The Global Rare Inflammatory Disease Treatment Market Demand is predicted to develop at a positive CAGR of 4.6% between 2022 and 2028, reaching a value of US$ 17,335.8 Million.
With the increasing prevalence of genetic disorders, the demand for therapeutic approaches has increased, as no effective techniques exist to treat genetic or uncommon inflammatory diseases. The prevalence of these disorders is mostly influenced by chromosomal abnormalities. Several pharmaceutical industries have been working to improve relevant medications and therapy approaches in order to reduce disease prevalence. For example, researchers are developing new therapy options for geriatric and paediatric patients suffering from Still’s disease, a rare condition characterised by joint inflammation.
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Doctors are increasing up their efforts to raise patient awareness about the benefits of anti-inflammatory medications, which have been shown to be effective in the prevention and control of rare inflammatory disorders. Currently, there is a surge in demand for approved, effective medicines for uncommon inflammatory illnesses. The OOPD (Office of Orphan Products Development) has provided incentives to pharmaceutical companies in order to stimulate the development of treatment solutions for these disorders. The National Institutes of Health (NIH) is a huge supporter of improving patients’ health by focusing on the development of novel treatment approaches. The NIH is launching collaborative studies to investigate the common causes and effects of connected diseases.
Increasing Inflammatory & Autoimmune Diseases to Create Opportunities for New Therapies
Several groups of scientists have linked the cytokine IL-23 to the treatment of inflammatory and autoimmune illnesses, which is opening up new avenues for therapeutic research. Researchers have discovered a crucial biological mechanism involved in inflammatory and autoimmune illnesses like multiple sclerosis, rheumatoid arthritis, and psoriasis. The pro-inflammatory cytokine IL-23’s activity is dependent on the organisational activation of its receptor, IL-23R.
Furthermore, the prevalence of inflammatory and autoimmune illnesses is rapidly growing. Psoriasis affects over 125 million people worldwide each year, and rheumatoid arthritis affects approximately 100 million. In formerly unaffected areas of the world, the prevalence of inflammatory bowel illnesses such as ulcerative colitis and Crohn’s disease is expanding at an alarming rate.
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Key Takeaways from Rare Inflammatory Disease Treatment Market Report for Estimated Period, 2022 to 2028
- North America will continue to be the largest market for uncommon inflammatory disease therapy in terms of revenue, closely followed by Europe. Rare inflammatory disease therapy sales in North America and Europe account for about half of total market value. APEJ will also gain the greatest market revenue share by expanding at a quicker rate than Europe in the market through 2028.
- According to the indication, ulcerative colitis is anticipated to remain significantly greater than the other categories.
- The biologics category accounts for the lion’s share of the global market for rare inflammatory disease treatment.
- During the predicted period, the fastest growing industries will be oral care and hospital pharmacies.
Key market players outlined by the report is inclusive of Pfizer, Inc., Allergan Plc, Valeant, Johnson & Johnson, Questcor Pharmaceuticals, Inc., Novartis AG, Abbvie, Abbott Laboratories, Regeneron Pharmaceuticals, and Swedish Orphan Biovitrum AB
Key Segments Covered in Rare Inflammatory Disease Treatment Industry Survey
Rare Inflammatory Disease Treatment by Indication
- RID Treatment for Ulcerative Colitis
- RID Treatment Juvenile Rheumatoid Arthritis
- RID Treatment Psoriatic Arthritis
- RID Treatment Other Indications
Rare Inflammatory Disease Treatment by Drug Class
- Biologics-based RID Treatment
- Organic Compounds-based RID Treatment
Rare Inflammatory Disease Treatment by Mode of Administration
- RID Injectables
- Oral RID Treatment
- Other RID Treatment Administration Modes
Rare Inflammatory Disease Treatment by Distribution Channel
- RID Treatment through Hospital Pharmacies
- RID Treatment through Retail Pharmacies
- RID Treatment through Online Pharmacies
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