Anti-Inflammatory Therapeutics Market Booming with Top 10 Players Worldwide by Diagnostics Forecasts Till 2028
Anti-Inflammatory therapeutics market is expected to garner $106.1 billion by 2020, registering a CAGR of 5.9% during the period 2015-2020.
PORTLAND, OREGON, UNITED STATES, March 28, 2023 /EINPresswire.com/ -- The anti-inflammatory therapeutics market is a segment of the pharmaceutical industry that specializes in the development and sale of drugs aimed at reducing inflammation in the body. Inflammation is a natural response to injury or infection, but chronic inflammation can contribute to the development of various diseases, including arthritis, asthma, and inflammatory bowel disease.
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Companies are adopting drug pipeline development and product launch as key strategies to overcome patent expiries of existing drugs and gain additional market share. Key companies profiled in the report are Pfizer Inc., Abbvie Inc., Johnson & Johnson, GlaxoSmithKline, Merck & CO., Inc. Novartis, F. Hoffman La Roche AG, Eli Lily and Company, AstraZeneca PLC. and Amgen.
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The global anti-inflammatory therapeutics market is expected to continue to grow in the coming years, driven by an aging population, increasing prevalence of inflammatory diseases, and the development of new drugs. However, the market also faces challenges, including patent expirations and the emergence of generic drugs.
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Inflammation is the mechanism of innate immunity, which eliminates the cause of injury. Sometimes, the body's defense system inappropriately triggers inflammation against its own cells, resulting in inflammatory autoimmune diseases. Reducing inflammation is one of the primary therapeutic strategies in acute as well as chronic diseases such as arthritis, psoriasis, and asthma. The rising incidences of autoimmune and respiratory conditions, extensive drug development pipeline, and increasing popularity of anti-inflammatory drugs with lesser side effects are the key factors driving the growth of the global anti-inflammatory therapeutics market. In addition, growing awareness about anti-inflammatory therapeutics and government initiatives, in the Asia pacific and LAMEA would further boost the market growth. However, adverse effects associated with long term consumption of drugs, namely NSAIDs and Corticosteroids would limit the market growth to a certain extent.
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โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
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