Global Vasculitis Treatment Market Expected to Hit US Dollar

Portland, OR, Oct. 31, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Vasculitis Treatment Market was estimated to reach $250.1 million in 2021 and is projected to reach $350.1 million by 2031, registering a CAGR of 3.4% from 2022 to 2031. The report provides a detailed analysis of the major pockets of investment, winning strategies, drivers & opportunities, market size & estimates, competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
Market size in 2031 $350.1 million
CAGR 3.4%
Number of pages in the report 275
Segments Covered Distribution channel, drug class, disease type and region.
Drivers Rising prevalence of vasculitis and its treatment Increase in the incidence of chronic diseases, which has increased the demand for vasculitis drugs
Opportunities Increase in the rate of adoption of organic products and its development by market players
Constraints Potential Negative Effects of Using Corticosteroids

Covid-19 scenario-

  • Due to the recommendations to maintain social distancing, many people treated their illnesses through self-medication or other unconventional methods, which negatively impacted the vasculitis treatment market.
  • However, as the global situation started to get back on track, the vasculitis treatment market also recovered at a slow and steady pace.

The global vasculitis treatment market is analyzed across distribution channel, drug class, disease type, and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.

Purchase order :

By distribution channel, the hospital pharmacy segment held more than half of the total market revenue in 2021 and is expected to dominate by 2031. The pharmacy and retail pharmacy segment would also show the fastest CAGR of 3.8 % throughout the forecast period.

Based on drug class, the corticosteroids and immunosuppressants segment generated around three-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The biologics segment, on the other hand, would project the fastest CAGR of 4.1% throughout the forecast period.

By disease type, the small and medium vessel vasculitis segment held nearly three-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 3.6% throughout the forecast period.

Based on region, the global market in North America generated more than two-fifths of the total market revenue in 2021 and is expected to retain the lion’s share by 2031. The Asia-Pacific region, in the same time, would manifest the fastest CAGR of 4.1% during the forecast period. Other provinces analyzed in the report include Europe and LAMEA.

Major market players analyzed in the global vasculitis treatment market report include Amgen Inc., Amneal Pharmaceuticals, Inc., Pfizer Inc., F. Hoffmann-La Roche AG, Teva Pharmaceuticals Industries Ltd, GlaxoSmithKline plc, AbbVie Inc., InflaRx NV, Novartis AG and Staidson Biopharma Inc. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.

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