Ankylosing Spondylitis Market Overview:
Ankylosing Spondylitis Market size was valued at USD 5.8 billion in 2021 and is projected to reach around USD 10.6 billion in 2030 exhibiting a CAGR of 9.0% in the forecasted period.
Ankylosing spondylitis is an inflammatory condition that can eventually lead to the fusion of certain vertebrae, or spine bones. This fusion might cause a slumped posture and reduce the spine’s flexibility. It may be challenging to breathe deeply if the ribs are impacted. If left untreated, ankylosing spondylitis is a complicated illness that can lead to some very dangerous consequences.
Many patients find that adhering to a regular treatment regimen helps control or minimize their symptoms and problems. Ankylosing spondylitis’s early warning signs and symptoms can include hip and lower back discomfort and stiffness, particularly in the morning and after periods of inactivity. Fatigue and neck ache are also frequent. The symptoms may get worse over time, get better, or stop happening randomly.
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Market Dynamics:
The axial skeleton, which includes the spine and sacroiliac joints, is the main target of ankylosing spondylitis (AS), a chronic inflammatory autoimmune disease. Pain, stiffness, and finally the fusion of the afflicted joints are its hallmarks. AS belongs to the group of spondee arthritis and usually appears in the early stages of adulthood. The inflammation has the potential to stimulate the growth of new bone over time, making the spine less flexible and more rigid. People with AS may experience severe disability as a result, and their quality of life may be diminished.
Applications for ankylosing spondylitis are mostly found in the medical and pharmaceutical fields. Researchers and pharmaceutical companies are hard at work creating and evaluating novel treatments and drugs to control AS symptoms and halt its progression.
An important factor is the rising incidence and diagnosis of AS. An increasing number of people are being correctly diagnosed and treated for AS a result of advancements in healthcare systems and diagnostic tools, which has increased the number of patients and raised demand for treatment alternatives.
Main Advantages for Organizations Involved
To clarify the next investment opportunities, the research offers a thorough analysis of the size of the worldwide ankylosing spondylitis market in addition to present trends and projections for the future.
It provides market analysis for the years 2021 to 2030, which can help the stakeholders take advantage of the current opportunities in the market for ankylosing spondylitis.
Thorough examination of the area aids in comprehending the local ankylosing spondylitis market, enables strategic business planning, and identifies prospects that are now there.
To comprehend the competitive outlook for the growth of the worldwide ankylosing spondylitis market, a complete analysis of the profiles and growth strategies of the major competitors is conducted.
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Market Segmentations:
By Drug Type
- Cosentyx
- Humoral
- Simony
- Remade
- Enbrel
- Camia
- Others
By Route of Administration
- Oral
- Parenteral
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Market Regional Analysis:
A number of factors, including its higher incidence and prevalence rate, easier access to improved diagnostic tools, acceptance of new ankylosing spondylitis treatment options, and superior health care infrastructure, North America is predicted to hold the largest market share in the global ankylosing spondylitis market in 2021.
Furthermore, major players’ actions promote market expansion in North America. Trial Spark and Novartis AG collaborated in January 2019 with the goal of expanding patient access to clinical trials. This collaboration will expedite the discovery of new treatments and shorten the enrolment period. Recently, trials to investigate a treatment for ankylosing spondylitis were started in several locations throughout New York.
However, because disease incidence is rising in developing countries like China, India, and Indonesia, it is expected that the Asia Pacific area would rise at the highest rate. Furthermore, China’s favourable reimbursement laws are fostering the expansion of the regional market.
Market Key Players:
- Amgen Inc.
- AbbVie Inc.
- Pfizer Inc.
- Novartis AG
- Bristol-Myers Squibb Company
- CELGENE CORPORATION
- Eli Lilly and Company
- Encore Pharmaceuticals
- Torrent Pharmaceuticals Ltd.
- UCB S.A.
- Johnson & Johnson Services, Inc.
- Other players
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