Global Arthritic Therapeutic Market Size Study, By Product Type (NSAIDs, DMARDs, Biologics, Others), By Application (Rheumatoid Arthritis, Osteoarthritis, Psoriatic Arthritis, Ankylosing Spondylitis, Others), and Regional Forecasts 2022-2032

Global Arthritic Therapeutic Market Size Study, By Product Type (NSAIDs, DMARDs, Biologics, Others), By Application (Rheumatoid Arthritis, Osteoarthritis, Psoriatic Arthritis, Ankylosing Spondylitis, Others), and Regional Forecasts 2022-2032

The Global Arthritic Therapeutic Market is valued at approximately USD 83.87 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2024-2032. Arthritic therapeutics encompass a range of medical treatments designed to manage different types of arthritis, including rheumatoid arthritis and osteoarthritis. These treatments, which include NSAIDs, biologics, and advanced therapies, aim to enhance the quality of life for individuals by alleviating pain, reducing inflammation, and improving joint function. The growing geriatric population significantly drives the expansion of the arthritic therapeutic market. According to the World Health Organization (WHO), the global elderly population is expected to reach 1.4 billion by 2030, increasing the prevalence of arthritis. Consequently, the pharmaceutical industry is channeling efforts into developing various therapeutic solutions, including medications, biologics, and innovative treatments, to address this surge.

The market for arthritic therapeutics is experiencing robust growth, primarily driven by the rising prevalence of arthritis conditions, . As the number of diagnosed cases continues to rise, the demand for diverse therapeutics, including NSAIDs, biologics, and lifestyle modifications, grows, driving the continuous expansion of the arthritic therapeutic market. Moreover, the global focus on upgrading healthcare infrastructure is a crucial driver of arthritic therapeutic market growth. Enhanced healthcare infrastructure facilitates easier diagnosis, treatment, and management of arthritic conditions. This includes the establishment of specialized clinics, diagnostic facilities, and increased availability of arthritic therapies. Improved infrastructure not only enables prompt and accurate illness detection but also simplifies the administration of innovative and tailored medicines, supporting market growth. As healthcare systems advance, patients benefit from more efficient and comprehensive arthritis care, fueling market growth. This initiative aligns with the broader goal of addressing the rising prevalence of arthritis and improving overall public health outcomes. However, the arthritic therapeutic market faces challenges such as the availability of alternative and complementary therapies and the issue of insufficient diagnosis. Some individuals opt for non-conventional methods like acupuncture, herbal medicines, and dietary interventions instead of traditional medical treatments, impacting market growth. Additionally, lack of awareness and inadequate diagnosis delay treatment initiation, limiting market expansion. To overcome these challenges and provide timely access to suitable medical treatments, increased awareness of arthritis symptoms and improved diagnostic skills are essential for driving the arthritic therapeutic market's growth.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The North American region is both the leading and the fastest-growing region in the Arthritic Therapeutic Market. This dominance is primarily due to the high prevalence of arthritis and related conditions, coupled with a well-established healthcare infrastructure that supports advanced therapeutic treatments. The region boasts a high level of awareness about arthritis and its treatments among patients and healthcare providers, which drives demand for effective therapies. Additionally, North America is home to numerous leading pharmaceutical companies and research institutions that are at the forefront of developing innovative arthritis treatments. The availability of advanced diagnostic tools and a robust pipeline of new therapeutic agents further contribute to the region's market leadership. Factors such as favorable reimbursement policies, substantial healthcare spending, and ongoing investments in research and development also play a significant role in propelling the growth of the arthritic therapeutic market in North America.

Major market players included in this report are:

Viatris Inc.

Novartis AG

LEO Pharma

Bausch Health (Storz Ophthalmic Instrument)

Johnson & Johnson

Merck & Co., Inc.

AbbVie Inc.

Pfizer Inc.

Amgen Inc.

Celltrion Inc.

Roche Holding AG

Eli Lilly and Company

UCB S.A.

Bristol-Myers Squibb Company

Sanofi

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Non-steroidal Anti-inflammatory Drugs (NSAIDs)

Disease Modified Anti-rheumatoid Drugs (DMARDs)

Biologics

Others

By Application:

Rheumatoid Arthritis

Osteoarthritis

Psoriatic Arthritis

Ankylosing Spondylitis

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

South Africa

North Africa

Rest of MEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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