Arthritis means inflammation in a joint. The inflammation is characterized by swelling, pain, and redness within the joint. This type of arthritis is known to cause chronic inflammatory disorder in the hands and feet.
There are two types of rheumatoid arthritis are seronegative rheumatoid arthritis and seropositive rheumatoid arthritis. Smoking and family history are considered as some of the major cause of rheumatoid arthritis.
The rising R&D of product pipeline along with the introduction of novel products are some of the major trends in this market. For instance, in February 2016, Pfizer received FDA approval for commercialization of XELJANZ XR (tofacitinib citrate) in the U.S. market. The company launched the product in Europe for the treatment of rheumatoid arthritis. In May 2017, Sanofi received FDA approval for Kevzara drug for its commercialization in the U.S. market. Kevzara is used in the treatment of active rheumatoid arthritis.
The global seropositive rheumatoid arthritis drug market is expected to be driven by factors such as rising cigarette consumption, growing healthcare expenditure, increasing female population, and increasing obese population. However, the growth of this industry is hindered by increasing treatment costs and high cost associated with R&D. The global seropositive rheumatoid arthritis drug market is rather concentrated with few pharmaceutical companies dominating the market through new drug approval.
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Segmentation:
The global seropositive rheumatoid arthritis drug market is segmented on the basis of the drug class, drug, treatment and diagnosis, route of administration, application, and end user.
On the basis of the drug class, the global seropositive rheumatoid arthritis drug market is segmented into Non-steroidal anti-inflammatory drug type (NSAID), Steroids, and Disease-modifying anti-rheumatic drug type (DMARDs) and biologic agents.
On the basis of the drug, the global seropositive rheumatoid arthritis drug market is segmented into Humira (adalimumab), Enbrel (etanercept), Remicade (infliximab), Rituxan (rituximab), Actemra (tocilizumab), Orencia (abatacept), and others.
On the basis of the treatment, the global seropositive rheumatoid arthritis drug market is segmented into synovectomy, tendon repair, joint fusion and total joint replacement.
On the basis of the diagnosis, the global seropositive rheumatoid arthritis drug market is segmented into C – reactive protein (CRP) Test, CCP, ESR (Erythrocyte Sedimentation Rate) Test and Synovial Fluid Analysis.
On the basis of the route of administration, the global seropositive rheumatoid arthritis drug market is segmented into oral, subcutaneous, intravenous, and others.
On the basis of the application, the global seropositive rheumatoid arthritis drug market is segmented into medicine, scientific research, and others.
On the basis of the end user, the global seropositive rheumatoid arthritis drug market is segmented into hospital, diagnostic centers, ambulatory surgical centers, and others
Key Players:
Some of key the players in the global seropositive rheumatoid arthritis drug market are Abbott Laboratories (U.S.), Johnson & Johnson Limited (U.S.), Novartis AG (Switzerland), Pfizer, Inc. (U.S.), and Eli Lilly and Company (U.S.), AbbVie Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Amgen (U.S.), Vertex Pharmaceuticals Incorporated (U.S), Sanofi-Aventis (France), AstraZeneca (U.K), Cadila Healthcare Ltd. (India), GlaxoSmithKline Inc. (U.S.), Merck and Co. Inc. (U.S.) and others.
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The global seropositive rheumatoid arthritis drug market consists of regions namely the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas region holds the largest market for the global seropositive rheumatoid arthritis drug market is owing to the factors such as the increasing number of individuals suffering from the autoimmune disease. Seropositive rheumatoid arthritis is commonly occurring diseases in the U.S. that affect approximately 1.3 million Americans, according to Health Union LLC. Furthermore, the development of products by pharmaceutical companies for the treatment of rheumatoid arthritis is further influencing the growth of the global seropositive rheumatoid arthritis drug market.
Europe is the second largest market for the global seropositive rheumatoid arthritis drug market owing to the emerging oral therapies and rising demand for alternative biologics. Furthermore, the Asia Pacific region is anticipated to emerge as the fastest growing region and is expected to contend with the European market over the forecasted period. Furthermore, the developing nations hold potential opportunities for various key players to expand their regional presence.
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