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Biologics Is Fastest Growing Segment Fueling The Growth Of The Global Anti-Inflammatory Drugs Market

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Ashish Thapa
Biologics Is Fastest Growing Segment Fueling The Growth Of The Global Anti-Inflammatory Drugs Market

Market Overview:

Anti-inflammatory drugs are used to treat inflammation and related conditions. These drugs help reduce pain, fever, swelling and other symptoms of inflammation. Some commonly used anti-inflammatory drugs are corticosteroids, NSAIDs and biologics.


Market key trends:

One of the key trends in the anti-inflammatory drugs market is the rise in the development and demand of biologics. Biologics such as monoclonal antibodies are increasingly becoming preferred over traditional small-molecule drugs due to their high specificity and efficacy. Drugs such as Humira, Remicade and Enbrel have revolutionized the treatment of several chronic inflammatory conditions like rheumatoid arthritis, Crohn’s disease and others. According to research, the biologics segment is expected to grow at the fastest rate during the forecast period owing to promising drug pipelines and benefits of biologics over other drugs.


The global Anti-Inflammatory Drugs Market Size is estimated to be valued at US$ 102248.44 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Segment Analysis

Content: The global anti-inflammatory drugs market is segmented based on drug class, indication, route of administration, distribution channel, and geography. Corticosteroids dominated the market in 2021 owing to their wide usage for treating various inflammatory conditions like arthritis, asthma, and skin diseases. Corticosteroids are highly effective anti-inflammatory agents that help reduce inflammation.


Key Takeaways

The global anti-inflammatory drugs market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing prevalence of inflammatory disorders globally.


Regional analysis: North America holds the largest share in the anti-inflammatory drugs market due to high healthcare expenditure and presence of major market players in the region. Asia Pacific is expected to witness the fastest growth rate during the forecast period owing to changing lifestyle, increasing healthcare expenditure and growing incidence of inflammatory diseases.


Key players: Key players operating in the anti-inflammatory drugs market include Pfizer, Inc., GlaxoSmithKline plc, Johnson & Johnson Services Inc., Merck & Company, Inc., Novartis AG, Amgen, Inc., AstraZeneca plc, Eli Lily and Company, AbbVie Inc., F. Hoffmann-La Roche AG, Bristol Myers Squibb Company, Biogen Inc., Sun Pharmaceutical Industries Ltd, Mylan, Inc., Aurobindo Pharma Limited, and Dr. Reddy€TMs Laboratories. These players are focusing on new product launches and mergers & acquisitions to expand their presence and strengthen their market position.


Read More: https://www.pressreleasebulletin.com/demand-for-the-global-anti-inflammatory-drugs-size-and-share-analysis/

 


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Aishwarya Bhasme 2023-05-24
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The preceding data points are solely relevant to the businesses' focus on the Anti Malarial Drugs market. com/request-sample/24938 Anti Malarial Drugs Market Scope:This Anti Malarial Drugs market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Anti Malarial Drugs market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth. com/request-sample/24938 Anti Malarial Drugs Market Key Players:  The following are the key players of the Anti Malarial Drugs market-• Mylan Labs• Cipla• GlaxoSmithKline• Novartis• Roche• Bayer AG• Lincoln Pharmaceuticals• Strides Pharma Science• Glenmark Pharmaceuticals• Alliance Pharmaceuticals• F. COVID-19 Impact Analysis on Anti Malarial Drugs Market: The research also addresses the impact of COVID-19 on the Anti Malarial Drugs market. Which company held the largest share in the Anti Malarial Drugs market in 2020?