Report ID: CMR286159 | SKU: CMR286159 | Edition: 7th Global Edition
| The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. |
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According to Cognitive Market Research, the global Axial Spondylarthritis market size was USD 5.1 billion in 2022 and will grow and expand at a compound annual growth rate (CAGR) or growth rate of 7.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2018-2023 |
Forecast Period | 2023-2030 |
Global Axial Spondyloarthritis Drugs Market Sales Revenue 2022 | $ 5.1 |
Global Axial Spondyloarthritis Drugs Market Compound Annual Growth Rate (CAGR) for 2023 to 2030 | 7.2% |
Axial Spondyloarthritis Drugs Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
With the increased adoption of digital technologies in the healthcare business, market estimatimation is projected to grow and expand considerably during the forecast period. The increase in studies and development conducted by prominent market players for generating innovative therapies for treating axial spondylarthritis may be attributed to the expansion of the worldwide axial spondylarthritis market. Furthermore, a rising general understanding of the ailment is anticcipate to drive market growth throughout the forecast period.
(Source: www.ncbi.nlm.nih.gov/pmc/articles/PMC4032290/)
Despite a better knowledge of axSpA, there are still unmet requirements, most notably improving the protracted period between the onset of indications and proper therapy. Inflammation control is critical in the treatment of axial spondylarthritis.
The increased emphasis of several biotechnological businesses on R&D activities is anticipated to propel the growth of the axial spondylarthritis (axSpA) industry. The development of innovative treatments, such as anti-Janus kinase therapy, anti-interleukin treatment, and anti-tumor necrosis factor medical treatment, by major market participants is significantly influencing the development of the axial spondylarthritis industry.
(Source: pubmed.ncbi.nlm.nih.gov/25303306/)
Similarly, an increase in the number of authorized biosimilars is expected to drive the Axial Spondylarthritis (axSpA) industry throughout the forecast period.
The primary limiting factors of prospective expansion for the axial spondyloarthritis treatment market during the anticipated period are a lack of treatment choices as well as the present high costs for these treatment solutions. The impact on adoption rates and increased diagnostic delay are restricting the growth of this market. The effectiveness of IL-17 inhibition is comparable to that of anti-TNF medications. Despite the treatment agents' equivalent efficacy, around half of the patients in clinical trials do not experience a meaningful change in primary outcomes. No oral alternatives are currently available, and finally, the high expense and difficulty in obtaining contemporary treatment regimens continue to be a significant obstacle for many patients.
As the incidence of COVID-19 cases increased globally, healthcare facilities focused all of their efforts on treating those infected. Although COVID-19 has a major influence on the respiratory tract, it has generated various issues concerning rheumatic illnesses, therapies, and the vulnerability or degree of viral infection. Patients with inflammatory diseases, which include spondyloarthritis (SpA), have discovered the COVID-19 pandemic is particularly challenging. Numerous researches have been conducted to measure the impact of a COVID-19 infection on people with rheumatic illnesses, but the findings aren't always consistent. In accordance with a study released by The Journal of Rheumatology in 2022 that polled answers from 4723 individuals suffering from SpA and 450 of their family contacts, the COVID-19 pandemic established many ambiguities regarding rheumatic illnesses or their treatment regarding the susceptibility along with the severity of the viral disease.
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Global Axial Spondyloarthritis Drugs Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Axial Spondyloarthritis Drugs Industry growth. Axial Spondyloarthritis Drugs market has been segmented with the help of its Type, Drug class , and others. Axial Spondyloarthritis Drugs market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Inflammation and bone formation characterized by ankylosing spondylitis, an uncommon form of AxSpA that impacts the spine and sacroiliac joints & and may result in stiffness and chronic pain, are boosting the market share throughout the projection period. 90% of AxSpA sufferers are considered to have ankylosing spondylitis.
Novartis International AG got a favorable CHMP opinion in March 2020, recommending approval of Cosentyx for the management of patients with active non-radiographic axial spondylarthritis. BE MOBILE 1 is the first clinical trial to evaluate the efficacy and safety of bimekizumab in individuals with active non-radiographic axial spondylarthritis (nr-axSpA).
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Axial Spondyloarthritis Drugs Industry. Request a Free Sample PDF!
Nonsteroidal anti-inflammatory drugs (NSAID) will dominate the market during the forecast period because they are particularly effective at addressing the main axSpA signs and symptoms (pain and stiffness) and may also be capable of halting the structural spine's degradation. Nonsteroidal anti-inflammatory medications (NSAIDs) such as naproxen (Naprosyn) and indomethacin are popular therapies for axial spondyloarthritis.
