Rheumatology Therapeutics Market Demands and Gross Margin 2028

The new unit will be dedicated to transforming drug development efforts in rheumatology research in collaboration with real-world technology solutions provider Trio Health. This in turn is expected to accelerate the growth of the rheumatology therapeutics market, especially in North America. Moreover, a key driving factor for the rheumatology therapeutics market is the increase in population worldwide with some sort of rheumatology arthritis. Rheumatoid arthritis (RA) can occur at any age, but it most commonly begins in middle age. It is most likely to show up between ages 30 and 50. When it starts between ages 60 and 65, it is called elderly-onset RA or late-onset RA.

However, major factors restraining the growth of the rheumatology therapeutics market are the introduction of biosimilars or increasing demand for biosimilars and patent expiry of some drugs used to treat rheumatology diseases. As of June 2020, FDA has approved 27 biosimilars, plus four follow-on biologicals. The pipeline for biosimilars continues to grow, however, of the 27 approved biosimilars, only 17 have been launched so far. Moreover, pharmaceutical and biotechnology companies are focused on developing safe and effective biosimilars, hampering the growth of the rheumatology therapeutics market. Regional segmentation of the market comprises of North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

Established healthcare sector of North America is contributing to the leading position of this region in rheumatology therapeutics market

Regional segmentation of rheumatology therapeutics market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates rheumatology therapeutics market, owing to increasing population with rheumatology diseases, changing lifestyle, and established medical and healthcare sector. According to Centers for Disease Control and Prevention (CDC), around 27 million people are suffering with Clinical arthritis in the U.S, around 8 million people with Gout syndrome, and 78 million adults are at risk to suffer from clinical arthritis till 2040. Asia Pacific is expected to witness the growth in the rheumatology therapeutics market due to increase in patient population and developing healthcare sector.

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