Rheumatoid Arthritis Market Overview:
According to the report published by Market Research Future (MRFR), the global rheumatoid arthritis market can expect robust growth during the forecast period (2016-2022). Rheumatoid arthritis is an autoimmune disorder that makes joints its primary targets. The joints get swollen, warm, and the disease makes it painful. The probability of joints from both sides getting affected is alarmingly high, like if the wrist gets affected on the left first, then a chance of the right becoming prone to the disease is relatively higher. The disease halts the ability to function properly on a daily basis and prevents natural movement. But the recent development in the drugs and other therapies are providing the market with much expansion possibility. MRFR in the report of the rheumatoid arthritis market includes segmental analysis in detail, along with a specific focus on drivers that can impact the market in the coming years. Updated profiles of the market players are also included to give the users an extra edge in understanding the said market.
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The aging population is a great market influencer. With age, bones become brittle and chances of contracting rheumatoid arthritis grow higher. At the same time, lifestyle-related changes can impact more, such as increasing cases of smoking and rising intake of alcohol and soda. The result is weakened bones. Increasing production of biologics & biosimilars drugs which aim at providing more personalized medicines can assist the rheumatoid arthritis market to grow. The market is getting a further fillip from the various organizations spending substantially in research and growing awareness regarding therapies.
Rheumatoid Arthritis Market Segmentation:
MRFR’s report on the global rheumatoid arthritis market has been segmented by drug type, diagnosis, and treatment.
Based on the drug type, the rheumatoid market can be segmented into steroids, non-steroidal anti-inflammatory drug type (NSAID), and disease-modifying anti-rheumatic drug type (DMARDs) and biologic agents.
On the basis of treatment, the rheumatoid market includes synovectomy, tendon repair, joint fusion, and total joint replacement.
Based on the diagnosis, the rheumatoid arthritis market includes C – reactive protein (CRP) test, CCP, ESR (Erythrocyte Sedimentation Rate) test, and synovial fluid analysis.
Rheumatoid Arthritis Market Regional Analysis:
Geographically, the rheumatoid arthritis market can be segmented into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
North America has the biggest market, and it is expected to remain so during the forecast period. The region can bank on the infrastructural superiority of the U.S., and Canada. Healthcare sector is also robust with investment pouring in from all quarters due to which the market can expect enough scope for expansion.
Europe, the second largest market for rheumatoid arthritis can expect to grow substantially during the forecast period. In Europe, France, Germany, Italy, Spain, and the United Kingdom (UK), have drug research facilities of the top order which can promote the regional market.
The APAC can expect the fastest CAGR during the forecast period. Countries such as India, China, Japan, and Australia are going to contribute considerably to the growth of the regional market. Medical tourism is fast gaining traction in the region which can fetch in revenue for the regional rheumatoid arthritis market.
Rheumatoid Arthritis Market Analyzed By Competitive Landscape:
Notable players in the rheumatoid arthritis market as mentioned in the MRFR report are AstraZeneca (U.K), Eli Lilly and company (U.S), Pfizer Inc (U.S), Bristol-Myers Squibb Company (U.S), F. Hoffmann-La Roche Ltd (Switzerland), Vertex Pharmaceuticals Incorporated (U.S), Novartis AG (Switzerland), Sanofi (France), and others.
MedUni Vienna researchers recently realized that methotrexate could work well against rheumatoid arthritis. In most cases, within the first three months, the symptoms go down considerably. Now ROS Therapeutics is planning to commercially produce the drug.
Northwestern Medicine’s multi-site study reveals that their ultrasound-guided techniques can now make a biopsy of the affected joint. Accordingly, physicians can prescribe medicine that would be much more direct and effective.
Table Of Content
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
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