The rare inflammatory disease treatment global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Rare Inflammatory Disease Treatment Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The rare inflammatory disease treatment market size has grown strongly in recent years. It will grow from $13.04 billion in 2023 to $13.82 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to advances in immunology research, the emergence of targeted therapies, increased prevalence and awareness, expanded use of biological agents, and development of orphan drug regulations.
The rare inflammatory disease treatment market size is expected to see strong growth in the next few years. It will grow to $17.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to accelerated drug development pipelines, growing investment in precision medicine, expanded access to advanced diagnostics, rising prevalence and diagnosis rates, and increasing patient advocacy and awareness efforts. Major trends in the forecast period include personalized treatment approaches, integration of digital health solutions, emphasis on patient-centered care, expansion of gene therapy options, and collaboration and data-sharing initiatives.
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Scope Of Rare Inflammatory Disease Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Rare Inflammatory Disease Treatment Market Overview
Market Drivers –
The increasing prevalence of autoimmune is expected to propel the rare inflammatory disease treatment market going forward. Autoimmune diseases refer to the immune system attacking healthy cells and tissues, resulting in inflammation and tissue damage. The rise of autoimmune diseases is due to genetic predisposition, environmental triggers, lifestyle changes, and improved diagnostic methods, which lead to better detection and recognition of these conditions. Rare inflammatory disease treatments are often utilized to reduce inflammation and prevent the immune system from attacking healthy tissues for patients with autoimmune conditions. For instance, in February 2021, according to the International Osteoporosis Foundation (IOF), a Switzerland-based government organization, more than 300 million people worldwide suffered from rare diseases, affecting 3.5% to 5.9% of the world’s population. Furthermore, in November 2022, according to Health Match, an Australia-based digital health company, there are around 150 rare kidney ailments, and these diseases have a high prevalence around the world, with 60–80 incidences per 100,000 people in America and Europe. Therefore, the increasing prevalence of autoimmune is driving the growth of the rare inflammatory disease treatment market.
Market Trends –
Major companies operating in rare inflammatory disease treatments are focused on developing advanced precision medicines such as monoclonal antibodies, to target a specific part of the immune system and gain a competitive edge in the market. Monoclonal antibodies are a critical therapeutic modality in rare inflammatory disease treatments, targeting particular pathways to alleviate symptoms and improve outcomes. For instance, in January 2022, Boehringer Ingelheim, a Germany-based pharmaceutical company, received approval from the U.S. Food and Drug Administration (FDA) for SPEVIGO. This monoclonal antibody blocks the signaling of interleukin-36 (IL-36). It is the first and only approved medication for treating GPP in adults and adolescents aged 12 years and older, weighing at least 88 pounds (40 kg). SPEVIGO is a targeted treatment that works to help inhibit the activity of the interleukin-36 receptor (IL-36R), a vital part of a signaling pathway within the immune system involved in generalized pustular psoriasis flares.
The rare inflammatory disease treatment market covered in this report is segmented –
1) By Drug Class: Biologics, Organic Compounds
2) By Mode Of Administration: Injectables, Oral, Other Administration Modes
3) By Indication: Ulcerative Colitis, Juvenile Rheumatoid Arthritis, Psoriatic Arthritis, Other Indications
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights –
North America was the largest region in the rare inflammatory disease treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rare inflammatory disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the rare inflammatory disease treatment market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co., Inc., AbbVie Inc., Bayer AG, Sanofi S.A., Bristol Myers Squibb, AstraZeneca Plc, Novartis AG, GlaxoSmithKline plc, Eli Lilly and Company, Gilead Sciences, Inc., Amgen Inc., Regeneron Pharmaceuticals, Inc., Biogen Inc., UCB S.A., Jazz Pharmaceuticals plc, Horizon Therapeutics plc, Kyowa Kirin Co., Ltd., BioMarin Pharmaceutical Inc., Mallinckrodt Pharmaceuticals, Sarepta Therapeutics, Inc., Cytokinetics, Incorporated, Orchard Therapeutics plc
Table of Contents
1. Executive Summary
2. Rare Inflammatory Disease Treatment Market Report Structure
3. Rare Inflammatory Disease Treatment Market Trends And Strategies
4. Rare Inflammatory Disease Treatment Market – Macro Economic Scenario
5. Global Rare Inflammatory Disease Treatment Market Size and Growth
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32. Global Rare Inflammatory Disease Treatment Market Competitive Benchmarking
33. Global Rare Inflammatory Disease Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rare Inflammatory Disease Treatment Market
35. Rare Inflammatory Disease Treatment Market Future Outlook and Potential Analysis
36. Appendix
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