Report ID: SQSG35I2003
Report ID:
SQSG35I2003 |
Region:
Global |
Published Date: October, 2024
Pages:
242
|
Tables:
115 |
Figures:
69
North America is dominating the global rheumatoid arthritis drugs market due to a combination of factors, including high healthcare spending, advanced healthcare infrastructure, and robust research and development activities. The region has a vast clientele base, due to the changing age demographics, increasing rheumatoid arthritis awareness resulting in a greater need for new therapies. Besides, the region is also advanced in therapeutics with access to state-of-the-art biologics, DMARDs, JAK inhibitors alongside an improving drug regulatory regime which fast-tracks drug registration processes. Furthermore, the existence of large pharmaceutical corporations and the rise of individualized medicine are other reasons as to why North America has the highest market share for rheumatoid arthritis therapeutics.
Asia Pacific is the fastest-growing region in the global rheumatoid arthritis drugs market due to rapid economic growth, expanding healthcare access, and increasing healthcare awareness. The elderly demographic trend of the region, especially in nations like Japan and China, is responsible for the growing incidences of rheumatoid arthritis which has enhanced the need for effective treatment options. In addition, the enhancement of the health care system as well as increased investments in health care and existence of the middle class has led to access to high quality advanced therapies such as biologics and DMARDs for rheumatoid arthritis treatments. Other factors include the increasing trend of personalized medicine in the region along with the conducive regulations which boost innovations that make Asia Pacific a region with high potential for market expansion.
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Report ID: SQSG35I2003