The Rheumatoid Arthritis Treatment is segmented by Therapy Type (Symptomatic Treatment, Intermediate Corticosteroid Therapies, Disease Modifying Antirheumatic Drug (DMARD) Therapies (Conventional DMARDs, Biologic DMARDs)), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Drug Stores), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Rheumatoid Arthritis Treatment market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
What is a Rheumatoid Arthritis Treatment Market?
Rheumatoid arthritis is an autoimmune and chronic inflammatory disorder that affects the joints. It can also damage other parts of the body including skin, lungs, heart, eyes, and blood vessels. It happens when the immune system attacks the body tissues by mistake and thus, caused inflammation in the joints.
Market Insights
The Global Rheumatoid Arthritis Treatment Market is expected to grow from USD 23.1 billion in 2020 to USD 32.7 billion by 2026 at a CAGR of over 6% during the forecast period.
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Market Dynamics
The growth of the global rheumatoid arthritis treatment market is primarily driven by the increasing prevalence of arthritis particularly among the geriatric populace across geographies.
- Increasing consumer awareness is expected to bolster the market growth significantly.
- Additionally, the growing emphasis on the development of advanced solutions by the market players is projected to propel market growth at a significant rate during the review period.
- However, the high cost associated with rheumatoid arthritis treatment is likely to affect the market growth.
Regional Analysis
Geographically, the market in North America accounted for the largest market share in 2020.
- The market growth can be attributed to expanding geriatric populace and the availability of advanced healthcare infrastructure.
- The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising consumer awareness and the growing medical tourism industry in developing countries.
COVID-19 Impact on Global Rheumatoid Arthritis Treatment Market
The covid-19 outbreak did affect the growth of the rheumatoid arthritis treatment market negatively due to fear among the people that patients having rheumatoid arthritis are more prone to covid-19 and are likely to face more severe complications. The rheumatoid arthritis patients made significant changes in their medical use amid the covid-19 outbreak and thus, affected the market growth.
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