The market for the treatment of Eosinophilic Granulomatosis With Polyangiitis is expected to reach US$173.8 million by 2023, growing at a CAGR of 5.2%. The healthcare market is expected to grow to US$ 288.5 million by 2033 as a result of technological advancements.
The market for treating eosinophilic granulomatosis with polyangiitis is expected to grow during the forecast period due to the strong product pipeline and upcoming launches.
The growing occurrences of churg strauss syndrome and other allergic reactions and asthma, rising geriatric population, and growing incidences of churg Strauss syndrome in children are expected to drive the growth of the market during the assessment period.
The increasing awareness among patients regarding this condition and the availability of effective therapeutics are projected to bolster the eosinophilic granulomatosis with polyangiitis treatment market in developed economies. Furthermore, with the rising support from government organizations and the development of the healthcare facilities and infrastructure are projected to supplement the development of the overall market in the forecast period.
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The development of modern therapeutics and the increasing number of players with a strong drug pipeline are considered as the key factors that are likely to contribute substantially towards the development of the global eosinophilic granulomatosis with polyangiitis treatment market in the next few years.
The manufacturers are involved in the production of eosinophilic granulomatosis with polyangiitis treatment market in a larger capacity. Research and innovation are also conducted to launch innovative products for eosinophilic granulomatosis with polyangiitis therapeutics.
North America dominates the eosinophilic granulomatosis with polyangiitis treatment market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.
Key Takeaways from the Market Study
- As of 2023, the eosinophilic granulomatosis with polyangiitis treatment market was valued at US$ 173.8Million
- From 2023 to 2033, the eosinophilic granulomatosis with polyangiitis treatment industry is poised to grow at 5.2% CAGR
- By 2033, the eosinophilic granulomatosis with polyangiitis treatment market is slated to reach a valuation of US$ 288.5 Million
- Based on the distribution channel, hospital pharmacy segment accounts for market share of 35.7% during the forecast period.
- China is poised to yield a CAGR of 4.8% with respect eosinophilic granulomatosis with polyangiitis treatment in 2033.
“Growing healthcare spending and growing the incidence of asthma across the world and rapid rise in the geriatric population are expected to radically transform the market in the coming years,” comments an analyst at FMI.
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Competitive Landscape
Some of the key players present in the global eosinophilic granulomatosis with polyangiitis treatment markets are Genentech Inc., F. Hoffmann-La Roche AG, Cephalon Inc., Teva Pharmaceutical Industries Ltd., Amgen Inc., Sanofi S.A., Koninklijke DSM N.V, AstraZeneca, Novartis International AG, GlaxoSmithKline LLC, Baxter Healthcare Corporation and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industries.
- In April 2021 — Genentech, a member of the Roche Group announced that the U.S. Food and Drug Administration (FDA) has approved the company’s supplemental Biologics License Application for Xolair®(omalizumab) prefilled syringe for self-injection across all approved U.S. indications. Xolair is the only FDA-approved biologic designed to target and block immunoglobulin E (IgE) for the treatment of moderate to severe persistent allergic asthma, chronic idiopathic urticaria (CIU) and nasal polyps.
- In December 2020- Amgen announced that the S. Food and Drug Administration (FDA) has approved RIABNI™ (rituximab-arrx), a biosimilar to Rituxan® (rituximab), for the treatment of adult patients with Non-Hodgkin’s Lymphoma (NHL), Chronic Lymphocytic Leukemia (CLL), Granulomatosis with Polyangiitis (GPA) (Wegener’s Granulomatosis), and Microscopic Polyangiitis (MPA).
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Key Segments Covered in Eosinophilic Granulomatosis with Polyangiitis Treatment Market Industry Survey
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Drug Class:
- Steroids
- Immunosuppressant
- Biologics
- Immune Globulins
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Route of Administration:
- Oral
- Intravenous
- Intramuscular
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Distribution Channel:
- Hospital Pharmacies
- Drug stores
- Retail Pharmacies
- Online Pharmacies
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