Global Rheumatoid Arthritis Drugs Market

Rheumatoid Arthritis Drugs Market Size, Share, Growth Analysis, By Molecule(Pharmaceuticals, Biopharmaceuticals), By Sales Channel(Prescription, Over-the-counter (OTC)), By Region - Industry Forecast 2024-2031


Report ID: SQSG35I2003 | Region: Global | Published Date: October, 2024
Pages: 242 | Tables: 115 | Figures: 69

Rheumatoid Arthritis Drugs Market Dynamics

Rheumatoid Arthritis Drugs Market Driver

Increasing Prevalence of Rheumatoid Arthritis 

  • The increasing impact of rheumatoid arthritis around the globe is one of the most important propellers for the expansion of the global rheumatoid arthritis drugs market. As the case of elder population, that it is on the rise, and the eating habits of people are responsible for the incidence of this disease rheumatoid arthritis in addition there is a rising need for effective measures that will help treat this condition which enhances market development. 

Advancements in Drug Development 

  • The global rheumatoid arthritis drugs market is driven by improvisation in drug development including biologics, targeted therapy and JAK inhibitors. These allow for the use of more effective therapies that are also more customized resulting in better patient prognosis and a good quality of life. Due to aggressive research and advances in targeted therapies, the global rheumatoid arthritis drugs market trends are experiencing tremendous growth to keep up with patient demands. 

Rheumatoid Arthritis Drugs Market Restraints 

Side Effects and Safety Concerns 

  • Safety concerns surrounding the long-term use of certain rheumatoid arthritis drugs, especially biologics and JAK inhibitors, pose a restraint on market growth. Therapies such as these are usually avoided by both patients and healthcare providers due to their possible adverse effects like infections, cardiovascular complications, and cancer, which consequently hinders the speed of their acceptance and penetration in the market. 

Limited Access to Healthcare in Developing Regions 

  • The dearth of healthcare facilities and treatment alternatives in emerging countries serves as a significant region of limitation for the global rheumatoid arthritis drugs market. The weak healthcare system, the exorbitant costs of treatment and the lack of education in these regions hampers a lot of patients from seeking the required treatment thereby restricting the growth of the market. 
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Rheumatoid Arthritis Drugs Market size was valued at USD 23.61 billion in 2022 and is poised to grow from USD 25.01 billion in 2023 to USD 39.65 billion by 2031, growing at a CAGR of 5.93% in the forecast period (2024-2031).

Competitive Landscape  'AbbVie, Inc. (US) ', 'Boehringer Ingelheim International GmbH (Germany) ', 'Novartis AG (Switzerland) ', 'Regeneron Pharmaceuticals Inc. (US) ', 'Pfizer Inc. (US) ', 'Bristol Myers Squibb Company (US) ', 'F. Hoffmann-La Roche Ltd. (Switzerland) ', 'UCB S.A. (Belgium) ', 'Johnson & Johnson Services, Inc. (US) ', 'Amgen, Inc. (US) ', 'Lilly (Eli Lilly and Company) (US) ', 'CELGENE CORPORATION (US) ', 'Gilead Sciences, Inc. (US) ', 'Bausch Health (Canada) ', 'Merck & Co., Inc. (US) ', 'Viatris Inc. (US) ', 'LEO Pharma (Denmark) ', 'Celltrion Inc. (South Korea) ', 'Sun Pharmaceutical Industries Ltd. (India) ', 'Teva Pharmaceuticals Industries Ltd. (Israel)'

The increasing impact of rheumatoid arthritis around the globe is one of the most important propellers for the expansion of the global rheumatoid arthritis drugs market. As the case of elder population, that it is on the rise, and the eating habits of people are responsible for the incidence of this disease rheumatoid arthritis in addition there is a rising need for effective measures that will help treat this condition which enhances market development. 

Growing Adoption of Biologic Therapies: In the global rheumatoid arthritis drugs industry, medicaments for treatment are developing towards biologics applications which include monoclonal antibodies and JAK inhibitors. Such modern drugs provide targeted action and hence, more desirable results with fewer side effects. The increasing uptake is due to their efficacy in dealing with moderate to severe cases of rheumatoid arthritis. 

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. 

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Global Rheumatoid Arthritis Drugs Market

Report ID: SQSG35I2003

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