Uric acid is a chemical created when the body breaks down substances called purines. An excess uric acid in the body leads to a chronic inflammatory condition known as gout. An excess of uric acid leads to the formation of crystals in the body, which eventually leads to the deposition of uric acid crystals in joints, resulting in inflammation and pain.
MARKET DYNAMICS
The uric acid drug market is driving due to rise in the incidence and prevalence of gout and other related disorders, increased research and development expenditure, and growing awareness among people are projected to boost the global uric acid drugs market in the coming years. Moreover, due to the entry of new drug therapies such as Uloric, Krystexxa, Colcrys, and Adenuric the market is expected to offer lucrative opportunities during the forecast period.
MARKET SCOPE
The "Uric Acid Drug Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of uric acid drug market with detailed market segmentation by drug class and distribution channel. The uric acid drug market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in uric acid drug market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The uric acid drug market is segmented on the basis of drug class and distribution channel. Based on drug class, the market is segmented as antihyperuricemic agents (urate-lowering drugs), non-steroidal anti-inflammatory drugs (NSAIDs), corticosteroids, colchicine and other drug classes. On the basis of distribution channel, the market is categorized as online pharmacies, retail pharmacies, and hospital pharmacies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the uric acid drug market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The uric acid drug market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting uric acid drug market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the uric acid drug market in these regions.
MARKET PLAYERS
The report covers key developments in the uric acid drug market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from uric acid drug market are anticipated to have lucrative growth opportunities in the future with the rising demand for uric acid drug in the global market. Below mentioned is the list of few companies engaged in the uric acid drug market.
The report also includes the profiles of key players in uric acid drug market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AstraZeneca plc.
- Boehringer Ingelheim GmbH
- Teijin Pharma Ltd.
- Regeneron Pharmaceuticals
- GlaxoSmithKline plc.
- Merck & Co. Inc.
- Novartis AG
- Savient Pharmaceuticals
- Mylan NV
- Horizon Therapeutics plc
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.