Rheumatoid Arthritis Treatment Market is segmented by Therapy Type (Symptomatic Treatment, Intermediate Corticosteroid Therapies, Disease-Modifying Antirheumatic Drug (DMARD)), Therapies (Conventional DMARDs, Biologic DMARDs), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Drug Stores), and Region (North America, [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Rheumatoid Arthritis Treatment Market is segmented by Therapy Type (Symptomatic Treatment, Intermediate Corticosteroid Therapies, Disease-Modifying Antirheumatic Drug (DMARD)), Therapies...
The Rheumatoid Arthritis Treatment Market was estimated at US$ 23.1 billion in 2020 and is expected to grow at a CAGR of 6% during 2021-2026 to reach US$ 32.7 billion by 2026.
Rheumatoid Arthritis is an autoimmune and chronic inflammatory disorder that affects the joints. It can also damage other parts of the body including skin, lungs, heart, eyes, and blood vessels. It happens when the immune system attacks the body tissues by mistake and thus, causes inflammation in the joints.
By Therapy Type (Symptomatic Treatment, Intermediate Corticosteroid Therapies, Disease-Modifying Antirheumatic Drug)
By Therapies (Conventional DMARDs, Biologic DMARDs)
By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Drug Stores)
By Region (North America, Europe, Asia-Pacific, & the Rest of the World)
Dominant Region
North America is expected to be dominant throughout the forecast period.
Market Dynamics
The growth of the global rheumatoid arthritis treatment market is primarily driven by the increasing prevalence of arthritis particularly among the geriatric populace across geographies.
Increasing consumer awareness is expected to bolster market growth significantly.
Additionally, the growing emphasis on the development of advanced solutions by the market players is projected to propel market growth at a significant rate during the review period.
However, the high cost associated with rheumatoid arthritis treatment is likely to affect the market growth.
COVID-19 Impact
The COVID-19 outbreak did affect the growth of the rheumatoid arthritis treatment market negatively due to fear among people that patients having rheumatoid arthritis are more prone to COVID-19 and are likely to face more severe complications. The rheumatoid arthritis patients made significant changes in their medical use amid the COVID-19 outbreak and thus, affected the market growth.
Segments Analysis
Therapy Type Trends
The rheumatoid arthritis market has been segmented into symptomatic treatment, intermediate corticosteroid therapies, and disease-modifying antirheumatic drug (DMARD) therapies.
The DMARD segment has been further bifurcated into conventional DMARDs and biologic DMARDs.
The DMARD segment accounted for the largest market share in 2020 and is projected to grow at the fastest CAGR during the review period due to the increasing adoption of conventional DMARD therapy to treat rheumatoid arthritis.
Regional Analysis
Geographically, the market in North America accounted for the largest market share during the forecast period.
The market growth can be attributed to the expanding geriatric populace and the availability of advanced healthcare infrastructure.
The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising consumer awareness and the growing medical tourism industry in developing countries.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the global rheumatoid arthritis treatment market (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
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Report Features
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Rheumatoid Arthritis Treatment Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Target Audience
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
Manufacturers
Suppliers
Distributors
Organizations
Government bodies
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players).
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Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.
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Sanofi SA (France), Johnson & Johnson (The U.S), F. Hoffman-La Roche AG (Switzerland), Pfizer Inc. (The U.S), Eli Lilly & Company (The U.S), AbbVie Inc. (The U.S), Sobi Inc. (Sweden), Amgen Inc. (The U.S), UCB S.A. (Belgium) and Bristol-Myers Squibb Company (The U.S) are among the key players in the rheumatoid arthritis treatment market.
The increasing prevalence of arthritis particularly among the geriatric populace across geographies, increasing consumer awareness, and growing emphasis on the development of advanced solutions by the market players are the factors driving the growth of the rheumatoid arthritis treatment market.
Rheumatoid arthritis treatment manufacturers, Rheumatoid arthritis treatment suppliers, Rheumatoid arthritis treatment distributors, Organizations, and Government bodies are the target audience in the rheumatoid arthritis treatment market.
