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Gout Therapeutics Market Size Is Projected To Be Around $8 Billion By 2025

 



(Medical-NewsWire.com, October 16, 2017 ) Gout therapeutics is the most common form of inflammatory arthritis worldwide. It is characterized by pain, redness and tenderness in joints. Gout is crystal-deposition disease due to over production of uric acid above saturation level leading to crystal formation. The incidence of gout has been increasing rapidly worldwide with every six individuals in 1,000 suffering from gout and its related complications based on study conducted by US National Health and Nutrition Examination Surveys (NHANES). Gout conditions are more prevalent in men between ages of 40 to 50 whereas in women chances of developing gout infections increases after onset of menopause. Hence, rising incidence of gout will demand more advanced drugs for treating gout and its related conditions. Gout therapeutic market is expected to witness significant growth due to rise in elderly population, rise in obesity and approval of effective gout therapies.



Non-steroidal anti-inflammatory drugs (NSAIDs) segment dominated the global market in 2016. This can be attributed to number of factors such as low cost of NSAIDs, easy availability, and ability to induce anti-inflammatory response faster than other available drugs for gout attacks. Additionally, introduction of advanced and new drugs (such as TMX 67, Krystexxa, and Zurampic) for gout treatment, increase in adoption rate of gout drugs, and huge investments for drug designing and development are set to further drive the demand for NSAIDS. Corticosteroids segment is expected to witness slow growth due to reoccurrence of gout attack after withdrawal of steroids/drugs. Urate lowering drugs segment has seen tremendous growth in last few years due to their ability of producing strong anti-inflammatory response by inhibiting xanthine oxidase.



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Gout Therapeutic Market, By Product Type, Estimates and Forecast, 2016-2025 ($Million)



NSAIDs Solid Scaffolds

Corticosteroids

Colchicines

Urate-lowering Agents



Gout Therapeutic Market, By Disease Condition, Estimates and Forecast, 2016-2025 ($Million)



Chronic Gout

Acute Gout



Gout Therapeutic Market, By Region, Estimates and Forecast, 2016-2025 ($Million)

North America



North America Gout Therapeutic Market, By Country

North America Gout Therapeutic Market, By Product Type

North America Gout Therapeutic Market, By Disease Condition

U.S. Gout Therapeutic Market, By Product Type

U.S. Gout Therapeutic Market, By Disease Condition

Canada Gout Therapeutic Market, By Product Type

Canada Gout Therapeutic Market, By Disease Condition

Mexico Gout Therapeutic Market, By Product Type

Mexico Gout Therapeutic Market, By Disease Condition



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We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.



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Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.



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