Global Th17 Driven Disease Market Growth banking on Faster Regulatory Approvals for Key Drug Candidates
Award winning market research company Fact.MR’s ongoing study on the Th17 driven disease treatment market opines that the market is expected to embark on an optimistic growth path through 2021, as the global healthcare industry emerges from the recessionary impacts of the novel coronavirus pandemic.
The market is expected to enjoy robust growth over the coming years. Based on Indication Th17 Driven disease treatment market is classified into Psoriasis, Rheumatoid Arthritis, Multiple Sclerosis, Inflammatory Bowel Disease and Asthma. By the Drug type, Gentamicin, Azathioprine, Calcipotriol, Trolamine salicylate, Histamine and Capsaicin. By distribution channel, hospital pharmacies, is expected to dominate Th17 driven disease treatment market.
North America accounts for a significant revenue share, and is expected to dominate the Th17 driven disease treatment. This is attributed to the increasing prevalence of rheumatoid arthritis, multiple sclerosis, inflammatory bowel disease and asthma. Countries like South Africa, Japan, Brazil, Germany and UK hold a significant market value share. Th17 driven disease treatment market in Asia Pacific is projected to expand at significant growth, driven by rapid regulatory approval for potential drug candidates. Rising government initiatives to increase awareness about the disease is stimulating growth of Th17 Driven disease treatment market.
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Key Takeaways from Fact.MR’s Th17 Driven Disease Market Study
- By indication, psoriasis treatment is expected to capture a high market share, amid its rising prevalence
- Demand for azathioprine is likely to soar, owing to widespread application in treating rheumatoid arthritis
- By distribution channel, hospital pharmacies to remain the primary Th17 driven disease drug suppliers
- US to experience high drug sales on the back of surging cases of inflammatory bowel disease
- Surging eczema cases to bolster Th17 driven disease drug sales across the UK market
- Robust healthcare infrastructure is accelerating inflammatory disease treatment research across Germany
- India to experience heightened investments in drug development research, amid rising cases of colitis and Crohn’s disease
Th17 Driven Disease Market- Prominent Drivers
- Fast tracking of regulatory approvals of key drug candidates is heightening Th17 driven disease market growth prospects
- Availability of multiple treatment alternatives to significantly widen growth prospects
- Presence of a robust global supply chain network to accelerate R&D for new drug candidates, stimulating growth
Th17 Driven Disease Market- Key Restraints
- Prolonged durations of clinical trials and subsequent waiting list regarding regulatory approvals is restricting growth
- Expensive nature of available drugs owing to limited supply is limiting proper sales prospects for the market
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Prominent players in Th17 driven disease treatment market as profiled by Fact.MR’s report are AbbVie, Alexion Pharmaceuticals, Alder Biopharmaceuticals and Astellas Pharma. The aforementioned players are reliant on regulatory approvals for potential drug candidates. In addition, capacity expansion measures, including partnerships, collaborations and acquisitions are also relied upon.
Recently, in April 2021, AbbVie submitted regulatory applications for SKYRIZI® (risankizumab) for treating Psoriatic Arthritis to the US FDA and the European Medicines Agency (EMA). These submissions are supported by two phase 3 studies in patients with active psoriatic arthritis wherein the drug exhibited improved skin and joint symptoms and physical function.
With regard to acquisitions, UK pharmaceutical giant AstraZeneca announced in December 2020 that it intends to acquire Alexion Pharmaceuticals in order to broad base its scientific presence in immunology, and will also likely heighten the company’s portfolio of Th17 driven diseases treatment in the years to come.
More Insights on the Th17 Driven Disease Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global Th17 driven disease market, presenting historical demand data (2016-2020) and forecast statistics for the period, 2021-2031. The study divulges compelling insights on the market based on indication (psoriasis, rheumatoid arthritis, multiple sclerosis, inflammatory bowel disease and asthma), drug (gentamicin, azathioprine, calcipotriol, trolamine salicylate, histamine and capsaicin) and distribution channel (hospital pharmacies, pharmacies and online pharmacies) across eight major regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan and Middle East & Africa).
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