Global Vasculitis Treatment Market Size By Drug Class (Corticosteroids, Immunosuppressants, Biologics), By Disease Type (Small Vessel Vasculitis, Medium Vessel Vasculitis), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Vasculitis Treatment Market Size By Drug Class (Corticosteroids, Immunosuppressants, Biologics), By Disease Type (Small Vessel Vasculitis, Medium Vessel Vasculitis), By Geographic Scope And Forecast
Vasculitis Treatment Market Size And Forecast
Vasculitis Treatment Market size was valued at USD 250.09 Million in 2023 and is projected to reach USD 369.84 Million by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
Global Vasculitis Treatment Market Drivers
The market drivers for the Vasculitis Treatment Market can be influenced by various factors. These may include
- Growing Incidence of Vasculitis The need for efficient treatments is being driven by the increasing prevalence of vasculitis, which includes a number of different forms such as giant cell arteritis, granulomatosis with polyangiitis, and Takayasu arteritis.
- Improvements in Diagnostic Tools and Techniques Early and more accurate diagnosis of vasculitis is now possible thanks to improved diagnostic tools and techniques such biomarkers and advanced imaging techniques, which is driving up demand for therapies.
- Creation of Targeted Therapies Developments in biotechnology and pharmacology have paved the way for the creation of biologics and other targeted therapies that can more successfully control the symptoms and course of vasculitis, propelling the market’s expansion.
- Increased Research and Development Pharmacies and academic institutions are making large investments in R&D, which is leading to the creation of novel and cutting-edge vasculitis treatment alternatives and driving the market even further.
- Growing Education and Awareness As patients and healthcare professionals become more knowledgeable about vasculitis, there is a greater need for treatment options as a result of improved illness recognition and management.
- Ageing Population Vasculitis and other autoimmune disorders are more common in the elderly population worldwide, which raises the need for therapy.
- Better Healthcare Infrastructure Better access to diagnostic and treatment options for vasculitis is being made possible by improvements in healthcare infrastructure, especially in emerging markets, which is propelling market expansion.
- Government Initiatives and financing The creation of novel vasculitis treatments is being aided by government financing and support for research on uncommon diseases and autoimmune disorders.
- Patient Advocacy and Support Groups The existence of patient advocacy groups and support networks is fostering market expansion by increasing public awareness of vasculitis and the need for efficacious therapies.
- Personalised Medicine Approaches Personalised medicine is becoming more and more popular in the therapy of vasculitis. It customises treatment regimens to each patient’s unique characteristics, improving treatment outcomes and increasing demand for cutting-edge medicines.
Global Vasculitis Treatment Market Restraints
Several factors can act as restraints or challenges for the Vasculitis Treatment Market. These may include
- Limited Diagnosis and Awareness Patients and even medical professionals frequently have little idea that vasculitis is a category of uncommon disorders. This may result in an incorrect or underdiagnosis, which would lower the demand for particular treatments.
- Expensive Treatment Immunosuppressive medications and biologics are two of the more costly vasculitis treatments. Patients may find the high cost prohibitive, particularly if they do not have full insurance coverage, which would restrain market expansion.
- hazards and Side Effects Immunosuppressive medications, in particular, are associated with a number of serious side effects and hazards related to treating vasculitis, including an increased risk of infection. These worries may restrict the application of these therapies and promote the hunt for safer substitutes.
- Regulatory Obstacles Because vasculitis is a rare and complicated disease, getting regulatory approval for new treatments can be difficult. Rare disease clinical trials frequently have trouble finding participants, and proving the safety and effectiveness of the trials requires a large amount of data.
- Problems with Reimbursement Patients may not be able to obtain essential medications if there are inconsistent reimbursement policies or if specific therapies are not covered. High-priced therapies may cause insurance companies to hesitate, which would affect patient affordability and market penetration.
- Heterogeneity of the Disease There are multiple forms of vasculitis, each with unique clinical presentations and underlying reasons. Because of this heterogeneity, developing a treatment plan that works for everyone is more difficult and necessitates personalised therapy, which can be more expensive and less scalable.
