2014-02-27 00:05:03 - Rheumatoid Arthritis (RA): World Drug Market 2013-2023 - a new market research report on companiesandmarkets.com
The global rheumatoid arthritis (RA) drug market will generate revenue of $38.5bn in 2017. The overall market for RA drugs will expand during the first half of the forecast period, although with declining annual growth. That revenue expansion is limited by the patent expiry of the leading NSAID, Celebrex, as well as increasing competition and market saturation. Also, the world RA medicines market will have negative growth from 2018 to 2023, as a result of patent expiry of the leading biologic drugs and competition from biosimilars (follow-on biologics).
he strengths of the RA drug market stem from the high profile of the disease, which requires long term drug treatment, generating high volumes of sales. Also, variability in response rates among patients
means that the market can support a high number of products. The market will also be supported by a well stocked R&D pipeline.
However, patent protection for many of the leading biologic drugs is expected to expire during our forecast period. Changes in legislation around the world, including the US, mean that biosimilars will be approved for marketing. Competition from biosimilars poses a threat to this sector, especially as revenue from biologic drugs currently forms 87.5% of the total RA drug market.
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