Rheumatoid Arthritis Market Development, Storage Technology, Innovation, Segmentation, Strategy, Size and Share

 Global Rheumatoid arthritis market Information, by drug type (Nonsteroidal anti-inflammatory drug type (NSAID), Steroids, Biologic agents) by diagnosis (C-Reactive Protein (CRP) Test, CCP, ESR test) by treatment (Synovectomy, Tendon repair, Joint fusion) - Forecast to 2022

Global Rheumatoid Arthritis Market - Overview

Rheumatoid arthritis is a chronic inflammatory condition that possible can distress more than just the joints. It is found that in some individuals, the disorder also can damage a various parts of body system, including the lungs, skin, eyes, heart and blood vessels. The global rheumatoid arthritis market is expected to grow at a healthy CAGR of ~4% during the forecast period 2017-2022.

The major factors influencing the growth of the market include high number of individuals suffering from the autoimmune disease, it has been observed that this disease is found three times more in women than as men. The reason behind gender gap is still unknown, but researchers say it’s something to do with the hormones. According to Health Union, LLC is one of the common chronic disease that affects approximately 1.3 million Americans and as much as 1% of the global population. 

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Big pharmaceutical companies taking steps for the development of products related to rheumatoid arthritis is further influencing the growth of the market. Moreover there is a huge opportunity in developing nations that is grabbed by various market players for expanding their presence in the region. The market is forecast to demonstrate a steady growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017–2022.

Global Rheumatoid Arthritis Market - Competitive Analysis

Pfizer Inc. (U.S), Eli Lilly and company (U.S), Bristol-Myers Squibb Company (U.S), F. Hoffmann-La Roche Ltd (Switzerland), Novartis AG (Switzerland), Vertex Pharmaceuticals Incorporated (U.S), Sanofi (France), AstraZeneca (U.K) are some of the prominent players at the forefront of competition in the Global Rheumatoid Arthritis Market and are profiled in MRFR Analysis. 

Characterized by the presence of several well-established and small players, the global market of rheumatoid arthritis appears to be highly competitive and fragmented. With well-established market in the North America region major companies like Pfizer Inc., Eli Lilly and Company, Bristol-Myers Squibb Company, Vertex Pharmaceuticals Incorporated, and various others have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.

The market for rheumatoid arthritis is highly competitive with companies focusing on the development of oral drug and treatment. U.S based pharmaceutical company Pfizer is one of the leaders in the market. The company in February 2016, announced the approval of its product   XELJANZ XR (tofacitinib citrate) by the U.S. Food and Drug Administration (FDA). The 11mg drug product has been approved for daily once treatment of medium to severe rheumatoid arthritis. XELJANZ has been approved in more than 45 countries across the globe for the treatment of moderate to severe RA. The company has been involved in this market for more than 60 years and being the leader in the market continues for the development of the market.

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Key Players for Rheumatoid Arthritis Market:
Some of the key players in this market are: Pfizer Inc (U.S), Eli Lilly and company (U.S), Bristol-Myers Squibb Company (U.S), F. Hoffmann-La Roche Ltd (switzerland), Novartis AG (switzerland), Vertex Pharmaceuticals Incorporated (U.S), Sanofi (France), AstraZeneca (U.K) and many others.

Segments:
Global rheumatoid arthritis market has been segmented on the basis of drug type which comprises of Non-steroidal anti-inflammatory drug type (NSAID), Steroids, and Disease-modifying anti-rheumatic drug type (DMARDs) and Biologic agents. On the basis of treatment include Synovectomy, Tendon repair, Joint fusion and Total joint replacement. Furthermore on the basis of diagnosis includes C - reactive protein (CRP) Test, CCP, ESR (Erythrocyte Sedimentation Rate) Test and Synovial Fluid Analysis.