Rheumatology Therapeutics Market

Rheumatology
Therapeutics Market Global Industry Insights,
Trends, Outlook, and
Opportunity Analysis,
2017–2025
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Rheumatology diseases affects the supporting or connecting structures of the body mostly joints, ligaments, muscles,
tendons, and rarely some organs of the body. This disease is characterized by inflammation of joints and it affects spine in
some types of rheumatology disease. There are more than 100 types of rheumatic disease. It is caused by various genetic
and environmental factors, such as unhealthy diet and changing lifestyle, which can lead to rheumatology diseases.
Osteoarthritis, ankylosing spondylitis, rheumatoid arthritis, gout, psoriatic arthritis, reactive arthritis, fibromyalgia, and
scleroderma are some of the common types of rheumatology diseases. Rheumatology treatment involves medications,
exercises, and physical therapies with surgical treatment to cure joint damage. Early treatment can be beneficial for
treatment of rheumatologic symptoms. Physicians prescribe disease-modifying antirheumatic drugs (DMARD’s) for the
treatment of rheumatologic disease. Sufficient nutrition, proper exercise, and medications can help to cure rheumatology
diseases.
Increasing burden of rheumatology diseases globally is propelling the growth of rheumatology therapeutics market
The increase in population with some sort of rheumatology arthritis globally is major driving factor for the rheumatology
therapeutics market. According to data given by Centers for Disease Control and Prevention (CDC) in 2013, around 52.5
million of adults in the U.S. have suffered from rheumatology arthritis, which equals to 23% of the population with 1% being
the prevalence rate of rheumatology diseases globally. According to the Global Burden of Disease 2010 study data,
prevalence rate for knee arthritis globally was 3.8% and for hip osteoarthritis was 0.85% globally. Additionally, technological
advancements in medical field, investments in the healthcare sector over research and development, and rising trend of
fitness are important factors contributing to the growth of rheumatology therapeutics market. According to the World Health
Organization (WHO) in 2014, government spent 15.5% on healthcare sector.
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Established healthcare sector of North America is contributing to the leading position of this region in
rheumatology therapeutics market
Regional segmentation of rheumatology therapeutics market by Coherent Market Insights comprises of North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates rheumatology
therapeutics market, owing to increasing population with rheumatology diseases, changing lifestyle, and
established medical and healthcare sector. According to Centers for Disease Control and Prevention (CDC),
around 27 million people are suffering with Clinical arthritis in the U.S, around 8 million people with Gout
syndrome, and 78 million adults are at risk to suffer from clinical arthritis till 2040. Asia Pacific is expected to
witness the growth in the rheumatology therapeutics market due to increase in patient population and developing
healthcare sector.
The key players are involved in doing licensing agreement with other manufacturers to hold the major
market share in rheumatology therapeutics market
Key industry players operating the rheumatology therapeutics market includes AstraZeneca, Rigel pharma, Abbott
Laboratories, Pfizer, Amgen, Janssen Biotech, Merck Co. Inc., Eli Lily, and Alder Biopharmaceuticals. Key players
are involved in the acquisitions and agreement with other companies to hold the maximum share. For instance,
licensing agreement of Bri Stol-Myers Squibb with Alder Biopharmaceuticals Company and the major acquisition of
Ardea Biosciences by AstraZeneca are one of the important agreements between 2007 and 2012.
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RHEUMATOLOGY THERAPEUTICS MARKET - GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2017–2025