Rheumatoid Arthritis Treatment Market Report
The Global 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. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Rheumatoid Arthritis Treatment market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global 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...
Impact of COVID-19 on Rheumatoid Arthritis Treatment Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Rheumatoid Arthritis Treatment Market is expected to grow from USD 23.1 billion in 2020 to USD 32.7 billion by 2026 at a CAGR of over 6% during the forecast period.
Figure: Global Rheumatoid Arthritis Treatment Market Size, 2020-2026 (USD Billion)
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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, caused inflammation in the joints.
Key players operating in the global Rheumatoid Arthritis Treatment Market are-
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.
Based on therapy type, the market has been segmented into symptomatic treatment, intermediate corticosteroid therapies, and disease-modifying antirheumatic drug (DMARD) therapies.
Geographically, the market in North America accounted for the largest market share in 2020.
The covid-19 outbreak did affect the growth of the rheumatoid arthritis treatment market negatively due to fear among the 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.
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Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
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The rheumatoid arthritis treatment market size is expected to reach USD 32.7 billion in the foreseeable future.
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 Rheumatoid Arthritis Treatment Market is expected to witness an impressive growth of 6% CAGR in the coming years.
North America accounted for the largest share of rheumatoid arthritis treatment market in 2020.
Asia-pacific is expected to register the fastest growth in the rheumatoid arthritis treatment market in the coming years.
Rheumatoid arthritis treatment manufacturers, Rheumatoid arthritis treatment suppliers, Rheumatoid arthritis treatment distributors, Organizations, Government bodies are the target audience in the rheumatoid arthritis treatment market.
Increasing prevalence of arthritis particularly among the geriatric populace across geographies, Increasing consumer awareness, growing emphasis on the development of advanced solutions by the market players are the factors driving the growth of rheumatoid arthritis treatment market.