Uploaded on Jul 9, 2020
The global gout therapeutics market size is expected to reach USD 6,304.8 million by 2026 according to a new study by Polaris Market Research. The report “Gout Therapeutics Market Share, Size, Trends, Industry Analysis Report, By Drug Class (Non-steroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids, Colchicine, Urate Lowering Agents) Disease Condition (Acute, Chronic); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
gout-therapeutics-market
Gout Therapeutics Market
Set to Exceed $6,304.8 Million By 2026 | CAGR 14.8%
“Gout Therapeutics Market Share, Size, Trends, Industry
Analysis Report, By Drug Class (Non-steroidal Anti-
Inflammatory Drugs (NSAIDs), Corticosteroids, Colchicine,
Urate Lowering Agents) Disease Condition (Acute, Chronic);
By Regions, Segments & Forecast, 2020 - 2026”
Gout Therapeutics Market Estimate & Forecast to 2026
The global gout therapeutics market size is expected to reach USD 6,304.8 million by 2026
according to a new study by Polaris Market Research.
The incidence and prevalence of gout has increased over two-fold in past 20 years. This
growth combined with increasing occurrence of comorbid conditions and cardiovascular risk
factors represents a significant public health challenge. Globally, the developed countries
tend to have a higher burden of gout compared to the developing countries, and also have
increasing prevalence of this disease. There are various factors including genetic history,
and ethnicity that could lead to occurrence of gout. Also, socioeconomic and dietary factors,
as well as comorbidities and medications that can influence uric acid levels and facilitate
MSU crystal formation, are also important in determining the risk of developing clinically
evident gout.
Increasing geriatric population, and growing prevalence of this condition associated with this
growing elderly population are the primary factors driving the growth of the industry.
According to a study published in the Modern Medicine, elder population are more prone to
develop tophi and the prevalence of metabolic syndrome among the elder population with
gout was 62%. Currently, the geriatric population is growing at an extraordinary rate.
According to the data published by the United Nations in 2012, global geriatric population
was nearly 809.4 million inC op2yr0igh1t ©1 P olarins Mdar keits R esaeanrcthi &c Ciopnsaultineg dLL P t2o01 8.g Alrl Roigwhts Rmeseorverde than double and reach 2
over 2,000 million by 2050.
Gout Therapeutics Market Scope
By Drug Class By Disease Condition By Region
•Non-steroidal Anti-Inflammatory Drugs • Acute •North America (U.S., Canada)
(NSAIDs) • Chronic •Europe (Germany, UK, France, Italy, Spain)
•Corticosteroids •Asia Pacific (China, India, Japan, South Korea)
•Colchicine •Latin America (Brazil, Mexico, Colombia)
•Urate Lowering Agents •MEA (Saudi Arabia, South Africa, Israel, UAE)
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Gout Therapeutics Market Estimate & Forecast to 2026
Furthermore, Europe also has a significant share in the global industry. Various international
companies have been launching new products in the European market. For instance, in
August 2018, Grünenthal received European approval for Duzallo (lesinurad/allopurinol) and
extended its gout portfolio. However, Asia-Pacific is projected to witness a fastest growth
during the forecast period. This highest growth is mainly anticipated due to the presence of
several high economically growing countries such as India, China, South Korea, and other
South Asian countries. Increasing number of people linked with smoking and alcohol
consumption, growing population, increasing need for effective therapies, and growing
expansion of local and international players in this regional segment are also fueling the
growth of gout therapeutics market in this region.
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The key players in the industry include AstraZeneca, Horizon Pharma Plc, Takeda
Pharmaceutical Company Limited, GlaxoSmithKline plc, Novartis AG, Merck & Co. Inc., Teijin
Pharma Limited, Regeneron Pharmaceuticals, Inc, Ironwood Pharmaceuticals, Inc., JW
Pharmaceutical, Selecta Biosciences, Inc., and Grunenthal Group among others.
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Gout Therapeutics Market Size
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