Vasculitis Treatment Market Share is Expected to Grow with Double Digit of CAGR Value
Pune, Maharashtra, India, September 10 2020 (Wiredrelease) Allied Analytics –:Vasculitis is a medical condition in which inflammation of the blood vessels occurs. It causes changes in the blood vessel walls, including thickening, weakening, narrowing or scarring. These changes can restrict blood flow, resulting in organ and tissue damage. Some forms of vasculitis improve on their own, while others require medication. Some cases of vasculitis are caused by reactions to medicines. Also, some chronic (long-term) infections, including with hepatitis C or hepatitis B virus, can cause vasculitis. Growing prevalence of chronic diseases owing to unhealthy lifestyle, increasing cases of cardiovascular diseases and more investments in healthcare infrastructure are driving the market growth in recent years. Conventional and biological immunosuppressants are in demand for treating vasculitis. In addition, major product launches and safety updates by key market players like Roche Holding AG and Novartis are some other factors driving the growth of the market.
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Biologics are leading the drug class segment due to better clinical outcomes in patients suffering with ANCA associated vasculitis and promising biological drugs in the pipeline with enhanced drug safety and efficacy. Cyclophosphamide is still the drug of choice for the treatment of vasculitis used in combination with prednisolone globally, highly recommended in patients showing resistance to rituximab treatment.
Large vessel vasculitis dominated the disease type segment in 2017 on account of increasing number of immunocompromised patients suffering with large vessel vasculitis and rising prevalence of CD4 T cell mediated Takayasu vasculitis in the Caucasian population. Small vessel vasculitis is anticipated to showcase impressive growth in the near future due to rising prevalence of ANCA associated small vessel vasculitis in the Mongolian population and rise in the occurrence of leukocytoclastic vasculitis with palpable purpura due to post viral syndromes and drugs.
North America dominated the vasculitis treatment market owing to the rising prevalence of large vessel vasculitis such as giant cell arteritis and Takayasu arteritis, developed healthcare infrastructure and domicile to key players actively engaged in the drug discovery for vasculitis treatment.
Asia Pacific is set to register excellent growth during the forecast period due to increasing number of geriatric population suffering with small vessel vasculitis, proactive government initiatives to expedite the research activities related to vasculitis treatment and increasing disposable income making it affordable for the ailing patient to receive optimum treatment.
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The key players that operate in this market include GlaxoSmithKline plc, F. Hoffmann-La Roche AG, Celgene Corporation, Ablynx, Gilead, Novartis AG, Bristol-Myers Squibb Company, Novo Nordisk A/S, Eli Lilly and Company, and Merck & Co., Inc.
• The study provides an in-depth analysis of the global vasculitis treatment market with current trends and future estimations to elucidate imminent investment pockets.
• The report provides information about the current and upcoming trends in the global vasculitis treatment market from 2019 to 2026, which helps determine prevailing opportunities.
• Comprehensive analysis of factors that drive and restrict the growth of the global vasculitis treatment market has been provided.
• Identification of factors that are instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale have been provided.
• Key market players within the market have been profiled in this report and their strategies thoroughly analyzed, which help understand the competitive outlook of the global vasculitis treatment market.
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