Global Gout Therapeutics Market 2021 is expected to register a CAGR of 15%, during forecast period with Impact of Covid 19 Analysis

Gout

Global “Gout Therapeutics Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Gout Therapeutics in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Gout Therapeutics Market report categorizes the market based on manufacturers, regions, type, and application. Gout Therapeutics Market reports offer a detailed assessment of the Gout Therapeutics including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Gout Therapeutics market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Gout Therapeutics Market Overview

The Gout Therapeutics Market is expected to grow, at a CAGR of approximately 15% during the forecast period. The recent years has observed growing acceptance of the drugs owing to their capability to yield powerful anti-inflammatory action, with several others currently undergoing clinical trials which are anticipated to be marketed during the forecast period and are expected to drive the market. Some of the marketed products include Krystexxa, Colcrys, Zyloprim, among others which is the approved by the US FDA for gout. On the basis of regional analysis, North America is among the most lucrative region owing to increased awareness in society, multiple major player’s wide presence with their branded products, increasing use of imaging modalities to diagnose gout in better healthcare facilities.

Increasing Alcohol Consumption and the Associated Risk of Gout to Induce a Surge in the Gout Therapeutics Market

There are several studies conducted in past to relate the lifestyle factors contributing to Gout prevalence. Among them, as per a 2015 publication in the “American Journal of Medicine”, it was reported that there was a significant dose-response relationship between the amount of alcohol consumption and risk of recurrent gout attacks. Similar results were replicated by other studies. As per the National Survey on Drug Use and Health (NSDUH) conducted in 2015, it was found that 86.4 % of people aged 18 or older reported drinking alcohol at some point in their lifetime. 70.1 % reported that they drank in the past year; 56.0 % reported that they drank in the past month. Based on the above-mentioned statistics and considering the association between alcoholism and gout it can be expected that increasing alcohol consumption among the primary factor driving the gout therapeutics market over the forecast period.
Other contributing drivers include rising adoption of biologics, with increased R&D on regenerative medicines and technological advancements in imaging modalities improving the gout understanding and clinical applications.

Side Effects of Gout Therapeutic Drugs to Impede the growth of Gout Therapeutics Market

Colchicine is the most common drug deployed for the treatment of gout. Colchicine-induced myopathy and neuropathy might be more recurrent than formerly recognized, and hence patients undergoing long-term therapy must be supervised continuously. Bone marrow depression has been informed, mainly in cases of severe colchicine intoxication, and intravenous administration of the drug has been associated with acute pancytopenia and in some cases even death. Because of its cytogenic effects and reported association with Down’s syndrome, the agent should not be used by pregnant women. In addition, the adverse effects affects the complete treatment procedure which raising multiple other disorders such in 2018, high rates of cardiovascular events were reported from the drug febuxostat. Along with slow awareness, these limitations of gout therapeutics results are expected to hamper the growth of the gout therapeutics market.
Another limitation considered under the scope of the study include high indirect cost associated with gout therapeutics.

Asia-Pacific to Emerge as the Fastest Growing Region for the Gout Therapeutics Market

The Asia Pacific countries are anticipated to witness the fastest growth over the forcasted period for this market with the presence of several high econmically growing countries such as India, China, South Korea, and other South Asian countries. The factors such as diversified patient pool, increasing investment by major players with local manufacturers and hospital chains such as Brii Biosciences launched “bring innovative medicines to chinese patients” in collaboration with several pharma firms globally including Ardea Biosciences (AstraZeneca) for gout, raises the growth opportunities and adoption rate in the emerging markets. Additionally, lifestyle factors such as increasing smoking prevalence & alcohol consumption and stressed lifestyle is likely to boost the incidence of gout over the period, 2018-2023.

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The global Gout Therapeutics market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Gout Therapeutics Market Report covers the Top Key-players in 2021:-

  • AstraZeneca plc
  • Boehringer Ingelheim
  • GlaxoSmithKline plc
  • Horizon Pharma plc
  • Merck & Co. Inc
  • Novartis
  • Regeneron Pharmaceuticals
  • Savient Pharmaceuticals
  • Takeda Pharmaceutical Company Ltd.
  • and Teijin Pharma Ltd
  • among others.

Highlighted points of Gout Therapeutics Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Gout Therapeutics Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Gout Therapeutics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Gout Therapeutics Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Gout Therapeutics Market? What Was Capacity, Production Value, Cost and PROFIT of Gout Therapeutics Market?
  • What Is Current Market Status of Gout Therapeutics Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Gout Therapeutics Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Gout Therapeutics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Gout Therapeutics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Gout Therapeutics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Gout Therapeutics Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Gout Therapeutics Industry?

Key Developments in the Gout Therapeutics Market:

  • May, 2018: National Gout Awareness Day and the American Kidney Fund (AKF) collaborated and secured grant to develop gout education campaign and its connection with kidney disease.
  • Aug, 2017: Ironwood Pharmaceuticals received US Food and Drug Administration (US FDA) approval of DUZALLO (lesinurad and allopurinol), for the patient treatment suffering from Hyperuricemia, an uncontrolled gout.

    Reasons to Purchase the Gout Therapeutics Market Report

  • Current and future Gout Therapeutics Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the market estimate sheet (in Excel)

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    Finally, the report Global Gout Therapeutics Market 2021 describes the Gout Therapeutics industry expansion game plan, the Gout Therapeutics industry knowledge supply, appendix, analysis findings, and the conclusion.

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