Future Growth Forecast For The Systemic Lupus Erythematosus Treatment Global Market 2023-2032
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 global systemic lupus erythematosus (SLE) treatment market is poised for robust growth, with projections indicating an increase from $2.50 billion in 2023 to $2.74 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 9.54%. Looking ahead, the market is expected to reach $3.98 billion by 2027, sustaining a CAGR of 9.84%. The primary driver behind this growth is the rising incidence of autoimmune disorders, specifically systemic lupus erythematosus, where the immune system mistakenly attacks healthy tissues, causing inflammation and organ damage.
Key Market Drivers:
The prevalence of autoimmune diseases is on the rise globally, propelling the systemic lupus erythematosus treatment market. Autoimmune diseases occur when the immune system erroneously identifies the body’s own tissues as foreign, leading to the release of autoantibodies that attack healthy cells. Systemic lupus erythematosus is a prominent autoimmune disease affecting various organs, including joints, skin, brain, lungs, kidneys, and blood vessels. The American Autoimmune Related Diseases Association estimated that around 50 million Americans lived with autoimmune diseases, costing $86 billion annually. Similarly, in the UK, approximately 7% of the population, equivalent to 4 million people, are estimated to have at least one autoimmune disease, with prevalence increasing annually by 3–9%. This surge in autoimmune disorders is a key factor driving the systemic lupus erythematosus treatment market.
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Major Players and Biologic Agent Advancements:
Leading companies such as GlaxoSmithKline PLC, Aurinia Pharmaceuticals, Pfizer, and Merck & Co are instrumental in shaping the systemic lupus erythematosus treatment landscape. A notable trend in the market is the introduction of improved biologic agents. Biologic agents, derived from living organisms, play a crucial role in preventing, diagnosing, or treating various diseases, including cancer and autoimmune disorders. Companies are actively developing biologic agents for systemic lupus erythematosus treatment, with a focus on efficacy across different age groups. For example, GlaxoSmithKline plc received FDA approval for BENLYSTA (belimumab) in December 2020 to treat adult patients with active lupus nephritis (LN), showcasing advancements in biologic treatments.
Regional Dynamics and Market Segmentation:
As of 2022, North America leads the global systemic lupus erythematosus treatment market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa. The market is segmented based on drugs (antimalarial drugs, NSAIDs, corticosteroids, immunosuppressive drugs), route of administration (subcutaneous, oral, intravenous), and application (hospital pharmacies, retail pharmacies, online sales).
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The Systemic Lupus Erythematosus Treatment Global Market Report 2023 provides a comprehensive overview on the systemic lupus erythematosus treatment market size, systemic lupus erythematosus treatment market trends and systemic lupus erythematosus treatment market drivers, systemic lupus erythematosus treatment market opportunities, strategies, and companies analysis. The countries covered in the systemic lupus erythematosus treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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