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Rheumatic Disorders Treatment Market Key Challenges And Growth Analysis 2022

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The global rheumatic disorders treatment market size was valued at USD 64.02 billion in 2021 and is poised to grow at a significant CAGR of 5.2% during the forecast period 2022-28. It also includes market size and projection estimations for each of the five major regions from 2022 to 2028. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the rheumatic disorders treatment market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

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The  rise in the incidence of number of indications within the rheumatic disorders and increase in prevalence of geriatric population are the major factors that are driving the growth of the market. The launch of new products (block buster products) coupled with the expiration of patent for the TNF inhibitors will drive the market over the forecast years. Based on Treatment, IL inhibitors and JAK inhibitors treatment segment is expected to grow at highest CAGR over the forecast years owing to soon expiry of TNF inhibitors and growing geriatric population enhances the growth of the market for rheumatic disorders treatment market. Market players in rheumatic disorders are having at least one marketed or pipeline rheumatic disorders products.

The global rheumatic disorders treatment market segmentation:
1) By Disease: Rheumatoid Arthritis, Osteoarthritis, Osteoporosis, Systemic Lupus Erythematosus, Psoriatic Arthritis, Gout, and Others
2) By Treatment: Narcotic Analgesics, NSAIDS, Corticosteroids, Disease-Modifying Anti-Rheumatic Drugs (DMARDs), Biologic Response Modifiers (Monoclonal Antibodies (mAb), TNF Inhibitors, Interleukin (IL) Inhibitors, JAK inhibitors), and Others.

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North America accounted for larger revenue share in global rheumatic disorders treatment market with significant CAGR owing to increase in prevalence of rheumatic disorders and OA is the most common disorder that affects almost 28 million adults in the United States alone. Moreover, presence of large number of market players and launch of new products coupled with the approval for new products and high investments in research and developments for the development of new product are the major factors enhancing the growth of the market.

The rheumatic disorders treatment market key players are AbbVie, Amgen, Astellas, AstraZeneca, Bristol-Myers Squibb, ChemoCentryx, Corbus Pharmaceuticals.

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