The rheumatology therapeutics market size has grown steadily in recent years. It will grow from $40.45 billion in 2023 to $42.4 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth during the historic period can be attributed to the rising prevalence of rheumatologic disorders, the increasing global aging population, growing awareness about treatment options, advancements in biological therapies, and the expansion of healthcare access in emerging markets.
The rheumatology therapeutics market size is expected to see steady growth in the next few years. It will grow to $51.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the shift towards personalized medicine approaches, the rising adoption of biosimilars in rheumatology, increased investment in research and development, the integration of digital health technologies, and regulatory approvals for novel therapies. Major trends anticipated during this period include the growth of telemedicine and remote monitoring solutions, the expansion of targeted therapies for specific rheumatic conditions, an emphasis on patient-centric care models, the extension of biologic treatments beyond monoclonal antibodies, and the adoption of value-based pricing models.
The increasing prevalence of autoimmune diseases is anticipated to drive the growth of the rheumatology therapeutics market. Autoimmune diseases occur when the immune system mistakenly attacks the body's own tissues. The rise in these diseases is attributed to genetic, environmental, and lifestyle factors, alongside increased awareness and improved diagnostics. Rheumatology therapeutics are essential for managing inflammation, alleviating symptoms, and preventing joint and tissue damage caused by these immune responses. For example, a June 2024 report from the Australian Institute of Health and Welfare, an Australian government agency, estimated that around 514,000 Australians, or 2% of the population, were living with rheumatoid arthritis in 2022. This condition accounted for 2% of the total disease burden and 16% of the burden for all musculoskeletal conditions in 2023. Consequently, the rising prevalence of autoimmune diseases is boosting the rheumatology therapeutics market.
Leading companies in the rheumatology therapeutics market are developing innovative solutions, such as intravenous (IV) formulations, to improve treatment efficacy and patient convenience. An intravenous (IV) formulation involves administering medication directly into a vein via a needle or catheter. For instance, in October 2023, Novartis AG, a Swiss pharmaceutical company, announced that the US Food and Drug Administration (FDA) had approved an IV formulation of Cosentyx. This version of Cosentyx is approved for treating adults with psoriatic arthritis (PsA), ankylosing spondylitis (AS), and non-radiographic axial spondyloarthritis (nr-axSpA). It works by specifically targeting and inhibiting interleukin-17A (IL-17A) and is the only non-tumor necrosis factor alpha (TNF-α) IV treatment available for these conditions.
In February 2024, Alfasigma S.p.A., an Italian pharmaceutical company, acquired the Jyseleca (filgotinib) business from Galapagos NV for $184.54 million. This acquisition has expanded Alfasigma's product portfolio with an innovative pharmaceutical targeting gastrointestinal and rheumatological treatments. Additionally, it strengthens Alfasigma's presence in European markets by integrating Jyseleca's business, including marketing authorizations across Europe and the UK, and operations in commercialization, medical affairs, and development. Galapagos NV is a Belgian manufacturer of rheumatology therapeutics.
Major companies operating in the rheumatology therapeutics market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis AG, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Janssen Biotech, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals, UCB S.A., Galapagos NV (GLPG), Genentech Inc.
North America was the largest region in the rheumatology therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rheumatology therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the rheumatology therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Rheumatology therapeutics include treatments designed to manage and alleviate the symptoms of rheumatic diseases such as arthritis, lupus, and gout. These therapies encompass medications such as anti-inflammatory drugs, disease-modifying antirheumatic drugs (DMARDs), and biologics, as well as physical therapy and lifestyle changes. The primary objective is to reduce inflammation, control pain, and enhance patients' quality of life.
The main categories of rheumatology therapeutics are disease-modifying antirheumatic drugs, nonsteroidal anti-inflammatory drugs, corticosteroids, uric acid drugs, and others. Disease-modifying antirheumatic drugs (DMARDs) are a class of medications intended to slow or alter the underlying disease process in rheumatoid arthritis and other autoimmune conditions, rather than merely alleviating symptoms. These drugs are available through hospital pharmacies, retail pharmacies, and online pharmacies and are used to treat conditions such as rheumatoid arthritis, osteoarthritis, gout, psoriatic arthritis, ankylosing spondylitis, and others.
