Polymyalgia Market Size, Share Analysis and Growth Forecast 2030
Ngày đăng: 18-08-2023 |
Ngày cập nhật: 18-08-2023
The global Polymyalgia Market is projected to experience consistent growth in revenue, with a steady Compound Annual Growth Rate (CAGR) throughout the anticipated forecast period. This upward trajectory can be attributed to a confluence of factors including an increasing prevalence of the condition, heightened awareness among the general population, and substantial enhancements in healthcare infrastructure.
Polymyalgia rheumatica is an uncommon inflammatory disorder characterized by muscle pain and stiffness, primarily affecting the shoulders and hips. Its symptoms tend to manifest rapidly and worsen during the morning hours. The underlying causes of this condition are multifaceted, encompassing genetic predisposition, immunological factors, infections, and environmental variables such as sunlight exposure. Notably, it can be associated with temporal arteritis, a more severe ailment involving inflammation of arterial linings.
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Several Factors Fueling Market Growth
Driving Factors The surge in cases of polymyalgia rheumatica and the heightened research and development initiatives undertaken by various pharmaceutical enterprises are pivotal drivers steering the growth of the polymyalgia rheumatica treatment market. For instance, in the United States, the annual incidence of polymyalgia rheumatica (PMR) among individuals aged 50 and above stands at an average of 52.5 cases per 100,000. The prevalence of polymyalgia ranges between 0.5% and 0.7%. Greater patient awareness, advancements in treatment alternatives, and the adoption of sedentary lifestyles are among the contributing factors propelling the revenue expansion of the polymyalgia rheumatica treatment market. The global integration of advanced diagnostic technologies is also a notable catalyst for the growth of the worldwide polymyalgia rheumatica market.
Factors Impeding Growth The substantial expenses associated with research and development for novel drugs, coupled with stringent regulations governing drug approvals, are poised to impede the growth of the polymyalgia market. Existing drugs utilized for polymyalgia treatment carry a range of side effects, serving as another hindrance for the polymyalgia rheumatic market.
Emerging Opportunities Given the limited number of FDA-approved drugs for treating polymyalgia rheumatica, the increasing focus on studies and research related to musculoskeletal symptoms of polymyalgia rheumatica is anticipated to present growth opportunities for major stakeholders in the polymyalgia market.
Geographical Market Landscape
Dominant Market Share Regionally, the market is segmented into North America, Asia Pacific, Latin America, Middle East & Africa, and Europe. In terms of market share and revenue, North America is projected to exert a dominant influence over the polymyalgia rheumatica drugs market during the forecast period. This predominance can be attributed to the presence of key players and escalating healthcare expenditures in the region.
Fastest Growth Region Asia Pacific is anticipated to register rapid growth in the forecast period due to the rising prevalence of polymyalgia rheumatica within the region. Furthermore, the development of healthcare infrastructure is expected to bolster revenue growth in the Asia Pacific market.
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Key Trends and Innovations
Clinical Trials and Drug Candidates Bristol Myers Squibb's Abatacept, currently in Phase 3 of clinical trials for polymyalgia rheumatica treatment, is projected to conclude its trials in 2022. AbbVie aims to initiate Phase 2 trials for its drug candidate ABBV-154 in July 2021, with the trials expected to conclude in 2023.
Competitive Landscape Prominent Companies in the Market Key players in the market encompass:
Distinctive Report Offerings This comprehensive report provides historical data, forecasts, and revenue growth analysis on a global, regional, and country level, spanning from 2019 to 2030. The report encompasses industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and the contribution of each regional and country market to overall revenue share. Additionally, it furnishes industry analysis, competitive landscape insights, company financials, and impact assessments.
In-depth Market Segmentation The market is categorized by route of administration, product type, specific drugs, end users, and distribution channels. This thorough segmentation facilitates a nuanced understanding of the polymyalgia market landscape.
Geographical Classification The report segments the market by geographical regions, including:
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Polymyalgia rheumatica is an uncommon inflammatory disorder characterized by muscle pain and stiffness, primarily affecting the shoulders and hips. Its symptoms tend to manifest rapidly and worsen during the morning hours. The underlying causes of this condition are multifaceted, encompassing genetic predisposition, immunological factors, infections, and environmental variables such as sunlight exposure. Notably, it can be associated with temporal arteritis, a more severe ailment involving inflammation of arterial linings.
