Portland, OR, Oct. 31, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Vasculitis Treatment Market was estimated at $250.1 million in 2021 and is expected to hit $350.1 million by 2031, registering a CAGR of 3.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details | |
| Forecast Period | 2022–2031 | |
| Market Size in 2031 | $350.1 Million | |
| CAGR | 3.4% | |
| No. of Pages in Report | 275 | |
| Segments Covered | Distribution Channel, Drug Class, Disease Type, and Region. | |
| Drivers | Surge in the prevalence of vasculitis and its treatment | Increase in incidence of chronic diseases, which has heightened the demand for vasculitis drugs |
| Opportunities | Increase in adoption rate of biologics and its development by the market players | |
| Restraints | Potential negative effects of using corticosteroids | |
Covid-19 Scenario-
- Due to the recommendations to maintain social distance, many individuals treated their illnesses via self-medication or other unconventional methods, which impacted the vasculitis treatment market negatively.
- However, as the global situation started getting back on track, the market for vasculitis treatment also recovered at a slow & steady pace.
The global vasculitis treatment market is analyzed across distribution channel, drug class, disease type, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By distribution channel, the hospital pharmacies segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The drug store and retail pharmacies segment would also manifest the fastest CAGR of 3.8% throughout the forecast period.
Based on drug class, the corticosteroids and immunosuppressants segment garnered around three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The biologics segment, on the other hand, would project the fastest CAGR of 4.1% throughout the forecast period.
By disease type, the small and medium vessel vasculitis segment held nearly three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 3.6% throughout the forecast period.
Based on region, the global market across North America generated more than two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 4.1% during the forecast period. The other provinces analyzed through the report include Europe and LAMEA.
The key market players analyzed in the global vasculitis treatment market report include Amgen Inc., Amneal Pharmaceuticals, Inc., Pfizer Inc., F. Hoffmann-La Roche AG, Teva Pharmaceuticals Industries Ltd, GlaxoSmithKline plc, AbbVie Inc., InflaRx NV, Novartis AG, and Staidson Biopharma Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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