The Global Scleroderma Therapeutics Market Size accounted for USD 2,912 Million in 2021 and is estimated to achieve a market size of USD 5,018 Million by 2030 growing at a CAGR of 6.4% from 2022 to 2030.
Scleroderma Therapeutics Market Statistics
- Global scleroderma therapeutics market revenue was worth USD 2,912 million in 2021, with a 6.4% CAGR from 2022 to 2030
- North America region leads with more than 37% scleroderma therapeutics market share in 2021
- Asia-Pacific region is projected to expand at a CAGR of 6.8% from 2022 to 2030
- Among drug type, the immunosuppressors segment has captured 60% of total market in 2021
- Growing emphasis of pharmaceutical manufacturers on developing novel treatments, propels the scleroderma therapeutics market size
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Scleroderma Therapeutics Market Report Coverage:
|Market||Scleroderma Therapeutics Market|
|Scleroderma Therapeutics Market Size 2021||USD 2,912 Million|
|Scleroderma Therapeutics Market Forecast 2030||USD 5,018 Million|
|Scleroderma Therapeutics Market CAGR During 2022 – 2030||6.4 %|
|Scleroderma Therapeutics Market Analysis Period||2018 – 2030|
|Scleroderma Therapeutics Market Base Year||2021|
|Scleroderma Therapeutics Market Forecast Data||2022 – 2030|
|Segments Covered||By Drug Class, By Indication, And By Geography|
|Scleroderma Therapeutics Market Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Active Biotech AB, Daval International Ltd., BioLineRx, Ltd., Corbus pharmaceuticals, Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Angion Biomedica Corp., Fibrocell Science, Inc., Bayer AG, Bristol-Myers Squibb Company, Allergan, Inc., and Dynavax Technologies Corporation.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Scleroderma Therapeutics Market Overview
Scleroderma is a catch-all term for a collection of autoimmune diseases that cause changes in blood vessels, muscle, skin, as well as other organs. Scleroderma symptoms include thick & steep skin, sleepiness, and poor blood flow to distal extremities including fingers and toes when exposed to cold. Scleroderma deposition can also be caused by calcium deposits, Raynaud’s disease, and esophageal problems. Scleroderma, with an increasing prevalence and diagnostic rate, is the primary factor of the scleroderma therapeutics industry. Scleroderma incidence in the United States is 240 per million, with an incidence rate of 19 per million. Along with this, scleroderma is predicted to affect 10-15% of the population in Europe.
Additionally, the use of silica, aromatic & chlorinated solvents, ketones, or fumes, as well as the development of extremely sensitive and selective skin biopsies and blood tests, is driving significant market expansion. The exposure is increasing as the risk level variables rise. Due to poor demand elasticity, the increased recurrence and transmission of the illness to systemic mortality caused by cardiac, lung, and gastrointestinal disorders leads to a large market. The annual incidence of Systemic Scleroderma is estimated to be approximately 3 per 100,000 people. Because scleroderma usually begins in middle age, the growing elderly population seems to be another market driver.
Scleroderma Therapeutics Market Growth Factors
- Rising incidence of scleroderma illness
- Growing genetic disorder rates, as well as harsh environmental conditions
- Increasing emphasis on developing new medications by medical companies
Scleroderma Therapeutics Market Dynamics
The world’s leading therapeutic and diagnostic scleroderma producers will invest in new opportunities for growth and development. This includes more research, stronger collaboration with health centers and hospitals, and collaboration with the drug industry. Small and medium-sized vendors in the scleroderma therapeutics market are also expected to implement new innovation strategies.
The global industry’s demand for scleroderma therapeutics has escalated due to advancements in skin diagnostics. Scleroderma diagnostics have recently gained popularity in a wide range of sectors of the healthcare sector. This is due to the importance of such a diagnosis for patients’ overall health. Skin examinations have grown very common in the medical community, which has further aided the scleroderma therapeutics market growth. The popularity of various imaging technologies created numerous opportunities in the global scleroderma therapeutics markets trend.
Furthermore, the usage of electrocardiograms has reduced the prevalence of heart diseases in recent years. Since electrocardiogram-related screenings are vulnerable to the diagnosis of scleroderma as well as treatments, the global market has made significant revenues as a result of this trend. The requirement for pulmonary function testing has created increased demand in the market. The rising popularity of electrocardiography is expected to help the global scleroderma therapeutics industry.
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Scleroderma Therapeutics Market Segmentation
The global scleroderma therapeutics market has been segmented by Acumen Research and Consulting based on drug class, and indication. By drug class, the segment is separated into immunosuppressors, phosphodiesterase 5 inhibitors – PHA, calcium channel blockers, analgesic, prostacyclin analogues, endothelin receptor antagonists, and others.
In terms of indication, the market is further categorized into systemic, and localized. According to the scleroderma therapeutics market forecast, the systemic segment is expected to lead the market in the approaching years. Due to the use of expensive immunosuppressants, systemic indications comprise the majority of the scleroderma therapeutics market share.
Scleroderma Therapeutics Market Regional Overview
The global scleroderma therapeutics market is separated into several geographic regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. According to the scleroderma therapeutics industry analysis report, North America is expected to be the top revenue-generating region in 2021. North America is the most mature region of this industry. The presence of solid governance laws and finance programs, together with high market penetration levels, is the primary driver of regional market growth. In addition, a huge number of research studies are scheduled to take place in the region to increase the performance and development of new products.
Besides that, the Asia-Pacific has evolved into the fastest-growing market because of the large number of unsatisfied patient needs and the resulting increase in utilization. Furthermore, favorable government policies are expected to fuel market development in Australia and Japan throughout the projection period.
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Scleroderma Therapeutics Market Players and Strategies
Strategic activities such as mergers and acquisitions, collaborations, and international operations create competitive market dynamics. They concentrate on adopting development initiatives such as product offerings expansion, mergers & acquisitions, and advertising operations in order to increase their presence in underserved regions around the world.
Some of the prominent scleroderma therapeutics market companies are Active Biotech AB, BioLineRx, Ltd., F. Hoffmann-La Roche Ltd., Angion Biomedica Corp., Bayer AG, Allergan, Inc., Corbus pharmaceuticals, Inc., GlaxoSmithKline plc, Fibrocell Science, Inc., Bristol-Myers Squibb Company, Daval International Ltd., and Dynavax Technologies Corporation.
Questions Answered By This Report
- What was the market size of Scleroderma Therapeutics Market in 2021?
- What will be the CAGR of Scleroderma Therapeutics Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Scleroderma Therapeutics Market?
- Which region held the largest share in Scleroderma Therapeutics Market in 2021?
- What are the key market drivers of Scleroderma Therapeutics Market?
- Who is the largest end user Scleroderma Therapeutics Market?
- What will be the Scleroderma Therapeutics Market value in 2030?
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