Gout disease is a common form of inflammatory arthritis that occurs when uric acid crystals accumulate in the joints, typically in the big toe. It causes sudden and severe attacks of pain, swelling and tenderness in one or more joints. Rising consumption of alcohol, obesity rates and aging populations in developed nations have contributed to increase in gout prevalence globally. Global gout disease treatment market can witness growth as more treatment options become available and awareness increases about managing uric acid levels to prevent gout flares.
Market Dynamics:
Global gout disease treatment market growth is driven by growing geriatric population globally who are more prone to develop gout, rising obesity rates leading to higher risk of gout, increasing consumption of alcohol and purine-rich foods. Moreover, growing awareness about early diagnosis and treatment of gout to prevent joint damage, rising per capita healthcare expenditure in developing countries and new product approvals can drive the market growth. However, generic competition for allopurinol, side effects of drugs and patient non-adherence can hamper the market growth. The development of novel treatment targets and pipeline drugs with improved safety profiles can provide lucrative opportunities for market players.
Key Features of the Study:
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