Ankylosing Spondylitis Market – By Treatment (NSAIDs, Biologic Therapies [TNF, IL-17 Inhibitors], JAK Inhibitors), Route of Administration (Parenteral, Oral), Type (Prescription, OTC), Application, Distribution Channel, Global Forecast (2024 – 2032)
Report ID: GMI10134
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Published Date: July 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 12
Tables & Figures: 384
Countries covered: 22
Pages: 220
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Ankylosing Spondylitis Market
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Ankylosing Spondylitis Market Size
Ankylosing Spondylitis Market size accounted for USD 5.9 billion in 2023 and is anticipated to showcase growth at 8.2% CAGR from 2024 to 2032, due to increasing prevalence of ankylosing spondylitis. The improved diagnostic techniques have led to more cases being diagnosed.
Additionally, patient education initiatives have raised awareness about the disease among both patients and healthcare providers, resulting in earlier diagnosis and timely treatment. Thus, a combination of factors, including advancements in treatment options, increasing prevalence and awareness of the disease, and improved diagnostic methods significantly contributes to the market growth.
Furthermore, advancements in treatment options have significantly impacted the ankylosing spondylitis market. The introduction and widespread adoption of biologic therapies, such as TNF inhibitors and IL-17 inhibitors, have transformed the management of ankylosing spondylitis by improving patient outcomes. Moreover, the development of JAK inhibitors has also provided new treatment options for patients who do not respond to conventional therapies, further driving market growth.
Ankylosing spondylitis (AS) is a chronic inflammatory arthritis primarily affecting the spine and sacroiliac joints, causing persistent pain, stiffness, and eventual fusion of joints. It often starts with inflammation in the lower back and can progress to other joints and ligaments, impacting mobility. Its treatment involves a comprehensive approach aimed at managing symptoms and slowing disease progression. It typically includes the use of non-steroidal anti-inflammatory drugs (NSAIDs) to reduce inflammation and pain, and biologic therapies, including TNF inhibitors and IL-17 inhibitors, targeting specific immune system pathways to control inflammation.
Ankylosing Spondylitis Market Trends
Ankylosing Spondylitis Market Analysis
Based on treatment, the market is segmented into non-steroidal anti-inflammatory drugs (NSAIDs), biologic therapies, JAK Inhibitors, disease-modifying anti-rheumatic drugs (DMARDs), and corticosteroids. The non-steroidal anti-inflammatory drugs (NSAIDs) segment dominated the market in 2023 and is anticipated to grow at 8% of CAGR over the forecast period.
Based on route of administration, the ankylosing spondylitis market is classified into parenteral and oral. The parenteral segment dominated the market with 56.4% of market share in 2023.
Based on type, the ankylosing spondylitis market is divided into prescription drugs and OTC drugs. In 2023, the prescription drugs segment accounted for USD 4 billion.
Based on application, the ankylosing spondylitis market is categorized into adults and juveniles. The adults segment held highest market share and is poised to reach USD 8.2 billion by 2032.
Based on distribution channel, the ankylosing spondylitis market is bifurcated into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment accounted for significant market share of 45.7% and is expected to witness growth at 7.9% CAGR over the coming years.
North America ankylosing spondylitis market size accounted for USD 2.4 billion in 2023 and is predicted to reach USD 4.8 billion by 2032.
The U.S. ankylosing spondylitis market is expected to experience growth at 7.9% CAGR to reach USD 4.3 billion by 2032.
Germany ankylosing spondylitis market is anticipated to showcase growth in near future.
India ankylosing spondylitis market is poised to witness significant growth between 2024 - 2032.
Ankylosing Spondylitis Market Share
The ankylosing spondylitis industry is highly competitive, driven by a range of pharmaceutical companies that offer diverse treatment options aimed at managing this chronic inflammatory disease. Key players in the market include major pharmaceutical firms and biotechnology companies that specialize in developing and marketing therapies tailored to address the underlying mechanisms of ankylosing spondylitis.
Ankylosing Spondylitis Market Companies
Prominent players operating in the ankylosing spondylitis industry include:
Ankylosing Spondylitis Industry News:
The ankylosing spondylitis market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Treatment
Market, By Route of Administration
Market, By Type
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: