Overview
SLE (Systemic Lupus Erythematosus) is an autoimmune disease that lasts for years. It is marked by an overabundance of antibodies that assault the body’s own cells and essential organs. Joint discomfort, swelling, rashes across the face (butterfly rash) and other body areas, extreme tiredness, hair loss, anemia, and Raynaud’s phenomenon are some of the indications linked with the condition. SLE can damage key bodily organs including the heart, kidneys, and lungs, as well as cause behavioral abnormalities. Although the exact origins of SLE are unclear, genetic and environmental factors may play a role. Although there is no cure for SLE, symptomatic therapy can be used to reduce or remove signs associated with the condition.
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Drivers
One of the key reasons driving the growth of the global systemic lupus erythematosus treatment market is an increase in the prevalence of SLE. According to a 2017 research published in the Expert Review of Clinical Immunology, worldwide incidence rates ranged from 0.3 to 23.7 per 100,000 people, with prevalence rates ranging from 6.5 to 178.0 per 100,000 people.
Partnerships between key firms for research and development in systemic lupus erythematosus are projected to boost the global systemic lupus erythematosus treatment market growth. In 2015, 23andMe, Inc., a genomic mapping business, teamed up with Pfizer, Inc. to research and understand the genetics of lupus in order to find treatments for it.
Additional trend anticipated to help the global systemic lupus erythematosus treatment market’s expansion is an increase in product approvals for the treatment of SLE. The subcutaneous version of GlaxoSmithKline’s biologic medicine belimumab for the treatment of systemic lupus erythematosus was approved by the US Food and Drug Administration in July 2017.
Clinical guidelines allowing biologics to be used in the treatment of systemic lupus erythematosus would help the market grow even further.
Restraints
The expense of treating systemic lupus erythematosus is prohibitively high, making therapy expensive. Biological medicines are covered by Medi Claim; nevertheless, unfavorable reimbursement scenarios for novel pharmaceuticals and biologics may limit their uptake, which is likely to have a negative impact on market growth.
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Regional Analysis
During the forecast period, North America is projected to be the most prominent region in the global systemic lupus erythematosus treatment market. This is due to the fact that this region has a stronger influence of SLE than other areas. In May 2017, the incidence and prevalence of SLE in North America were 23.2 per 1,000 people and 241 per 1,000 people, respectively, as per a research conducted in the Rheumatology Journal. Another factor contributing to the market’s growth in North America is the presence of a large number of market participants. GlaxoSmithKline, F. Hoffmann-La Roche Ltd, and Bristol-Myers Squibb, all major companies in the systemic lupus erythematosus industry, have a strong presence in this region.
Competitive landscape
Major companies contributing in the global systemic lupus erythematosus treatment market include Eli Lilly and Company, Bristol-Myers Squibb, Immupharma Plc, Lycera Corporation, F. Hoffmann-La Roche Ltd, Mylan N.V., GlaxoSmithKline Plc., Sandoz International GmbH, Anthera Pharmaceuticals Inc., Aurinia Pharmaceuticals Inc., Sanofi, Merck KGaA, and Pfizer Limited.
Reasons to Purchase this Report
Current and future of global Systemic Lupus Erythematosus Treatment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Companies in the market are working on new therapies for the treatment of systemic lupus erythematosus, which will help the market expand. Lupozor, a drug developed by Immupharma plc., completed a phase 3 clinical study in December 2017 after receiving fast-track designation from the US Food and Drug Administration. Merck Serono’s Atacicept concluded a phase 2 study in February 2018. GlaxoSmithKline plc launched a phase III clinical study in March 2018 to treat patients with systemic lupus erythematosus with a combination of belimumab and rituximab, which is anticipated to be more effective than a single medication.
In mild to moderate SLE, antimalarials are often utilized, whereas glucocorticoids and NSAIDS are routinely used in mild to moderate SLE. These are also the chosen treatments in cases of SLE complications, such as organ damage caused by the illness. Due to their established efficacy in decreasing symptoms and greater usage in SLE situations with organ complication, NSAIDS and immunosuppressive medicines have a bigger market share than other classes.
With superior results and increased therapeutic response, the biologics medicines category is steadily gaining traction in the market. Physicians’ trust in biologics as a therapy for systemic lupus erythematosus is growing as a result of new guidelines for their usage.
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Major Point Answered in Systemic Lupus Erythematosus Treatment Market Research Study are:
What will be the progress rate of the Systemic Lupus Erythematosus Treatment Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Systemic Lupus Erythematosus Treatment Market across different regions?
Who are the major vendors dominating the Systemic Lupus Erythematosus Treatment industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Systemic Lupus Erythematosus Treatment Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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