Rheumatoid Arthritis Drugs Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028

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The growing incidence for Rheumatoid Arthritis and growing awareness among people are driving the market.

The global Rheumatoid Arthritis Drugs Market is forecast to reach USD 37.41 Billion by 2028, according to a new report by Reports and Data. Rheumatoid arthritis is an inflammatory disease that affects the joints. The condition worsens over time unless the inflammation is slowed or stopped. The disease rarely goes into remission without treatment.

Arthritis medications play a crucial role in controlling the symptoms and progression of rheumatoid arthritis. Start of treatment soon after diagnosis is most effective, and the best medical care combines rheumatoid arthritis medications and other approaches. Statistics show that out of every 100,000 people, 41 are diagnosed with RA every year. Women are about 2-3 times more likely to get RA than men. Hormones in both genders may play a role in either preventing or triggering it.

Biologic agents that are used to treat RA need to be injected, and these Drugs are very effective in nature. They not only relieve symptoms but also halt any damage to joints, as they generally provide quick relief. One of the drawback of biologic agents are cost. Patients spend thousands of dollars a month using biologics. Another side effect include suppression of the immune system, enhancing the possibility of infections.

North America is expected to grow at a steady growth due to the increasing prevalence of rheumatoid arthritis and rising awareness about this disorder. Governments of North America are investing huge sums in improving the medical and healthcare facilities in the region.

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Market Overview:

The pharmaceutical and healthcare sector is rapidly growing over the recent years and is expected to witness vast changes due to current coronavirus outbreak. Factors such as rapid developments in the healthcare and medical sector, improvements in the healthcare infrastructure and facilities, rising healthcare expenditure and increasing adoption of telemedicine and ambulatory care services are fueling market growth. In addition, increasing investments in research and development activities, increasing preference for personalized medicines and point of care diagnosis and home care settings. 

Competitive Landscape:

The global Rheumatoid Arthritis Drugs market is extremely competitive and consists of several market players operating at global and regional levels. Key players are focusing on adopting various strategies such as RD investments product launches, mergers and acquisitions, partnerships to gain robust footing in the market and expand their product portfolio.

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Leading companies operating in the market and profiled in the report include:

Amgen Inc., Celgene Corporation, Boehringer Ingelheim GmbH, Johnson Johnson, Novartis AG, AbbVie Inc., Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, and Merck Co. Inc., among others.

Key questions addressed in the report:

  • What market size is the global Rheumatoid Arthritis Drugs market expected to reach over the forecast period?
  • Which factors are expected to hamper global market growth between 2021 and 2028?
  • Which key factors are expected to driver global Rheumatoid Arthritis Drugs market throughout the forecast period?
  • Which application segment is expected to register fastest revenue CAGR over the forecast period?
  • Which region is expected to register fastest revenue CAGR over the forecast period?
  • Which leading players are operating in the global Rheumatoid Arthritis Drugs market?
  • What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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Global Rheumatoid Arthritis Drugs market segmentation:

Drugs Class Outlook (Revenue, USD Billion; 2018-2028)

  • Corticosteroids
  • Non-steroidal Anti-inflammatory Drugs (NSAIDs)
  • Analgesics
  • Other Drugs Classes

Route of Administration Outlook (Revenue, USD Billion; 2018-2028)

  • Oral
  • Subcutaneous
  • Intravenous

Sales Channel Outlook (Revenue, USD Billion; 2018-2028)

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

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