- Restricted Research and Development Compared to more prevalent diseases, vasculitis is a rarer condition, hence research and development funding is scarce. This may impede the release of novel and inventive therapies onto the market.
- Complex therapy Regimens Multiple drugs and thorough monitoring are often part of complex, long-term therapy regimens required for the management of vasculitis. Both patients and healthcare practitioners may find this intricacy taxing, which may have an effect on adherence and results.
- Economic Restrictions The accessibility and availability of medicines for uncommon diseases like vasculitis can be impacted by economic downturns and budgetary restrictions in the healthcare industry. Research and treatment funding for uncommon diseases can be scarce and inconsistent.
- Competition from Alternative Therapies Compared to more recent, probably more expensive but possibly more effective choices, patients and healthcare professionals may prefer alternative therapies like corticosteroids or older, well-known immunosuppressants.
Global Vasculitis Treatment MarketSegmentation Analysis
The Global Vasculitis Treatment Market is Segmented on the basis of Drug Class, Disease Type, And Geography.
Vasculitis Treatment Market, By Drug Class
CorticosteroidsImmunosuppressantsBiologics
Based on Drug Class, the market is segmented into Corticosteroids, Immunosuppressants, and Biologics. Because of superior clinical outcomes in patients with ANCA-associated vasculitis and prospective biological therapies in the pipeline with improved drug safety and efficacy, biologics are dominating the drug class sector. Cyclophosphamide remains the medicine of choice for the treatment of vasculitis when combined with prednisolone and is highly recommended in patients who have developed resistance to rituximab.
Vasculitis Treatment Market, By Disease Type
Small Vessel VasculitisMedium Vessel VasculitisLarge Arteries Vasculitis
Based on Disease Type, the market is segmented into Small Vessel Vasculitis, Medium Vessel Vasculitis, and Large Arteries Vasculitis. Because of the growing amount of immunocompromised patients with various big blood vessel vasculitis-related illnesses, the Large Arteries Vasculitis category maintained the largest market share. In addition, CD4 T cell-mediated Takayasu Vasculitis is becoming more common. Furthermore, small blood vessel vasculitis is expected to grow at the fastest rate in the market segment from 2020 to 2025, owing to an increase in the number of small blood vessel aneurysm cases reported among various groups of people and a rapid increase in the number of reported cases due to pesticide and chemical exposure.
Vasculitis Treatment Market, By Geography
North AmericaEuropeAsia PacificRest of the world
On the basis of Geography, the Global Vasculitis Treatment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is the leading region for the Global Vasculitis Treatment Market owing to increasing healthcare awareness. In addition, the rise in circulatory diseases namely, peripheral vascular diseases also accentuates the growth in this region. The market in the Asia-Pacific region is expected to grow a significant due to a rise in disposable income and increasing healthcare awareness. North America dominates the geography segment of the Vasculitis Treatment Market with a share in 2020.
The increasing prevalence of a large vessel vasculitis among the mainstream population, such as giant cell arteritis and Takayasu arteritis has fuelled the market growth in this region. The presence of a well-developed healthcare infrastructure and key market players in this region have further helped in the growth of the Vasculitis Treatment Market infrastructure. Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2021-2028. This is owing to the growth of the healthcare sector in developing countries such as India and China, growing health awareness among the masses, and increasing government initiatives to aid the research activities of vasculitis treatment.
Key Players
The “Global Vasculitis Treatment Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Celgene Corporation, Merck & Co, Novartis AG, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Bristol-Myers Squibb Company, RNL BIO Co., Ltd., Teijin Pharma Limited, Anthera Pharmaceuticals‚ Inc., Human Genome Sciences, Inc., Baxter International, AstraZeneca, Genentech, Inc., and Johnson & Johnson Services, Inc.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Celgene Corporation, Merck & Co, Novartis AG, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Bristol-Myers Squibb Company, RNL BIO Co. |
SEGMENTS COVERED | • By Drug Class• By Disease Type• By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionCompetitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiledExtensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market playersThe current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regionsIncludes in-depth analysis of the market of various perspectives through Porter’s five forces analysisProvides insight into the market through Value ChainMarket dynamics scenario, along with growth opportunities of the market in the years to come6-month post-sales analyst support
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