- The manufacturing of drugs are considered under essential services and thus, the global rheumatoid arthritis drugs market has not been much affected.
- Drugs used for treatment of rheumatoid arthritis like tocilizumab and hydroxychloroquine have also been studied for treatment of the novel corona virus.
Impact Analysis – Rheumatoid Arthritis Drugs Market Research:
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Rheumatoid Arthritis 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 and Sub-segments:
The global rheumatoid arthritis drugs market is analyzed across drug class, administration, sales channel, and region. Based on drug class, the disease-modifying anti-rheumatic drugs segment contributed to nearly four-fifths of the global rheumatoid arthritis drugs market share in 2019 and is projected to retain its dominance throughout the forecast period. The non-steroidal anti-inflammatory drugs segment, on the other hand, is expected to portray the highest CAGR of 3.5% from 2020 to 2027.
Based on route of administration, the parenteral segment accounted for nearly three-fourths of the global rheumatoid arthritis drugs market revenue in 2019and is anticipated to rule the roost by 2027. Simultaneously, the oral segment would register the highest CAGR of 3.1% till 2027.
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Based on region, North America generated the highest in 2019, generating more than two-fourths of the global rheumatoid arthritis drugs market. At the same time, the Asia-Pacific region would showcase the fastest CAGR of 3.2% by 2027. The other two provinces studied in the report include Europe and LAMEA.
The key market players analyzed in the global rheumatoid arthritis drugs market report include Amgen Inc., UCB S.A., Eli Lilly and Company, Merck & Co., Inc., F. Hoffmann-La Roche Ltd, Johnson & Johnson, AbbVie Inc., Bristol-Myers Squibb Company, Novartis AG, and Pfizer Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Key Findings Of The Study
- By drug class, the DMARDs segment held largest rheumatoid arthritis drugs market share in 2019, and is expected to remain dominant throughout the forecast period.
- On the basis of route of administration, the parenteral segment held largest rheumatoid arthritis drugs market share in 2019, and is expected to remain dominant throughout the forecast period.
- According to sales channel, the over-the-counter drugs segment exhibits fastest growth, and is expected to grow at a CAGR of 3.2% from 2020 to 2027.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 3.2% during the forecast period.
Key Highlights from Rheumatoid Arthritis Drugs Market Study:
Revenue and Sales Estimation – Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are ascertained in Rheumatoid Arthritis Drugs industry evolution and predictive analysis.
FIVE FORCES ANALYSIS – In order to better understand Rheumatoid Arthritis Drugs market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Competition – Leading players have been studied from Rheumatoid Arthritis Drugs Industry depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
– APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
– North America (U.S., Canada, and Mexico)
– South America (Brazil, Chile, Argentina, Rest of South America)
– MEA (Saudi Arabia, UAE, South Africa)
The Latest Trends, Product Portfolio, Demographics, Geographical segmentation, and Regulatory Framework of the Rheumatoid Arthritis Drugs Market have also been included in the study.
Q2. What would be forecast period in the market report?
Q3. What is the market value of Rheumatoid Arthritis Drugs market in 2020?
Q4. Which is base year calculated in the Rheumatoid Arthritis Drugs market report?
Q5. Which are the top companies hold the market share in Rheumatoid Arthritis Drugs market?
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