Global Market Share For Rheumatoid Arthritis Strategic Assessment and Forecast 

Overview The global market for Rheumatoid arthritis was valued at USD xx million in 2016. Its average annual growth rate is expected to be stable by more than xx...

Overview

The global market for Rheumatoid arthritis was valued at USD xx million in 2016. Its average annual growth rate is expected to be stable by more than xx between 2018 and 2026. The rheumatoid arthritis market in the Asia Pacific is developing with great growth potential at an annual growth rate of more than 3.0%, owing to the high prevalence of diseases, development of the health sector, and more research activities.

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Drivers and Restraints:

The world population is aging rapidly, particularly in some developed countries such as the United States, most of the countries of Western Europe and Japan. Developed countries have experienced high rates of aging compared to developing countries. This is due to improvements in medical care infrastructure, reimbursement policies and progress in health care institutions in these countries. In addition, easy access to various pharmacological treatments has improved in recent years, especially in developed countries. This, in turn, has increased the life expectancy of the population. The geriatric population is one of the main end users of rheumatoid arthritis drugs to improve the quality of their lives.

The increase in the number of elderly people is leading to a high rate of diseases, which probably stimulates the demand and consumption of various drugs. The demand for the development of new and improved biotechnological products, such as biosimilars and biologics, is increasing worldwide due to the effectiveness of pharmacological treatment. As a result, the main players in the rheumatoid arthritis drug market are investing in research and development programs to develop new drugs. In 2015, Takeda Pharmaceuticals invested USD 3.2 billion in research and development activities. According to an annual report published by GlaxoSmithKline plc, the company has partnered with more than 1,500 companies and other academic organizations around the world to develop new medicines. It is expected that greater investment in research and development programs by the main market players will significantly boost the market during the forecast period.

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Segmentation:

Based on distribution channel, the market can be segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is estimated to expand at a prominent growth rate during the forecast period, owing to the increase in number of hospitals.

Based on geography, the global market for medicines for rheumatoid arthritis is divided into five main regions, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. It is estimated that North America has a predominant participation in the world market during the forecast period, due to the high rate of adoption of biological medicines and advanced healthcare infrastructure in the region. Europe is expected to be an important part of the world market between 2018 and 2026. The increase in the incidence of rheumatoid arthritis in Europe is expected to boost the market in the region during the forecast period. The Asia-Pacific market is expected to grow rapidly during the forecast period because of the increase in health spending in the region. The drug market for rheumatoid arthritis in Latin America is currently at a turning point. It was valued at USD 866.1 million in 2016 and is expected to expand significantly in the near future.

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 Key Players In Rheumatoid Arthritis

The key players profiled in the report include Pfizer, Inc., Novartis AG, Sanofi S.A., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Bristol-Myers Squibb Company, Eli Lilly and Company.

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