the vasculitis treatment market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the market during the forecast period, owing to the high prevalence of vasculitis in the region and the availability of advanced healthcare infrastructure. However, the market is expected to grow at a faster rate in Asia-Pacific, owing to the increasing prevalence of vasculitis in the region and the growing focus on improving healthcare infrastructure.
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