global Lupus Therapeutic Market Growth Accelerated

Lupus Therapeutic Market


Lupus therapeutic products provide relief from the symptoms and complications associated with lupus. The products available are corticosteroids, non-steroidal anti-inflammatory drugs (NSAIDs), 
antimalarials, immunosuppressants and biologics. Corticosteroids help reduce joint swelling, pain and inflammation. NSAIDs aid in reducing fever and pain. Antimalarials are used for skin and joint problems. Immunosuppressants suppress the immune system to minimize symptoms. Biologics target specific components of the immune system.

The global Lupus Therapeutic Market is estimated to be valued at US$ 3035.59 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Increasing research and development activities for developing novel biologic therapies is one of the key trends in the global lupus therapeutic market. Various biotechnology and pharmaceutical companies are conducting clinical trials to develop targeted biologic therapies with high efficacy and fewer side effects. For instance, Anthropic, PBC is conducting clinical trials for its AI-based drug candidate called Pretronix which selectively targets B cells that trigger lupus. Similarly, Aurinia Pharmaceuticals Inc. has received FDA approval for Lupkynis (voclosporin), a novel oral therapy targeting T cell mediated inflammation for the treatment of lupus nephritis. Such ongoing research and development activities are expected to push the market growth over the forecast period.

Segment Analysis
The global lupus therapeutic market is segmented by drug class, route of administration, distribution channel and geography. Based on drug class, the market is segmented into corticosteroids, non-steroidal anti-inflammatory drugs (NSAIDs), antimalarials, immunosuppressants and others. Amongst these, the immunosuppressants segment dominates the market owing to their high usage in treating lupus. These drugs act by suppressing the immune system thereby reducing inflammation in the body.

Key Takeaways

Global Lupus Therapeutic Market Demand is estimated to be valued at US$ 3035.59 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030.

Regional analysis: North America dominates the market owing to high awareness levels about lupus, presence of key market players and established healthcare infrastructure in the region. Asia Pacific is expected to witness fastest growth during the forecast period due to rising incidences of lupus, rise in healthcare spending and growing focus of key players.

Key players: Key players operating in the lupus therapeutic market are GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Pfizer Inc., AstraZeneca, Merck & Co., Inc., Bristol-Myers Squibb Company, Anthera Pharmaceuticals, Inc., ImmuPharma PLC and Aurinia Pharmaceuticals, Inc. GlaxoSmithKline plc dominates the market owing to its broad product portfolio and high brand recognition. The company focuses on partnerships and new product launches to strengthen its position in the market.

Check Below Trending Articles on related Topic- https://allmeaninginhindi.com/guardians-of-code-fortifying-your-application-against-digital-intruders/

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more