Comprehensive Anti-Inflammatory Therapeutics Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Anti-Inflammatory Therapeutics Market from 2024 to 2033?
The anti-inflammatory therapeutics market size has been steadily increasing, growing from $109.88 billion in 2023 to $114.71 billion in 2024, at a compound annual growth rate (CAGR) of 4.4%. This growth can be attributed to the rising prevalence of chronic diseases, an aging population, enhanced awareness, and government initiatives.
The anti-inflammatory therapeutics market is expected to experience steady growth, reaching $135.6 billion by 2028, with a CAGR of 4.3%. The growth will be driven by innovative therapies, increased healthcare spending, a focus on rare diseases, biologics, and biosimilars. Advancements in immunotherapy, AI, and ML in drug discovery, as well as expanded indications, will be major trends.
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What Key Factors Are Fueling the Growth of the Anti-Inflammatory Therapeutics Market?
The growing prevalence of inflammatory bowel disease (IBD) is expected to drive the expansion of the anti-inflammatory therapeutics market. IBD is a chronic condition that causes inflammation of the gastrointestinal tract. Anti-inflammatory treatments are vital in managing Crohn’s disease, reducing inflammation, alleviating symptoms, and minimizing the risk of surgery. According to Oxford University Press (OUP) in July 2023, IBD incidence was reported at 10.9 per 100,000 person-years, with a prevalence of 721 per 100,000 people. As IBD prevalence rises, the demand for anti-inflammatory therapeutics is set to increase.
What Are the Major Segments of the Anti-Inflammatory Therapeutics Market?
1) By Drug Class: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids, Anti-Inflammatory Biologics
2) By Indication: Arthritis, Respiratory Diseases, Multiple Sclerosis, Psoriasis, Inflammatory Bowel Diseases, Other Inflammatory Diseases
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Distribution
What New Trends Are Transforming the Anti-Inflammatory Therapeutics Market?
Major companies in the anti-inflammatory therapeutics market are introducing innovative drugs to strengthen their market position. For example, in February 2023, Regeneron Pharmaceuticals Inc. and Sanofi launched Kevzara (sarilumab), the first and only anti-inflammatory biologic for adult patients with polymyalgia rheumatica (PMR), a rheumatic condition, who do not respond well to corticosteroids or cannot undergo corticosteroid tapering.
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Which Regions Are Driving Growth in the Anti-Inflammatory Therapeutics Market?
North America was the largest region in the climate data analysis market in 2023. The regions covered in the climate data analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Anti-Inflammatory Therapeutics 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 anti-inflammatory therapeutics market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Anti-Inflammatory Therapeutics Market Include
1. Anti-Inflammatory Therapeutics Market Executive Summary
2. Anti-Inflammatory Therapeutics Market Segments
3. Anti-Inflammatory Therapeutics Market Size And Template Market Growth Rate
4. Key Anti-Inflammatory Therapeutics Market Trends
5. Major Anti-Inflammatory Therapeutics Market Drivers
……
25. Key Mergers And Acquisitions In The Anti-Inflammatory Therapeutics Market
26. Top Anti-Inflammatory Therapeutics Companies
27. Anti-Inflammatory Therapeutics Market Opportunities And Strategies
28. Anti-Inflammatory Therapeutics Market, Conclusions And Recommendations
29. Appendix
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