The rheumatology therapeutics market research report is one of a series of new reports that provides rheumatology therapeutics market statistics, including rheumatology therapeutics industry global market size, regional shares, competitors with a rheumatology therapeutics market share, detailed rheumatology therapeutics market segments, market trends and opportunities, and any further data you may need to thrive in the rheumatology therapeutics industry. This rheumatology therapeutics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rheumatology therapeutics market consists of revenues earned by entities by providing services such as diagnostic services, telemedicine, rehabilitation services, and lifestyle and nutritional counseling. The market value includes the value of related goods sold by the service provider or included within the service offering. The rheumatology therapeutics market also includes sales of biologic response modifiers, janus kinase (JAK) inhibitors, analgesics, and immunosuppressants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The rheumatology therapeutics market size is expected to see steady growth in the next few years. It will grow to $51.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the shift towards personalized medicine approaches, the rising adoption of biosimilars in rheumatology, increased investment in research and development, the integration of digital health technologies, and regulatory approvals for novel therapies. Major trends anticipated during this period include the growth of telemedicine and remote monitoring solutions, the expansion of targeted therapies for specific rheumatic conditions, an emphasis on patient-centric care models, the extension of biologic treatments beyond monoclonal antibodies, and the adoption of value-based pricing models.
The increasing prevalence of autoimmune diseases is anticipated to drive the growth of the rheumatology therapeutics market. Autoimmune diseases occur when the immune system mistakenly attacks the body's own tissues. The rise in these diseases is attributed to genetic, environmental, and lifestyle factors, alongside increased awareness and improved diagnostics. Rheumatology therapeutics are essential for managing inflammation, alleviating symptoms, and preventing joint and tissue damage caused by these immune responses. For example, a June 2024 report from the Australian Institute of Health and Welfare, an Australian government agency, estimated that around 514,000 Australians, or 2% of the population, were living with rheumatoid arthritis in 2022. This condition accounted for 2% of the total disease burden and 16% of the burden for all musculoskeletal conditions in 2023. Consequently, the rising prevalence of autoimmune diseases is boosting the rheumatology therapeutics market.
Leading companies in the rheumatology therapeutics market are developing innovative solutions, such as intravenous (IV) formulations, to improve treatment efficacy and patient convenience. An intravenous (IV) formulation involves administering medication directly into a vein via a needle or catheter. For instance, in October 2023, Novartis AG, a Swiss pharmaceutical company, announced that the US Food and Drug Administration (FDA) had approved an IV formulation of Cosentyx. This version of Cosentyx is approved for treating adults with psoriatic arthritis (PsA), ankylosing spondylitis (AS), and non-radiographic axial spondyloarthritis (nr-axSpA). It works by specifically targeting and inhibiting interleukin-17A (IL-17A) and is the only non-tumor necrosis factor alpha (TNF-α) IV treatment available for these conditions.
In February 2024, Alfasigma S.p.A., an Italian pharmaceutical company, acquired the Jyseleca (filgotinib) business from Galapagos NV for $184.54 million. This acquisition has expanded Alfasigma's product portfolio with an innovative pharmaceutical targeting gastrointestinal and rheumatological treatments. Additionally, it strengthens Alfasigma's presence in European markets by integrating Jyseleca's business, including marketing authorizations across Europe and the UK, and operations in commercialization, medical affairs, and development. Galapagos NV is a Belgian manufacturer of rheumatology therapeutics.
Major companies operating in the rheumatology therapeutics market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis AG, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Janssen Biotech, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals, UCB S.A., Galapagos NV (GLPG), Genentech Inc.
North America was the largest region in the rheumatology therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rheumatology therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the rheumatology therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Rheumatology therapeutics include treatments designed to manage and alleviate the symptoms of rheumatic diseases such as arthritis, lupus, and gout. These therapies encompass medications such as anti-inflammatory drugs, disease-modifying antirheumatic drugs (DMARDs), and biologics, as well as physical therapy and lifestyle changes. The primary objective is to reduce inflammation, control pain, and enhance patients' quality of life.