Furthermore, because they are employed as the first line of therapy, new product introductions are anticipated to stimulate the treatment industry. For example, in July 2022, the European Commission authorized RINVOQ (upadacitinib) as an oral therapy for individuals with active non-radiographic axial spondylarthritis. As a result, the category is expected to increase significantly throughout the projection period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Axial Spondyloarthritis Drugs market report 2023 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2022 and accounted for a share of more than 39% of the global revenue due to several variables. The North American region dominates the market for Axial Spondylarthritis. Because of growing prevalence, awareness, and improved diagnosis, North America is expected to account for a sizable percentage of the worldwide market for axial spondylarthritis. Furthermore, the growth of the AxSpA business has been aided by favorable reimbursement practices in the United States and Canada. Furthermore, demand for these therapies has surged due to patients' ability to purchase expensive biologic drugs due to the availability of insurance coverage. Axial spondylarthritis affects millions of Americans, with prevalence estimates ranging from 0.9% to 1.4%. Axial spondylarthritis often affects younger spondylarthritis patients, with an average age of symptom start of 28 years.
Due to the enormous increase in the elderly population in countries such as China and India, Asia Pacific is expected to develop significantly during the projection period. The region's revenue increase is mostly due to the establishment of generic drug manufacturers and the expansion of medical facilities. The country's rise in scientific and technological activity can be ascribed to the country's expansion. Furthermore, rising healthcare spending, particularly in the developing area, and greater illness awareness are driving the overall local marketplace to a considerable extent.
The current report Scope analyzes Axial Spondyloarthritis Drugs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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The Global Axial Spondyloarthritis Drugs Market is witnessing significant growth in the near future.
In 2023, the Ankylosing Spondylitis (AS) segment accounted for noticeable share of global Axial Spondyloarthritis Drugs Market and is projected to experience significant growth in the near future.
The Non-steroidal Anti-inflammatory Drugs (NSAID) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Johnson and Johnson , Amgen and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Why Ankylosing Spondylitis (AS) have a significant impact on Axial Spondyloarthritis Drugs market? |
What are the key factors affecting the Ankylosing Spondylitis (AS) and Non-radiographic Axial Spondyloarthritis (nr-axSpA) of Axial Spondyloarthritis Drugs Market? |
What is the CAGR/Growth Rate of Non-steroidal Anti-inflammatory Drugs (NSAID) during the forecast period? |
By type, which segment accounted for largest share of the global Axial Spondyloarthritis Drugs Market? |
Which region is expected to dominate the global Axial Spondyloarthritis Drugs Market within the forecast period? |
Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Ankylosing Spondylitis (AS) with Drug class, , additional country analysis, volume/consumption data, etc.
Major Type Analysed |
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Major Drug class Analysed |
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Top Manufacturers Disclosed |
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Global, Regional and Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Axial Spondyloarthritis Drugs industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Segmentation Level Customization | |
Global level Data Customization | |
Region level Data Customization | |
Country level Data Customization | |
Company Level | |
Additional Data Analysis | |
Additional Qualitative Data | |
Additional Quantitative Data | |
Service Level Customization | Report Format Alteration |
This chapter helps you to understand the importance of report and how we designed the report scope of Axial Spondyloarthritis Drugs market. As per your requirement we can also design the market scope as a customised report.
This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.
At Cognitive Market Research, we have designed questionnaire focused on Axial Spondyloarthritis Drugs Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Axial Spondyloarthritis Drugs industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
The executive summary is an overview of a Axial Spondyloarthritis Drugs Market Report. In this chapter we have summarized the overall report data in snapshot format.
This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.
This chapter covers a competitive analysis of the global Axial Spondyloarthritis Drugs market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.
ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.
This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.
This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Axial Spondyloarthritis Drugs market
Top Companies Market Share in Axial Spondyloarthritis Drugs Industry: (In no particular order of Rank)
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The market for Axial Spondylarthritis is a highly dynamic and diversified competitive environment. It includes various suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
(Source:ampersandhealth.co.uk/news-events/press-release-ampersand-health-x-ucb/)
(Source:pubmed.ncbi.nlm.nih.gov/34853086/)
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We have listed the discounted pricing including Tax/es. Please kindly note, report pricing and data inclusion depends upon the selection of the report edition + user license. Hence, please kindly choose an appropriate user license depending upon the number of users or employees are going to utilize the report data or the as per the need of the data/consultation services. To know more contact us.
Global Report Edition includes data about 5 major regions and a total of 36 countries. Please refer to the Table of Contents tab. If you require customized data our research team will assist you and provide you with an exclusive report edition delivery. You can also purchase regional and country-level data edition/s. Please get in contact with us prior to making a purchase sales@cognitivemarketresearch.com.
The regional report edition will help you get the data specific to the to selected region from the drop down.
The country specific report edition and the respective table of content will be delivered to you as per your enquiry or you can refer the following link for the same.
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