Gout Therapeutics Market - By Drug Class (Non-steroidal Anti-inflammatory Drugs, Corticosteroids, Colchicine, Urate-Lowering Agents), Condition (Acute, Chronic), Route of Administration (Oral, Parenteral), Distribution Channel- Global Forecast 2024 – 2032
Report ID: GMI10280
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Published Date: July 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 280
Countries covered: 23
Pages: 195
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Gout Therapeutics Market Size
Gout Theapeutics Market size was valued at around USD 2.6 billion in 2023 and is estimated to grow at 7.3% CAGR from 2024 to 2032. Gout therapeutics involves medications and treatments used to manage and treat gout, a type of inflammatory arthritis characterized by sudden, severe attacks of pain, redness, and tenderness in the joints, often affecting the big toe. The condition is caused by the accumulation of urate crystals in the joint, due to high levels of uric acid in the blood.
The rising incidence of gout is a significant driver for the market. For instance, according to a study published by National Center for Biotechnology Information in March 2024, the global incidence of gout in individuals aged 15–39 years was 145.19 per 100,000 population in 2019, that doubled in comparison to 1990. This underscores the growing demand for effective treatment options in the gout therapeutics market.
Furthermore, advancements in treatment options, rising awareness towards early gout diagnosis, rising geriatric population, and changes in diet and lifestyle are the promoting factors advancing the growth of the market.
Gout Therapeutics Market Trends
The field of gout therapeutics has experienced significant advancements driven by a deeper understanding of the disease's pathophysiology and the development of innovative treatment modalities. These advancements encompass novel urate-lowering therapies, biologic agents targeting specific inflammatory pathways, improved novel drug delivery systems, personalized medicine approaches, combination therapies, and comprehensive dietary and lifestyle interventions.
Gout Therapeutics Market Analysis
Based on drug class, the market is divided into non-steroidal anti-inflammatory drugs (NSAIDs), corticosteroids, colchicine, urate-lowering agents, and other drug classes. The non-steroidal anti-inflammatory drugs (NSAIDs) segment of the market is forecasted to reach USD 1.7 billion by 2032.
Based on condition, the gout therapeutics market is segmented acute gout and chronic gout. The acute gout segment accounted for USD 1.8 billion in 2023.
Based on route of administration, the gout therapeutics market is divided into oral, parenteral, and other routes of administration. The oral segment of the market is forecasted to reach USD 3 billion by 2032.
Based on distribution channel, the gout therapeutics market is bifurcated into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is forecasted to reach USD 1.6 billion by 2032.
The growth of the gout therapeutics market in the U.S. is projected to reach USD 1.8 billion by 2032.
The gout therapeutics market in UK is expected to experience significant and promising growth from 2024 to 2032.
Japan gout therapeutics market is anticipated to witness lucrative growth between 2024 – 2032.
The gout therapeutics market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Gout Therapeutics Market Share
The gout therapeutics sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative gout therapies leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Smaller players are focusing on specific gout therapies to gain significant expertise and compete with established players.
Gout Therapeutics Market Companies
Some of the eminent market participants operating in the gout therapeutics industry include:
Gout Therapeutics Industry News:
The gout therapeutics 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 Drug Class
Market, By Condition
Market, By Route of Administration
Market, By Distribution Channel
The above information is provided for the following regions and countries: