The gout therapeutics market is projected to witness a significant growth during the forecast period. The gout therapeutics market growth is driven by various driving growth factors, however growing geriatric population and increasing prevalence of gout, due to changing lifestyle pattern majorly influence the market growth. Increasing alcohol consumption, rising purine diet consumption, growth in cases of obesity and various health issues are results of changing lifestyle pattern.
Furthermore, continuous research and development activities focusing on innovating gout treatment agents and increasing awareness related to treatment of gout through therapies are further adding impetus to the market growth. Moreover, increasing adoption of biologics because of their ability to produce powerful anti-inflammatory action is likely to drive the market during the forecast period. Also, several other drugs that are in clinical trials currently are expected to be launched during the forecast period, and are likely to propel the industry.
However, patent expiry of blockbuster products, increasing competition in the generic sector, and high cost of the newly launched drugs are likely to hamper the growth of this market during the forecast period.
Covid-19 Impact on Gout Therapeutics Market:
In addition, the current Gout Therapeutics Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Gout Therapeutics Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Gout Therapeutics Market Segment Overview
Based on drug class, the market is segmented into Non-steroidal Anti-inflammatory Drugs (NSAIDs), corticosteroids, colchicine, and urate lowering agents. In 2019, NSAIDs accounted for the largest market share due to high market penetration, low cost, and large number of operating players in the segment. Urate lowering agent segment is expected to observe the highest growth during the forecast period from 2020 - 2026.
Based on disease condition, the global gout therapeutics market is segmented into acute and chronic gout. The chronic segment accounted for the largest market share in 2019. This is attributed to introduction or commercialization of various drugs for chronic gout and high cost of medicine. Urate lowering agents are utilized in chronic gout. Whereas, colchicine, NSAIDs, and corticosteroids are preferred in acute gout.
Market Analysis, Insights and Forecast – By Drug Class
· Non-steroidal Anti-inflammatory Drugs (NSAIDs)
· Corticosteroids
· Colchicine
· Urate Lowering Agents
Market Analysis, Insights, and Forecast – By Disease Condition
· Acute
· Chronic Gout
Gout Therapeutics Market Regional Overview
The global gout therapeutics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In 2019, North America held the largest market share due to the presence of major market players, affordability for high-cost biologics and urate lowering agents, early introduction of drugs in the US, and presence of large patient base. Asia Pacific is expected to observe the fastest growth during the forecast period due to increasing investment of market players in the region, rising awareness and healthcare spending, and expected entry of drugs in the region.
Gout Therapeutics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Gout Therapeutics Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Gout Therapeutics are highlighted below.
· In January 2019, Horizon Pharma plc and HemoShear Therapeutics announced a collaboration to discover and develop novel therapeutics for gout.
Gout Therapeutics Market, Key Players
· 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.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Gout Therapeutics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Drug Class
- 5.2.1. Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- 5.2.2. Corticosteroids
- 5.2.3. Colchicine
- 5.2.4. Urate Lowering Agents
- 5.3. Market Analysis, Insights, and Forecast – By Disease Condition
- 5.3.1. Acute
- 5.3.2. Chronic Gout
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Gout Therapeutics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Drug Class
- 6.2.1. Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- 6.2.2. Corticosteroids
- 6.2.3. Colchicine
- 6.2.4. Urate Lowering Agents
- 6.3. Market Analysis, Insights, and Forecast – By Disease Condition
- 6.3.1. Acute
- 6.3.2. Chronic Gout
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Gout Therapeutics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Drug Class
- 7.2.1. Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- 7.2.2. Corticosteroids
- 7.2.3. Colchicine
- 7.2.4. Urate Lowering Agents
- 7.3. Market Analysis, Insights, and Forecast – By Disease Condition
- 7.3.1. Acute
- 7.3.2. Chronic Gout
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Gout Therapeutics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Drug Class
- 8.2.1. Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- 8.2.2. Corticosteroids
- 8.2.3. Colchicine
- 8.2.4. Urate Lowering Agents
- 8.3. Market Analysis, Insights, and Forecast – By Disease Condition
- 8.3.1. Acute
- 8.3.2. Chronic Gout
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Gout Therapeutics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Drug Class
- 9.2.1. Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- 9.2.2. Corticosteroids
- 9.2.3. Colchicine
- 9.2.4. Urate Lowering Agents
- 9.3. Market Analysis, Insights, and Forecast – By Disease Condition
- 9.3.1. Acute
- 9.3.2. Chronic Gout
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2020
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AstraZeneca
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Horizon Pharma Plc
- 10.6. Takeda Pharmaceutical Company Limited
- 10.7. GlaxoSmithKline plc
- 10.8. Novartis AG
- 10.9. Merck & Co. Inc.
- 10.10. Teijin Pharma Limited
- 10.11. Regeneron Pharmaceuticals, Inc.
- 10.12. Ironwood Pharmaceuticals, Inc.
- 10.13. JW Pharmaceutical
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
