Rheumatic Disorders Drug Market Size And Forecast
Rheumatic Disorders Drug Market size was valued at USD 60.24 Billion in 2018 and is projected to reach USD 84.85 Billion by 2026, growing at a CAGR of 4.39 % from 2019 to 2026.
The economic and social burden of these diseases is huge, without improper approaches to management and control of these diseases, the impact is expected to increase as the population grows. The Global Rheumatic Disorders Drug Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Rheumatic Disorders Drug Market Definition
Rheumatic disorders are associated with joint tendons, ligaments, bones, and muscles. They are also called as musculoskeletal diseases. The field that studies these types of disorders is called rheumatology. At present, there are more than 200 distinct rheumatic diseases. Among which most common are osteoarthritis, rheumatoid arthritis (RA), lupus, Sjogren’s syndrome, gout, scleroderma, infectious arthritis, and juvenile idiopathic arthritis.
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Global Rheumatic Disorders Drug Market Overview
Rheumatic disorders are recognized among the oldest decease. The economic and social burden of these diseases is huge, without improper approaches to management and control of these diseases, the impact is expected to increase as the population grows. The increasing aging population and smoking population and certain occupations which lead to injury and overuse of joints are increasing the prevalence of rheumatic disorders.
The Centres for Disease Control and Prevention announced data estimating that 54.4 million U.S. adults suffer from arthritis – equating to about 25% of the population. Ongoing research on new biologic therapies is anticipated to spur growth by 2026. Lack of arthritis awareness in a rural region and alternative therapies is seen to have a negative influence on the growth of the market.
Global Rheumatic Disorders Drug Market Segmentation Analysis
The Global Rheumatic Disorders Drug Market is Segmented on the basis of Application, Medication, And Geography.
Rheumatic Disorders Drug Market, By Application
• Rheumatoid Arthritis
• Osteoarthritis
• Osteoporosis
• Systemic Lupus Erythematosus
• Psoriatic Arthritis
• Others
Based on Application, The market is classified into Rheumatoid Arthritis, Osteoarthritis, Osteoporosis, Systemic Lupus Erythematosus, Psoriatic Arthritis, and Others.
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Rheumatic Disorders Drug Market, By Medication
• Nonsteroidal anti-inflammatory medications
• Disease-modifying antirheumatic medications (DMARDs)
• Corticosteroids
• Biologics
• Other
Based on Medication, The market is classified into Nonsteroidal anti-inflammatory medications, Disease-modifying antirheumatic medications (DMARDs), Corticosteroids, Biologics, and Other.
Rheumatic Disorders Drug Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, The Global Rheumatic Disorders Drug Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Key Players
The “Global Rheumatic Disorders Drug Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as AbbVie, Amgen, Johnson & Johnson, Novartis, Pfizer, Roche, Eli Lilly, ChemoCentryx and Corbus Pharmaceuticals. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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