Get a free sample PDF of the report, visit @ https://www.reportsanddata.com/download-free-sample/5167
Several Factors Fueling Market Growth
Driving Factors The surge in cases of polymyalgia rheumatica and the heightened research and development initiatives undertaken by various pharmaceutical enterprises are pivotal drivers steering the growth of the polymyalgia rheumatica treatment market. For instance, in the United States, the annual incidence of polymyalgia rheumatica (PMR) among individuals aged 50 and above stands at an average of 52.5 cases per 100,000. The prevalence of polymyalgia ranges between 0.5% and 0.7%. Greater patient awareness, advancements in treatment alternatives, and the adoption of sedentary lifestyles are among the contributing factors propelling the revenue expansion of the polymyalgia rheumatica treatment market. The global integration of advanced diagnostic technologies is also a notable catalyst for the growth of the worldwide polymyalgia rheumatica market.
Factors Impeding Growth The substantial expenses associated with research and development for novel drugs, coupled with stringent regulations governing drug approvals, are poised to impede the growth of the polymyalgia market. Existing drugs utilized for polymyalgia treatment carry a range of side effects, serving as another hindrance for the polymyalgia rheumatic market.
Emerging Opportunities Given the limited number of FDA-approved drugs for treating polymyalgia rheumatica, the increasing focus on studies and research related to musculoskeletal symptoms of polymyalgia rheumatica is anticipated to present growth opportunities for major stakeholders in the polymyalgia market.
Geographical Market Landscape
Dominant Market Share Regionally, the market is segmented into North America, Asia Pacific, Latin America, Middle East & Africa, and Europe. In terms of market share and revenue, North America is projected to exert a dominant influence over the polymyalgia rheumatica drugs market during the forecast period. This predominance can be attributed to the presence of key players and escalating healthcare expenditures in the region.
Fastest Growth Region Asia Pacific is anticipated to register rapid growth in the forecast period due to the rising prevalence of polymyalgia rheumatica within the region. Furthermore, the development of healthcare infrastructure is expected to bolster revenue growth in the Asia Pacific market.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/5167
Key Trends and Innovations
Clinical Trials and Drug Candidates Bristol Myers Squibb's Abatacept, currently in Phase 3 of clinical trials for polymyalgia rheumatica treatment, is projected to conclude its trials in 2022. AbbVie aims to initiate Phase 2 trials for its drug candidate ABBV-154 in July 2021, with the trials expected to conclude in 2023.
Competitive Landscape Prominent Companies in the Market Key players in the market encompass:
- Sanofi S.A.
- Apotex Corporation
- GlaxoSmithKline plc
- AbbVie Inc.
- Horizon Therapeutics plc
- Zylera Pharmaceuticals, LLC
- Pfizer
- Bayer AG
- Sun Pharmaceutical Industries Ltd
- Mylan N.V.
- Novartis AG
- Lupin
- Cipla Inc.
- Aurobindo Pharma
- Reddy's Laboratories Ltd
- Teva Pharmaceutical Industries Ltd
- Amneal Pharmaceuticals Inc.
- Glenmark Pharmaceuticals Ltd
- Novelgenix
- PuraCap Pharmaceutical LLC
Distinctive Report Offerings This comprehensive report provides historical data, forecasts, and revenue growth analysis on a global, regional, and country level, spanning from 2019 to 2030. The report encompasses industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and the contribution of each regional and country market to overall revenue share. Additionally, it furnishes industry analysis, competitive landscape insights, company financials, and impact assessments.
In-depth Market Segmentation The market is categorized by route of administration, product type, specific drugs, end users, and distribution channels. This thorough segmentation facilitates a nuanced understanding of the polymyalgia market landscape.
Geographical Classification The report segments the market by geographical regions, including:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Sweden, BENELUX, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Israel, Rest of MEA)
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/5167
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Browse for more reports:
Ventilator Market
Infectious Disease Diagnostics Market
E-Prescribing Market
Sensor Patch Market
Cell Therapy Market
Protein Engineering Market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
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