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What is the Expected Growth Rate of the Gouty Arthritis Market from 2024 to 2033?
The gouty arthritis market is expected to grow from $3.21 billion in 2023 to $3.44 billion in 2024, at a CAGR of 7.2%. Factors contributing to this growth include a high prevalence of chronic diseases, increased alcohol consumption, an aging population, greater acceptance of regenerative therapies, and rising healthcare expenditures.

The gouty arthritis market is projected to grow robustly, expected to reach $4.57 billion by 2028 with a CAGR of 7.3%. Growth factors include improvements in healthcare infrastructure, rising obesity rates, increased gout incidence, and greater public awareness. Trends encompass a growing demand for effective treatments, regenerative therapies, and technological advancements.

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What Key Factors Are Fueling the Growth of the Gouty Arthritis Market?
The rising rates of obesity are expected to stimulate the gouty arthritis market’s growth. Obesity, a medical condition marked by excessive body fat, often assessed via body mass index (BMI), is on the rise due to increased intake of high-calorie processed foods and sedentary lifestyles. It contributes to gouty arthritis by elevating uric acid production and hindering its excretion, leading to uric acid crystal buildup in the joints. Additionally, excess weight increases stress on joints, worsening inflammation and pain. For instance, the World Health Organization reported in March 2022 that around 1 billion individuals globally, including 650 million adults, are classified as obese, with numbers continuing to grow. Projections suggest that by 2025, approximately 167 million people will face health issues due to excess weight. Therefore, the rising prevalence of obesity is fueling the gouty arthritis market’s growth.

What Are the Major Segments of the Gouty Arthritis Market?
1) By Type: Acute Gouty Arthritis, Chronic Gouty Arthritis
2) By Treatment: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Pain Reliever, Corticosteroids, Xanthine Oxidase Inhibitors, Uricosurics, Others Treatments
3) By Diagnosis: Joint Fluid Test, Blood Test, X-Ray Imaging, Ultrasound, Dual Energy Computed Tomography (CT) Scan, Other Diagnosis
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Others Distribution Channels
5) By End-Users: Hospitals, Specialty Clinics, Other End-Users

What New Trends Are Transforming the Gouty Arthritis Market?
In the gouty arthritis market, firms are developing novel treatments like cortrophin gel for more effective management. In October 2023, ANI Pharmaceuticals received FDA approval for a new 1-mL vial of Purified Cortrophin Gel, the only approved ACTH therapy for acute gouty arthritis flares.

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Which Regions Are Driving Growth in the Gouty Arthritis Market?
North America was the largest region in the gouty arthritis market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the gouty arthritis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Gouty Arthritis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gouty arthritis market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Gouty Arthritis Market Include

1. Gouty Arthritis Market Executive Summary
2. Gouty Arthritis Market Segments
3. Gouty Arthritis Market Size And Template Market Growth Rate
4.  Key Gouty Arthritis Market Trends
5. Major Gouty Arthritis Market Drivers
……
25. Key Mergers And Acquisitions In The Gouty Arthritis Market
26. Top Gouty Arthritis Companies
27. Gouty Arthritis Market Opportunities And Strategies
28. Gouty Arthritis Market, Conclusions And Recommendations
29. Appendix

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