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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.
Some of the eminent market participants operating in the gout therapeutics industry include:
The non-steroidal anti-inflammatory drugs segment of the gout therapeutics is forecasted to reach USD 1.7 billion by 2032, as they offer quick onset of action, often providing significant pain relief
The gout therapeutics market size was valued at USD 2.6 billion in 2023 and is estimated to grow at 7.3% CAGR from 2024 to 2032, driven by the rising incidence of gout.
U.S. gout therapeutics market size is projected to reach USD 1.8 billion by 2032, owing to the robust healthcare infrastructure.
Abbvie Inc, Amgen Inc, Boehringer Ingelheim International GmbH, GSK plc, Merck & Co., Inc, Novartis AG, and Pfizer Inc. among others.