Uploaded on Feb 28, 2020
Gout Disease Treatment Market
Gout Disease Treatment Market - Size, Share, Outlook, and Opportunity
Analysis, 2020 – 2027
Gout is the condition that is characterized by formation of excess of uric acid in
body tissues that results in the formation of crystals of monosodium urate.
Symptoms of gout includes intense pain, swelling, and stiffness in the joints. The
progression stages of gout includes asymptomatic hyperuricemia (gout), acute gout,
interval or intercritical gout, chronic tophaceous gout, and pseudogout. Anti-gout
drugs are available in oral and injectable dosage form. Orally administered drugs
such as nonsteroidal anti-inflammatory drugs, corticosteroids, and colchicine are
equally effective in the treatment of acute gout. Most of the major brands such as
Zurampic, Duzallo, Zyloprim, Celebrex, and Voltaren are available in oral dosage
form in the market. Thus, availability of such orally administered drugs is expected
to drive growth of global gout disease treatment market over the forecast period.
The global gout disease treatment market was valued atUS$ 2,385.7million in 2018, and is expected
to exhibit a CAGR of6.7%during the forecast period (2019–2027).
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Increasing pipeline studies to develop novel anti-gout drugs is expected to drive the
global gout disease treatment market growth over the forecast period. For instance,
Arthrosi Therapeutics, will initiate phase 2 clinical trial study in December 2019 to
evaluate the pharmacodynamics and pharmacokinetic profile, safety, and tolerability
of AR882 (drug candidate) alone or in combination with febuxostat or allopurinol,
when administered to gout patients. The study is estimated to be completed by June
2020.
Moreover, increasing product approvals by regulatory authority is expected to drive
growth of the gout disease treatment market. For instance, in December 2018,
SunGen Pharma, a privately held company, received the U.S. FDA approval for
Prednisone (generic version of Deltasone), a drug with various strengths 10 mg, 20
mg, and 50 mg tablets to treat various conditions such as arthritis, gout, blood
disorders, immune system disorders, and others.
Penetration of generic version of anti-gout drugs is expected to provide growth
opportunities to market players, in order to increase their share in gout disease
treatment market.
Most of the gout drugs are associated with severe side effects, which is expected to
decrease demand for these drugs. Nonsteroidal anti-inflammatory drugs (NSAIDs)
may cause some gastric problems such as indigestion. In few cases, these drugs can
cause gastric ulcers, bleeding, and rashes in gastrointestinal (GI) tract. Moreover,
side effects such as intolerability and contraindication is expected to limit the usage
of these drugs in treatment of gout. For instance, in February 2019, the U.S. Food
and Drug Administration (FDA) has added a new boxed warning for febuxostat, due
to increased risk of death associated with Uloric (febuxostat) compared to other gout
medicine, allopurinol. Febuxostat belongs to the urate-lowering agents.
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Based on region, the global gout disease treatment market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to hold a dominant position in the
market, owing to presence of major players and non-profit organizations in the
region. These market players and non-profit organizations are focused on launching
new programs and awareness campaigns to educate people about gout disease and
help healthcare practitioners in the treatment of gout disease. For instance, in May
2016, Takeda Pharmaceuticals U.S.A., Inc. and Arthritis Foundation launched a
program, Let’s Speak Gout, based on new joint research to enhance disease
management in patients with gouty arthritis.
Moreover, Europe gout disease treatment market is expected to exhibit significant
growth over the forecast period, owing to increasing regulatory approval of the
products indicated for the treatment of gout disease. For instance, in August 2018,
Grünenthal GmbH received marketing authorization from European Union for its
product Duzallo (Allopurinol and Lesinurad), a fixed-dose combination (FDC) therapy
indicated for the treatment of hyperuricaemia in adult gout patients. The marketing
authorization was granted for 28 European Union member states and European
Economic Area (EEA) countries, Norway, Iceland, and Liechtenstein.
Key players operating in the global gout disease treatment market include
AstraZeneca Plc, Takeda Pharmaceutical Company Limited, Novartis International
AG, Teijin Pharma Limited, Simcere Pharmaceutical, JW Pharmaceutical Corporation,
Horizon Therapeutics Plc., Hikma Pharmaceuticals Plc, Ironwood Pharmaceuticals,
Inc., CymaBay Therapeutics, Inc., and Zyla Life Sciences (Pty) Ltd.,
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About us:
Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: [email protected]
Visit our Blog: https://hospitalhealthcareblog.wordpress.com/
About us:
Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: [email protected]
Visit our Blog: https://hospitalhealthcareblog.wordpress.com/
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