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Rheumatoid arthritis is badociated with an autoimmune disease that causes inflammation of the body's joints and affects muscles, connective tissues, joints, fibrous tissues and tendons. Rheumatoid arthritis has a major negative effect on the ability to perform daily activities related to health, including work and household chores, and increases mortality.Rheumatoid arthritis strikes the 20 to 40 years, the most productive years of adult, and is a condition of chronic immobilization often causing deformities and pain. The prevalence of rheumatoid arthritis varies between 0.3% and 1% and is more common in developed countries, mainly among women. Rheumatoid arthritis causes disability, premature death and undermines the quality of life in developing and industrialized countries. Rheumatoid arthritis is a universal inflammatory disease that is established in various joints of the body. This inflammation usually transforms the body's organs but can also affect the wall of the joints. This inflamed joint lining tends to disintegrate bone and joint deformity and sometimes causes cartilage.
Rheumatoid arthritis market: divers and restraints
The main factor that will drive the growth of the rheumatoid arthritis market is the growth of the geriatric population around the world. In addition, some indications suggest that people who smoke often have a high risk of developing rheumatoid arthritis. The market for rheumatoid arthritis treatments is expected to grow in the coming period due to the growing demand for more effective drugs and better medical facilities. Rheumatoid arthritis affects 1.3 million Americans and the number of people with rheumatoid arthritis is identical to that worldwide. Factors such as the high level of research and development and the high cost treatment will hinder the growth of the rheumatoid arthritis market.
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Rheumatoid Arthritis Market: Segmentation
The market for rheumatoid arthritis treatments is segmented on the basis of drugs, treatment and end-users as follows:
Based on the type of drug, the market for rheumatoid arthritis treatment is segmented as follows:
- Nonsteroidal anti-inflammatory drugs (NSAIDs)
- corticosteroids
- Anti-rheumatic disease modifying (DMARD)
Based on the type of drug, the market for rheumatoid arthritis treatment is segmented as follows:
- synovectomy
- Tendon repair
- Joint merger
Based on end-users, the market for rheumatoid arthritis treatment is segmented as follows:
- Hospital
- Diagnosis centers
- Ambulatory surgical centers
Rheumatoid Arthritis Market: Overview
At the global level, the market for rheumatoid arthritis treatments is growing rapidly. The rheumatoid arthritis market will experience significant growth due to increased FDA approvals for rheumatoid arthritis medications, biosimilars, and the use of alternative and complementary medicines. Market participants offer several medications that can stop rheumatoid arthritis, reduce the risk of further problems and worsening. The market for rheumatoid arthritis treatments will be motivated by increased public awareness, innovation and the development of modern technologies to treat rheumatoid arthritis.
Rheumatoid Arthritis Treatment Market: Regional Overview
On the basis of geography, the rheumatoid arthritis treatment market is divided into five key regions: North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. North America dominates the rheumatoid arthritis market due to the growing prevalence of rheumatoid arthritis disorders and the large number of patients with rheumatoid arthritis. Europe has experienced significant growth in the last decades in the rheumatoid arthritis market. The rheumatoid arthritis market will experience record CAGR growth for the Asia-Pacific region over the forecast period due to factors such as increased health expenditures, increased obesity and increasing cigarette consumption in the region. The Middle East and Africa will experience moderate growth in the rheumatoid arthritis market due to the high cost of treatment for this disease.
Rheumatoid Arthritis Treatment Market: Actors
AbbVie Inc., Johnson & Johnson Services, Amgen Inc., Pfizer, Cadila Healthcare Ltd., Novartis AG, AstraZeneca, and F. Hoffman-La, are among the global players in the global rheumatoid arthritis market identified through the chain Roche Ltd, Bristol-Myers Squibb, GlaxoSmithKline and Abbott. Increasing competition among key players in the rheumatoid arthritis market will stimulate market growth over the forecast period.
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