Gout Therapeutics Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Gout Therapeutics Market?
The escalating prevalence of gout is anticipated to stimulate the expansion of the gout therapeutics market. This particular type of inflammatory arthritis causes discomfort and joint swelling, which is addressed by gout therapeutics to alleviate symptoms including tenderness, pain and inflammation. Hence, the escalating prevalence of gout is predicted to elevate the sales in the gout therapeutics market. For example, the Australian Institute of Health and Welfare, an agency vested by the US government, disclosed that an underlying cause of 573 deaths in Australia in 2022 was gout, corresponding to 2.2 fatalities for every 100,000 individuals. It is due to this increasing incidence of gout that the gout therapeutics market is experiencing growth.
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How Has the Gout Therapeutics Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market size for gout therapeutics has seen a rapid rise in the past few years. It is projected to expand from $2.88 billion in 2024 to $3.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.2%. The historical growth can be traced back to factors such as a higher incidence of gout, changes in lifestyle and eating habits, widespread occurrence of high blood pressure and diabetes, the advent of xanthine oxidase inhibitors, as well as initiatives towards patient education.
Anticipated to witness swift expansion in the coming years, the market size of gout therapeutics is projected to reach $5.03 billion by 2029, with a compound annual growth rate of 11.7%. The market growth during the forecast period can be ascribed to factors such as increased spending on healthcare, advancements in drug delivery systems, the emergence of new therapy forms, governmental action plans for managing chronic diseases, and the presence of groups providing advocacy and support for patients. Noteworthy trends for the forecast period are innovative developments in medication, the approval of unique drugs, the advent of personalized medicine, the use of telehealth services for managing gout, and research in therapies aiming at lowering urate levels.
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What Are the Key Market Innovations in theGout Therapeutics Market Over the Coming Years?
Product innovation is turning out to be the primary trend gathering momentum in the gout therapeutics market. Major corporations involved in this market are producing inventive treatments to maintain their market standing. Case in point, in August 2022, Synlogic Inc., an American pharmaceutical firm, unveiled SYNB2081, a novel drug candidate for treating gout. SYNB2081, a synthetic biotic, was developed to decrease uric acid levels. This development marks the second clinical drug candidate produced via research alliance between Synlogic and Ginkgo, an American biotech organization.
Who Are the Top Companies Driving Innovation and Growth in theGout 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
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Which Key Market Segments Comprise the Gout Therapeutics Market and Drive Its Revenue Growth?
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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Which Regions Are Emerging as Leaders in 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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