The ‘Global Ankylosing Spondylitis Treatment Market Size, Share, Price, Trends, Growth, Industry Report and Forecast 2023-2031′ by Expert Market Research gives an extensive outlook of the global ankylosing spondylitis treatment market, assessing the market on the basis of its segments like drug type, indication type, treatment type, treatment channel, and major regions. The report also provides a detailed insight into the market on the basis of patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnership and collaborations analysis.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Ankylosing Spondylitis Treatment Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 8.1%
• Forecast Market Size (2031): 9.37 Billion
Growing awareness of ankylosing spondylitis and its impact on patients’ quality of life is expected to drive the growth of the global ankylosing spondylitis treatment market. The increasing number of drugs in clinical trials by leading pharmaceutical companies for ankylosing spondylitis is expected to offer lucrative growth opportunities to the market. However, the high cost of treatment and diagnosis may pose a challenge for the ankylosing spondylitis treatment market.
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Advancements in diagnostic tools, such as imaging techniques and genetic testing, have led to increased accuracy in ankylosing spondylitis diagnosis. The development of biologics and biosimilars has expanded the treatment options available for patients with ankylosing spondylitis. These advancements in diagnosis and treatment are expected to have a positive impact on the global ankylosing spondylitis treatment market growth. Over the forecast period, the anticipated increase in the development of various drugs to combat ankylosing spondylitis is expected to drive the market growth. These developments, coupled with the growing demand for novel target therapies and strengthening healthcare infrastructure, are likely to contribute to the market growth.
Ankylosing Spondylitis Treatment Industry Definition and Major Segments
Ankylosing spondylitis is a chronic inflammatory disease that primarily affects the spine, causing pain, stiffness, and reduced mobility. The condition may also affect other joints and organs in the body. Treatment options for ankylosing spondylitis include medication, physical therapy, and surgery, depending on the severity and progression of the disease.
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Based on drug type, the market is segmented into:
• Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
• Tumor Necrosis Factor (TNF) Inhibitors
Based on indication type, the market is classified into:
• Reactive Arthritis
• Psoriatic Arthritis
• IBD Associated Arthritis
• Juvenile Spondyloarthropathy
• Undifferentiated Spondyloarthropathy
Based on treatment method, the market is bifurcated into:
• Physiotherapy and Exercise
• Biological Treatments
• Disease Modifying Anti Rheumatic Drugs (DMARDs)
Based on region, the market is segregated into:
Based on region, the market is segregated into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Ankylosing Spondylitis Treatment Market Trends
The key trends in the global ankylosing spondylitis treatment market include the growing development and research by the healthcare sector, aimed towards the development of different drug combinations and targeted therapies to combat this chronic inflammatory disease. Advancements in the understanding of disease pathogenesis have led to the development of new therapeutic targets.
Significant advancements in personalized medicine have resulted in a better understanding of ankylosing spondylitis, which has significantly impacted the clinical management of patients. Novel approaches to minimize the side effects of treatment and improve patient outcomes have become the focus of many research studies. This development is expected to increase the number of patients suffering from ankylosing spondylitis to receive treatment, which in turn, is expected to contribute to the global ankylosing spondylitis treatment market growth.
Increased clinical trials with biologics, biosimilars, and novel therapies are projected to drive market growth. Additionally, development in radiological imaging has resulted in improved detection and monitoring of ankylosing spondylitis, further impacting the growth of the market. A shift towards patient-centric care and the increasing adoption of digital health solutions are also expected to boost the growth of the market.
Key Market Players
The major players in the global ankylosing spondylitis treatment market report are
• AbbVie Inc.
• Amgen Inc.
• Johnson & Johnson Services, Inc.
• Novartis AG
• Pfizer Inc.
• UCB S.A.
• Eli Lilly and Company
• Merck & Co., Inc.
• GlaxoSmithKline plc
• Bristol-Myers Squibb Company
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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