The major factor that is expected to drive the growth of the U.S. arthritis market is rising patient awareness of arthritis treatment, which leads to increased adoption of diagnosis and treatment. The sedentary lifestyle tradition leading to reduced indulgence in physical activities is also a major factor. There is a substantial rise in obesity and unhealthy food habits which is expected to increase the demand for Arthritis drugs.
Moreover, the geriatric population is most susceptible to arthritis, which is expected to boost the growth of the market. However, the high cost associated with medication and therapy is expected to hamper the growth of the market.
Various government initiatives to aid awareness and correct diagnosis of arthritis may boost the growth of the market.
The U.S. arthritis market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.2% in the forecast period of 2022 to 2029 and is expected to reach USD 78,400.47 million by 2029 from USD 36,046.73 million in 2021.
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U.S. Arthritis Market Country Analysis/Insights
The U.S. arthritis market is analysed and market size insights and trends are provided by country, type, product, drug type, medication type, route of administration, population type, end user and distribution channel as referenced above.
The U.S. is expected to dominate the arthritis market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to implementing awareness programs regarding the diagnosis and treatments of arthritis and research and development in the drugs for arthritis in the U.S. region further improves this market growth.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of U.S. brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing a forecast analysis of the country data.
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Competitive Landscape and U.S. Arthritis Market Share Analysis
The U.S. arthritis market competitive landscape provides details about the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company's focus on the U.S. arthritis market.
Some of the major players operating in the U.S. arthritis market are AbbVie Inc., Johnson & Johnson Services, Inc., Bristol-Myers Squibb Company, Amgen Inc., F. Hoffmann-La Roche Ltd, Novartis AG, Pfizer Inc., UCB S.A., Sanofi, Flexion Therapeutics Inc., Celltrion Healthcare Co., Ltd., Swedish Orphan Biovitrum AB, Bio-Rad Laboratories, Inc., Anika Therapeutics, Inc., Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., Teva Pharmaceuticals Industries Ltd., Bayer AG, Abbott, Apotex Inc., Samsung Bioepis (A Subsidiary of Samsung Biologics), Beckman Coulter Inc., among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market TimeLine Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs. Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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U.S. Arthritis Market Report Answers the Following Questions:
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What are the current trends and future projections for the U.S. Arthritis Market?
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What are the major drivers and challenges facing the U.S. Arthritis Market?
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How is the U.S. Arthritis Market segmented by product type?
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What is the market share of the leading players in the U.S. Arthritis Market?
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How has the COVID-19 pandemic impacted the U.S. Arthritis Market?
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What are the key distribution channels for timing devices in the global market?
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How is the U.S. Arthritis Market affected by the integration of new technologies?
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What is the impact of regulations and standards on the U.S. Arthritis Market?
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How is the U.S. Arthritis Market expected to evolve in the next five years?
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What are the opportunities for new market participants in the U.S. Arthritis Market?
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