The global rare inflammatory disease treatment market continues to expand, reflecting a robust growth trajectory despite challenges posed by regulatory frameworks and market dynamics. Future Market Insights (FMI) projects the market to surge from US$ 13,249.2 Million in 2022 to an estimated value of US$ 17,335.8 million by 2028, exhibiting a steady CAGR of 4.6% during the forecast period from 2022 to 2028.
The market’s growth is attributed to increased investments in research and development, coupled with rising demand for diverse modes of drug administration for various rare inflammatory diseases. FMI’s comparative analysis underscores the market’s resilience amidst evolving regulatory landscapes and innovation imperatives for orphan drugs.
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According to FMI’s analysis, the global rare inflammatory disease treatment market is anticipated to witness a 17 Basis Point Share (BPS) increase in H1-2022 compared to H1-2021. However, the market outlook for H1-2022 indicates a dip of 30 BPS from projected values, primarily influenced by the rigorous approval processes for orphan drugs and portfolio revisions for existing products.
“The rare inflammatory disease treatment market’s evolution is a testament to the industry’s commitment to addressing unmet medical needs,” stated a spokesperson from Future Market Insights. “Despite challenges, advancements in the biopharmaceutical sector, catalyzed by the COVID-19 pandemic, have contributed to market resilience and growth.”
The market dynamics are further shaped by collaborative efforts to support rare disease treatments, revenue fluctuations driven by Medicaid rebates and government programs, and the management of existing patented product portfolios.
As the rare inflammatory disease treatment market continues its upward trajectory, stakeholders are urged to navigate regulatory complexities and embrace innovative strategies to unlock new opportunities and drive patient-centric solutions.
Key Takeaways: Rare Inflammatory Disease Treatment Market (2022-2028)
- Market Growth: The market for rare inflammatory disease treatments is expected to experience a steady growth of 4.6% CAGR (Compound Annual Growth Rate) from 2022 to 2028, reaching a valuation of US$ 17,335.8 Million by 2028.
- Niche Market: This market caters to a specific patient population with rare inflammatory diseases, often called orphan diseases, due to their limited prevalence. These diseases are complex, severe, and have high unmet medical needs.
- Innovation & Awareness: Rising awareness about rare diseases and advancements in medical research are fueling the market growth.
- Targeted Therapies: Development of targeted therapies and personalized treatment approaches are at the forefront, aiming to improve patient quality of life and potentially cure some diseases.
- Precision Medicine: The rise of precision medicine and breakthroughs in genetics are enabling researchers to tailor treatments to individual patient profiles, leading to promising results.
- Regulatory Incentives: Government agencies are introducing fast-track approvals and incentives to encourage research and development of treatments for rare diseases, attracting investment into this area.
- Hope for Patients: As our understanding of these diseases improves and treatment options expand, there is a renewed sense of hope for individuals and families battling rare inflammatory diseases.
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Rare Inflammatory Disease Treatment Market – Competitive Landscape:
Prominent treatment providers are emphasizing on advancing drug and treatment offerings by initiating a series of clinical studies as well as forging collaborative and acquisition agreements with existing pharmaceutical companies.
- In December 2021, Pfizer Inc. announced that it had reached a definitive agreement to acquire Arena Pharmaceuticals Inc., which is developing innovative possible treatments for a variety of immuno-inflammatory diseases. The proposed acquisition offers best-in-class treatment to address unmet clinical needs for more patients with immuno-inflammatory diseases
- Likewise, in November 2021, Regeneron Pharmaceuticals Inc. announced additional positive results from a Phase 3 trial run jointly with NIAID on the use of single dose of investigational REGEN-COV® 1,200 mg sub-cutaneous injections. The findings revealed that the drug successfully protects healthy individuals from contracting COVID-19 with a success rate of 81.6%
Key Companies Profiled:
- Novartis AG
- Abbvie Inc.
- Abbott Laboratories
- Regeneron Pharmaceuticals Inc.
- Swedish Orphan Biovitrum AB
- Pfizer, Inc.
- Valeant Pharmaceutical International Inc. (Bausch Health)
- Mallinckrodt Plc.
- Johnson & Johnson
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
Rare Inflammatory Disease Treatment Market by Region
- North America RID Treatment Market
- Latin America RID Treatment Market
- Europe RID Treatment Market
- Asia Pacific RID Treatment Market
- Middle East & Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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