The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s herumatoid arthritis drugs market report forecasts the herumatoid arthritis drugs market size to grow to $63.26 Billion by 2027, with a CAGR (compound annual growth rate) of almost 1%.

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Rheumatoid Arthritis Drugs Market Size Forecast
The global herumatoid arthritis drugs market is expected to grow from $60.61 billion in 2022 to $60.82 billion in 2023 at a compound annual growth rate (CAGR) of 0.34%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rheumatoid arthritis market size is expected to reach $63.26 billion in 2027 at a CAGR of 0.99%.

North America held the largest herumatoid arthritis drugs market share and was the fastest-growing region in 2022.

Key Rheumatoid Arthritis Drugs Market Driver ­– Growth In Cases Of Arthritis
For example, according to the Centres for Disease Control and Prevention, a US-based health protection body, 54.4 million adult-aged persons in the United States were diagnosed with arthritis in November 2021, with that figure expected to rise to 78 million by 2040. As a result, rising arthritis cases are likely to fuel the rheumatoid arthritis medicine market.

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Key Rheumatoid Arthritis Drugs Market Trend – Product Innovations
Companies in the rheumatoid arthritis medications industry are launching new products to maintain their market position. For example, R-Pharm, a Russian private high-tech pharmaceutical business, launched Olokizumab in August 2022, which is a humanised monoclonal antibody that selectively targets the cytokine interleukin-6. This messenger molecule contributes to the progression of joint destruction in rheumatoid arthritis and, like TNF (tumour necrosis factor), causes inflammatory reactions in the body, which reduces disease activity in many rheumatoid arthritis patients.

Rheumatoid Arthritis Drugs Market Segment
1) By Drug Type: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids, Disease-Modifying Antirheumatic Drugs (DMARDs), Biologic Response Modifiers (BRMs), Other Drug Types
2) By Route Of Administration: Oral, Parenteral, Topical, Other Route Of Administrations
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy

Rheumatoid Arthritis Drugs Market Major Players and Strategies
Major players in the herumatoid arthritis drugs market are Pfizer Inc., Abbvie Inc., Amgen Inc., Novartis AG, Boehringer Ingelheim International GmbH, Eli Lilly and Company, F-Hoffmann La Roche AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Merck & Co Inc., Johnson & Johnson Inc., Bayer AG, Teva Pharmaceuticals Industries Ltd., Sun Pharmaceutical Industries Ltd. and Sanofi S.A.

Sanofi, a French pharmaceutical company, will pay $3.7 billion for Principia Biopharma Inc. in September 2020. This acquisition strengthens key areas in autoimmune and allergic disorders, giving the company entire ownership over tolebrutinib (SAR442168) and other BTK inhibitors, allowing it to continue to expand and maintain leadership in the research and development of oral treatments for essential conditions. Principia Biopharma Inc. is a biopharmaceutical business established in the United States that develops oral small-molecule drug therapies for immunological illnesses.

The Rheumatoid Arthritis Drugs Global Market Report 2023 covers regional data on herumatoid arthritis drugs market size, herumatoid arthritis drugs market trends and drivers, opportunities, strategies, and herumatoid arthritis drugs market competitor analysis. The countries covered in the herumatoid arthritis drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Rheumatoid arthritis drugs are medications used to treat an inflammatory illness that causes inflammation of the tissues around the joints. These drugs reduce lasting joint and tissue damage while reducing the course of rheumatoid arthritis.

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