The global eosinophilic granulomatosis with polyangiitis treatment industry demand, valued at US$ 173.8 Million in 2023, is poised for substantial growth at a CAGR of 5.2%. A comprehensive market analysis forecasts an impressive escalation, driven by technological advances in healthcare, reaching an estimated US$ 288.5 Million by 2033.
Several factors contribute to this anticipated growth, including the increasing prevalence of Churg Strauss syndrome, allergic reactions, and asthma. The rising geriatric population, coupled with a surge in Churg Strauss syndrome cases among children, further fuels the market’s expansion during the assessment period.
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One of the driving forces behind this growth is the heightened awareness among patients about eosinophilic granulomatosis with polyangiitis and the availability of effective therapeutics. Developed economies are expected to witness a robust market boost due to these factors, while government support, coupled with the development of healthcare facilities and infrastructure, will contribute to the overall market development in the forecast period.
The development of modern therapeutics and a growing number of players with a robust drug pipeline are identified as key factors poised to significantly impact the global eosinophilic granulomatosis with polyangiitis treatment market in the coming years. Manufacturers are actively engaged in scaling up the production of treatment options for eosinophilic granulomatosis with polyangiitis, with ongoing research and innovation to introduce cutting-edge products.
Geographically, North America leads the eosinophilic granulomatosis with polyangiitis treatment market, benefiting from the presence of key market players, recent product launches, and a well-established healthcare infrastructure. Meanwhile, significant research and development investments in Europe position the region favorably for sustained market growth.
The industry’s optimistic trajectory is further bolstered by ongoing efforts to bring innovative products to market and meet the growing demand for eosinophilic granulomatosis with polyangiitis therapeutics. The collaboration between key stakeholders, government support, and advancements in healthcare technology collectively set the stage for a promising future in the global eosinophilic granulomatosis with polyangiitis treatment market.
As the market continues to evolve, stakeholders are encouraged to stay abreast of emerging trends and developments, ensuring they are well-positioned to capitalize on the immense opportunities presented by the growing demand for eosinophilic granulomatosis with polyangiitis treatment.
Key Takeaways from the Market Study:
- As of 2023, the eosinophilic granulomatosis with polyangiitis treatment market was valued at US$ 173.8Million
- From 2023 to 2033, the eosinophilic granulomatosis with polyangiitis treatment industry is poised to grow at 5.2% CAGR
- By 2033, the eosinophilic granulomatosis with polyangiitis treatment market is slated to reach a valuation of US$ 288.5 Million
- Based on the distribution channel, hospital pharmacy segment accounts for market share of 35.7% during the forecast period.
- China is poised to yield a CAGR of 4.8% with respect eosinophilic granulomatosis with polyangiitis treatment in 2033.
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“Growing healthcare spending and growing the incidence of asthma across the world and rapid rise in the geriatric population are expected to radically transform the market in the coming years,” comments an analyst at FMI.
Competitive Landscape:
Some of the key players present in the global eosinophilic granulomatosis with polyangiitis treatment markets are
- Genentech Inc
- F. Hoffmann-La Roche AG
- Cephalon Inc.
- Teva Pharmaceutical Industries Ltd.
- Amgen Inc.
- Sanofi S.A.
- Koninklijke DSM N.V
- AstraZeneca
- Novartis International AG
- GlaxoSmithKline LLC
- Baxter Healthcare Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industries.
- In April 2021 – Genentech, a member of the Roche Group announced that the U.S. Food and Drug Administration (FDA) has approved the company’s supplemental Biologics License Application for Xolair®(omalizumab) prefilled syringe for self-injection across all approved U.S. indications. Xolair is the only FDA-approved biologic designed to target and block immunoglobulin E (IgE) for the treatment of moderate to severe persistent allergic asthma, chronic idiopathic urticaria (CIU) and nasal polyps.
- In December 2020– Amgen announced that the S. Food and Drug Administration (FDA) has approved RIABNI™ (rituximab-arrx), a biosimilar to Rituxan® (rituximab), for the treatment of adult patients with Non-Hodgkin’s Lymphoma (NHL), Chronic Lymphocytic Leukemia (CLL), Granulomatosis with Polyangiitis (GPA) (Wegener’s Granulomatosis), and Microscopic Polyangiitis (MPA).
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Key Segments Covered in Eosinophilic Granulomatosis with Polyangiitis Treatment Industry Survey:
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Drug Class:
- Steroids
- Immunosuppressant
- Biologics
- Immune Globulins
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Route of Administration:
- Oral
- Intravenous
- Intramuscular
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Distribution Channel:
- Hospital Pharmacies
- Drug stores
- Retail Pharmacies
- Online Pharmacies
Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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