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The Seropositive Rheumatoid Arthritis (RA) Drug Market is characterized by a dynamic interplay of various factors that influence its growth and evolution. These developments are meant to meet specific requirements of individuals with seropositive RA, an autoimmune ailment responsible for joint inflammation and pain. An important driver influencing market dynamics is the global prevalence of seropositive RA cases. The increasing recognition and diagnosis of the disease enhanced by growing aging population fuel demand for drugs targeting seropositive RA.
Due to the fact that seropositive RA can now be treated with targeted therapies, there has been a paradigm shift in the treatment landscape. Despite being essential conventional treatments such as DMARDs (disease-modifying anti-rheumatic drugs), biological and small molecule-based therapies are becoming popular. This is because these new approaches target specific pathways involved in diseases thus providing superior solutions for sick persons. Therefore it should be noted that this transition not only changed how these disorders are managed but also increased competition among firms striving to be key players in the industry.
Market dynamics within Seropositive RA Drug Market may be influenced by economic factors, reimbursement policies as well as healthcare infrastructure. Some of these issues include; cost-effectiveness of innovative medicines, patients’ access to medical services and ways through which they will be paid for them. The economic factors surrounding these cures play an important role in determining their availability across broader patient populations thereby shaping market movements and competitiveness.
In the United States, seropositive RA is on the rise hence increasing demand for drugs used to treat or manage it. It is characterized by presence of certain antibodies in blood stream. A number of factors have contributed to market demand for drugs targeting this specific type of rheumatoid arthritis with one of the major drivers being a rise in diagnosed cases.
Seropositive Rheumatoid Arthritis Drug Market Highlights:
Seropositive Rheumatoid Arthritis Drug Market Scenario:
The Seropositive Rheumatoid Arthritis Drug Market is expected to reach at 7.20% CAGR during the forecast period 2022-2030.Arthritis means inflammation in a joint. The inflammation is characterized by swelling, pain, and redness within the joint. This type of arthritis is known to cause chronic inflammatory disorder in the hands and feet.
There are two types of rheumatoid arthritis are seronegative rheumatoid arthritis and seropositive rheumatoid arthritis. Smoking and family history are considered as some of the major cause of rheumatoid arthritis.
The rising R&D of product pipeline along with the introduction of novel products are some of the major trends in this market. For instance, in February 2016, Pfizer received FDA approval for commercialization of XELJANZ XR (tofacitinib citrate) in the U.S. market. The company launched the product in Europe for the treatment of rheumatoid arthritis. In May 2017, Sanofi received FDA approval for Kevzara drug for its commercialization in the U.S. market. Kevzara is used in the treatment of active rheumatoid arthritis.
The seropositive rheumatoid arthritis drug market is expected to be driven by factors such as rising cigarette consumption, growing healthcare expenditure, increasing female population, and increasing obese population. However, the growth of this industry is hindered by increasing treatment costs and high cost associated with R&D. The seropositive rheumatoid arthritis drug market is rather concentrated with few pharmaceutical companies dominating the market through new drug approval.
The seropositive rheumatoid arthritis drug market is expected to grow at a CAGR of approximately 4.0% during the forecast period 2017-2023.
Intended Audience
- Seropositive Rheumatoid Arthritis Drug Suppliers
- Seropositive Rheumatoid Arthritis Drug Manufacturers
- Research and Development (R&D) Companies
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Research Methodology
 
Sources: Annual reports, Press release, White paper, and Company presentation
Segmentation
The seropositive rheumatoid arthritis drug market is segmented on the basis of the drug class, drug, treatment and diagnosis, route of administration, application, and end user.
On the basis of the drug class, the seropositive rheumatoid arthritis drug market is segmented into Non-steroidal anti-inflammatory drug type (NSAID), Steroids, and Disease-modifying anti-rheumatic drug type (DMARDs) and biologic agents.
On the basis of the drug, the seropositive rheumatoid arthritis drug market is segmented into Humira (adalimumab), Enbrel (etanercept), Remicade (infliximab), Rituxan (rituximab), Actemra (tocilizumab), Orencia (abatacept), and others.
On the basis of the treatment, the seropositive rheumatoid arthritis drug market is segmented into synovectomy, tendon repair, joint fusion, and total joint replacement.
On the basis of the diagnosis, the seropositive rheumatoid arthritis drug market is segmented into C -reactive protein (CRP) Test, CCP, ESR (Erythrocyte Sedimentation Rate) Test and Synovial Fluid Analysis.
On the basis of the route of administration, the seropositive rheumatoid arthritis drug market is segmented into oral, subcutaneous, intravenous, and others.
On the basis of the application, the seropositive rheumatoid arthritis drug market is segmented into medicine, scientific research, and others.
On the basis of the end user, the seropositive rheumatoid arthritis drug market is segmented into hospital, diagnostic centers, ambulatory surgical centers, and others
Regional Analysis
The seropositive rheumatoid arthritis drug market is segmented into the Americas, Europe, Asia Pacific and the Middle East and Africa.
The Americas dominated the overall market in terms of revenue in 2016 owing to the growing prevalence of arthritis, and rising cases of inflammation in the U.S.
Europe is the second largest rheumatoid market in the globe. The U.K is a major contributor to the European market. As per the National Rheumatoid Arthritis Society (NRAS), it was estimated that approximately 690,000 people suffer from rheumatoid arthritis in the U.K. Moreover, the government bodies are undertaking initiatives for the spreading awareness regarding rheumatoid arthritis is influencing the market growth.
The Asia Pacific is expected to be the fastest growing region, which accounts for more than 60% of the global population. The region has the potential to provide great opportunities for researchers to analyze the pathogenesis, epidemiology, and the factors that influence various manufacturers for expansion and setting up their manufacturing unit in this region.
The Middle East & Africa region contribute the least share of the seropositive rheumatoid arthritis market owing to the low R&D activities, lack of awareness, and poor medical facilities.
Key Players
Some of key the players in the seropositive rheumatoid arthritis drug market are Abbott Laboratories (U.S.), Johnson & Johnson Limited (U.S.), Novartis AG (Switzerland), Pfizer, Inc. (U.S.), and Eli Lilly and Company (U.S.), AbbVie Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Amgen (U.S.), Vertex Pharmaceuticals Incorporated (U.S), Sanofi-Aventis (France), AstraZeneca (U.K), Cadila Healthcare Ltd. (India), GlaxoSmithKline Inc. (U.S.), Merck and Co. Inc. (U.S.), and others
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