Arthritis Market would rocket up to USD 8.63 Billion by 2030
Global Arthritis Market report not only aids to save valuable time but also adds credibility to the work that has been done to grow the business. By applying market intelligence for this market report, industry expert measure strategic options, summarize successful action plans and support companies with critical bottom-line decisions. To accomplish maximum return on investment (ROI), it’s very essential to be acquainted with market parameters such as brand awareness, market landscape, possible future issues, industry trends and customer behaviour where this report comes into play. Another major part of wide ranging Global Arthritis Market report is the competitive landscape which gives a clear insight into the market share analysis and actions of key industry players.
Data Bridge Market Research analyses that the global arthritis market, which was USD 4.3 billion in 2022, would rocket up to USD 8.63 billion by 2030 and is expected to undergo a CAGR of 9.10% during the forecast period. This indicates that the biologics segment dominates the rheumatoid drug type segment of the arthritis market. The advancements in technology have led to the development of rapid and implant drugs and treatments for various use. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:
The global arthritis market refers to the commercial and therapeutic landscape related to the diagnosis, treatment, and management of arthritis, a group of musculoskeletal conditions characterized by inflammation and stiffness of joints. Arthritis is a prevalent chronic disease that can affect people of all ages, causing pain, impaired mobility, and decreased quality of life.
The global arthritis market encompasses various products and services aimed at addressing the needs of patients with arthritis, including pharmaceuticals, biologics, medical devices, diagnostic tools, and supportive therapies. It also includes research and development activities, clinical trials, and the regulatory framework associated with arthritis treatments.
Drivers
- Increasing Prevalence of Arthritis
The rising prevalence of arthritis, including rheumatoid arthritis, osteoarthritis, and psoriatic arthritis, is a significant market driver. Factors such as aging populations, sedentary lifestyles, obesity, and genetic predisposition contribute to the growing number of arthritis cases worldwide.
- Growing Awareness and Diagnostics
There is an increasing awareness of arthritis and its impact on individuals’ quality of life. This has led to improved diagnosis rates and early detection of the disease. Greater awareness among both patients and healthcare professionals helps in timely intervention and treatment, driving the demand for arthritis management solutions.
- Advancements Treatment Options
The arthritis market has witnessed significant advancements in treatment options, including pharmacological interventions, biological therapies, and non-pharmacological approaches such as physical therapy and exercise. These innovations have improved the management of arthritis, providing patients with more effective and personalized treatment options.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Recent Development
- In December 2022, Merck KGaA, a leading science and technology company, announced a research collaboration and commercial license agreement with Mersana Therapeutics, Inc., Cambridge, Massachusetts, U.S.A, to discover novel antibody-drug conjugates (A.D.C.s) leveraging Mersana’s proprietary Immunosynthen STING-agonist A.D.C. platform, directed against up to two targets
- In February 2023, Roche announced that it had expanded its collaboration with Janssen Biotech Inc. (Janssen) to create companion diagnostics for targeted therapies, further strengthening research and innovation activities
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Some of the major players operating in the global arthritis market are:
- Johnson & Johnson Private Limited(U.S.)
- AbbVie Inc. (U.S.)
- Pfizer Inc. (U.S.)
- Amgen Inc. (U.S.)
- Bristol-Myers Squibb Company(U.S.)
- F. Hoffmann-La Roche Ltd.(U.S.)
- UCB S.A.(Belgium)
- Gilead Sciences, Inc. (U.S.)
- Boehringer Ingelheim International GmbH.(Germany)
- Lilly(U.S.)
- Sanofi (France)
- Novartis AG (Switzerland)
- AstraZeneca(U.S.)
- Astellas Pharma Inc.(Japan)
- Galapagos NV (Belgium)
- Taisho Pharmaceutical Holdings Co., Ltd.(U.K.)
- Regeneron Pharmaceuticals Inc.(U.S.)
- Swedish Orphan Biovitrum AB (publ) (Sweden)
- ABIOGEN PHARMA S.p.A (Italy)
- Kolon TissueGene, Inc.(U.S.)
- Ampio Pharmaceuticals Inc. .(U.S.)
- Merck Sharp & Dohme Corp. .(U.S.),
- GlaxoSmithKline plc (U.K.)
Arthritis Market Scope
Rheumatoid Drug Type
- Biologics
- Non-Biologics
- Steroids
- Analgesics
- Glucocorticoids
- Others
Rheumatoid Treatment
- Synovectomy
- Tendon Repair
- Joint Fusion
- Symptomatic Treatment
- Intermediate Corticosteroid Therapies
- DMARD Therapies
Rheumatoid Diagnosis
- C.R.P. Test
- CCP
- ESR Test
Osteoarthritis Type
- Hip
- Spinal
- Knee
- Foot and Ankle
- Shoulder
- Hand
Osteoarthritis Treatment
- Medication
- Drugs
- Assistive Devices
- Surgery
- Therapy
Osteoarthritis Diagnosis
- Imaging
- Joint Fluid Analysis
- Others
Route of Administration
- Oral
- Parenteral
End user
- Hospitals,
- Clinics
- Household
- Medical Institutes
- Research Organizations,
- Others
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-arthritis-market&Shri
Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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