The increasing prevalence of systemic lupus erythematosus (SLE) is a significant driver of the SLE treatment market. SLE, an autoimmune disease characterized by widespread inflammation and tissue damage, is becoming more commonly diagnosed globally.
For instance, as per the National Institute of Health (NIH), the worldwide SLE prevalence and affected population were estimated to be 43.7 per 100 000 persons and 3.41 million people, respectively.
This rise can be attributed to a combination of factors, including heightened awareness, improved diagnostic techniques, and potentially increasing environmental triggers.
As more individuals are diagnosed with SLE, the demand for effective treatments, ranging from corticosteroids and immunosuppressants to advanced biologics and monoclonal antibodies, is growing. This surge in demand is prompting pharmaceutical companies to invest heavily in research and development, leading to the introduction of novel therapies and the expansion of the SLE treatment market.
Moreover, the chronic nature of SLE, requiring long-term management, further ensures sustained demand for these therapeutic interventions, driving market growth.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
Global systemic lupus erythematosus treatment industry was valued at USD 2.7 billion in 2023 and is anticipated to register 7.6% CAGR between 2024 and 2032 due to increasing prevalence worldwide and rising awareness.
The oral segment in the market is anticipated to witness 7.3% CAGR between 2024-2032 due to their convenience, ease of administration, and efficacy in managing symptoms along with advancements in oral drug formulations.
North America systemic lupus erythematosus treatment market is projected to reach USD 1.9 billion by 2032, driven by robust R&D activities.
Anthera Pharmaceuticals, Inc., Aurinia Pharmaceuticals, Inc., AstraZeneca, Biogen, Bristol-Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., GSK plc., and ImmuPharma PLC, among others.