The main categories of rheumatology therapeutics are disease-modifying antirheumatic drugs, nonsteroidal anti-inflammatory drugs, corticosteroids, uric acid drugs, and others. Disease-modifying antirheumatic drugs (DMARDs) are a class of medications intended to slow or alter the underlying disease process in rheumatoid arthritis and other autoimmune conditions, rather than merely alleviating symptoms. These drugs are available through hospital pharmacies, retail pharmacies, and online pharmacies and are used to treat conditions such as rheumatoid arthritis, osteoarthritis, gout, psoriatic arthritis, ankylosing spondylitis, and others.
The rheumatology therapeutics market research report is one of a series of new reports that provides rheumatology therapeutics market statistics, including rheumatology therapeutics industry global market size, regional shares, competitors with a rheumatology therapeutics market share, detailed rheumatology therapeutics market segments, market trends and opportunities, and any further data you may need to thrive in the rheumatology therapeutics industry. This rheumatology therapeutics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rheumatology therapeutics market consists of revenues earned by entities by providing services such as diagnostic services, telemedicine, rehabilitation services, and lifestyle and nutritional counseling. The market value includes the value of related goods sold by the service provider or included within the service offering. The rheumatology therapeutics market also includes sales of biologic response modifiers, janus kinase (JAK) inhibitors, analgesics, and immunosuppressants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Rheumatology Therapeutics Market Characteristics3. Rheumatology Therapeutics Market Trends and Strategies32. Global Rheumatology Therapeutics Market Competitive Benchmarking33. Global Rheumatology Therapeutics Market Competitive Dashboard34. Key Mergers and Acquisitions in the Rheumatology Therapeutics Market
4. Rheumatology Therapeutics Market - Macro Economic Scenario
5. Global Rheumatology Therapeutics Market Size and Growth
6. Rheumatology Therapeutics Market Segmentation
7. Rheumatology Therapeutics Market Regional and Country Analysis
8. Asia-Pacific Rheumatology Therapeutics Market
9. China Rheumatology Therapeutics Market
10. India Rheumatology Therapeutics Market
11. Japan Rheumatology Therapeutics Market
12. Australia Rheumatology Therapeutics Market
13. Indonesia Rheumatology Therapeutics Market
14. South Korea Rheumatology Therapeutics Market
15. Western Europe Rheumatology Therapeutics Market
16. UK Rheumatology Therapeutics Market
17. Germany Rheumatology Therapeutics Market
18. France Rheumatology Therapeutics Market
19. Italy Rheumatology Therapeutics Market
20. Spain Rheumatology Therapeutics Market
21. Eastern Europe Rheumatology Therapeutics Market
22. Russia Rheumatology Therapeutics Market
23. North America Rheumatology Therapeutics Market
24. USA Rheumatology Therapeutics Market
25. Canada Rheumatology Therapeutics Market
26. South America Rheumatology Therapeutics Market
27. Brazil Rheumatology Therapeutics Market
28. Middle East Rheumatology Therapeutics Market
29. Africa Rheumatology Therapeutics Market
30. Rheumatology Therapeutics Market Competitive Landscape and Company Profiles
31. Rheumatology Therapeutics Market Other Major and Innovative Companies
35. Rheumatology Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Rheumatology Therapeutics Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on rheumatology therapeutics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for rheumatology therapeutics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rheumatology therapeutics market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Drug Class: Disease Modifying Anti-Rheumatic Drugs; Nonsteroidal Anti-Inflammatory Drugs; Corticosteroids; Uric Acid Drugs; Other Drugs Classes2) By Distribution Channel: Hospital Pharmacy; Retail Pharmacy; Online Pharmacy
3) By Disease Indication: Rheumatoid Arthritis; Osteoarthritis; Gout; Psoriatic Arthritis; Ankylosing Spondylitis; Other Disease Indications
Key Companies Mentioned: Pfizer Inc.; Johnson & Johnson; Roche Holding AG; Merck & Co. Inc.; AbbVie Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 42.4 Billion |
Forecasted Market Value ( USD | $ 51.42 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |