In-Depth Insights into the Gout Therapeutics Market: Growth, Trends, and Opportunities for 2025-2034
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What key factors are powering the surge in the gout therapeutics market right now?
In recent times, the market size for gout therapeutics has witnessed a swift escalation. The market’s growth projection is from $2.88 billion in 2024 to $3.23 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. The past growth can be attributed to several factors including an upsurge in gout prevalence, alterations in lifestyle and dietary practices, rising incidences of diabetes and hypertension, advancement in xanthine oxidase inhibitors, and initiatives towards patient education.
How fast Is the gout therapeutics market expected to grow, and what’s its future value?
The market size for gout therapeutics is predicted to expand considerably in the forthcoming years, reaching $5.03 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. Factors contributing to this predicted growth over the forecast period include increasing expenditures in healthcare, advancements in the systems used for drug delivery, the advent of new therapies, chronic disease management initiatives by the government, and the presence of patient advocacy and support groups. Key trends expected during the forecast period are the development of innovative drugs, the approval of novel drugs, the implementation of personalised medicine methods, the application of telehealth services for managing gout and research into therapies that lower urate levels.
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What are the leading drivers of growth in the gout therapeutics market?
The gout therapeutics market is predicted to experience significant growth due to the increasing cases of gout. Gout is an inflammatory arthritis disorder that results in joint pain and swelling, and gout therapeutics aims to alleviate these symptoms. Consequently, a surge in gout prevalence could lead to an uptick in the gout therapeutics market. For example, the Australian Institute of Health and Welfare, an American government agency, reported in June 2024 that gout was responsible for 573 deaths in Australia in 2022, translating to 2.2 fatalities per 100,000 individuals. Therefore, the escalating instances of gout is contributing to the expansion of the gout therapeutics market.
What are the key segments defining the gout therapeutics market?
The gout therapeutics market covered in this report is segmented –
1) By Type: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroid, Diuretics
2) By Treatment: Xanthine Oxidase Inhibitor, Uricosuria Medication
3) By Disease Condition: Acute, Chronic
4) By End-Users: Hospitals, Specialty Clinics, Other End Users
Subsegments:
1) By Nonsteroidal Anti-Inflammatory Drugs (NSAIDs): Traditional NSAIDs, Selective COX-2 Inhibitors
2) By Corticosteroid: Oral Corticosteroids, Injectable Corticosteroids
3) By Diuretics: Thiazide Diuretics, Loop Diuretics
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Who are the key players steering the development of the gout therapeutics market?
Major companies operating in the gout therapeutics market include Sanofi-Aventis, AstraZeneca plc, LG Chem Ltd., GlaxoSmithKline Plc, Takeda Pharmaceuticals Co. Ltd., Boehringer Ingelheim International GmbH, Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Sandoz, Eisai Co. Ltd., Horizon Pharma Plc, Jiangsu HengRui Medicine Co. Ltd., Hikma Pharmaceuticals plc, Swedish Orphan Biovitrum AB, JW Pharmaceutical Corp, Lannett Company Inc, BioCryst Pharmaceuticals Inc., Selecta Biosciences Inc., Rigel Pharmaceuticals Inc., CymaBay Therapeutics Inc., GeneScience Pharmaceuticals Co. Ltd., Shanton Pharma
What emerging trends are influencing the growth of the gout therapeutics market?
The prevailing trend in the gout therapeutics market is product innovation. To maintain their market position, leading companies in the gout therapeutics market are creating cutting-edge treatments. For instance, Synlogic Inc., an American pharmaceutical company, introduced SYNB2081, a novel drug candidate for treating gout, in August 2022. SYNB2081, designed to reduce uric acid levels, is a synthetic biotic and the second clinical drug candidate produced through the joint research venture between Synlogic and Ginkgo, an American biotech firm.
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Which regions are most influential in expanding the gout therapeutics market?
North America was the largest region in the gout therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gout therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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