- Cancer Biology & Biomarkers
- Chromatography & Mass Spectrometry
- Contract Research, Clinical Trials and Outsourcing
- Drug Discovery
- Drug Targets
- Flow Cytometry
- Informatics & Lab Automation
- Ingredients, Excipients and Dosages
- Microbiology & RMMs
- NIR, PAT & QbD
- Raman Spectroscopy
- Screening, Assays & High-Content Analysis
- Thermal Processing
Asia-Pacific rheumatoid arthritis treatment market value will reach $7 billion by 2021, says GBI Research
2 June 2015 • Author: Victoria White
The rheumatoid arthritis therapeutics market in the Asia-Pacific (APAC) region will expand in value from $5.6 billion in 2014 to an estimated $7 billion by 2021, at a moderate Compound Annual Growth Rate (CAGR) of 3.3%, according to business intelligence provider GBI Research.
The company’s latest report, Rheumatoid Arthritis Therapeutics in Asia Pacific Markets to 2021 – Novel IL-6 and JAK Inhibitors to Stimulate Modest Growth Despite Brand Erosion of Blockbuster Anti-TNFs, states that of the four major APAC countries, namely Australia, China, India and Japan, the latter will retain the largest share, with its market value expanding from approximately $4.1 billion in 2014 to $4.7 billion by 2021.
Sumith Ladda, Analyst for GBI Research, explained that the entry of new therapies over the forecast period will stimulate market growth, with promising pipeline candidates including Eli Lilly and Incyte’s baricitinib, Johnson & Johnson and GlaxoSmithKline’s sirukumab, and Sanofi and Regeneron’s sarilumab.
Ladda said, “Generic first-line drugs, such as Methotrexate, and symptomatic drugs will remain the mainstay of treatment for mild-to-severe rheumatoid arthritis, and thus their market share is not likely to be vastly affected.
“Second-line therapies, many of which are currently premium drugs and contribute substantially to the annual cost of therapy per patient, will play a greater role in shaping the overall market by 2021. Given the crowded arena, emerging second-line drugs are likely to establish themselves gradually.”
Japan will witness the slowest increase in growth in the rheumatoid arthritis treatment market
The analyst adds that the rheumatoid arthritis treatment population is set to grow in the four APAC territories, despite a small decline in the prevalence population in Japan, which will witness the slowest increase at a CAGR of 2.1%.
Ladda continued, “In Japan and Australia, several second-line anti-tumour necrosis factor therapies, such as Remicade, Enbrel and Humira, are due to lose patent protection during the forecast period. Over time, these drugs are likely to experience substantial revenue losses following the approval of biosimilars.
“Indeed, cheaper biosimilars with equivalent efficacy and safety profiles are expected to gain market share by 2021, which is likely to limit overall growth.”
Despite this, GBI Research concludes that moderate growth is expected across all four markets between 2014 and 2021. India will lead with a CAGR of 7.7%, followed by China with 4.9% and Australia with 4.5%.
ABB Analytical Measurement ACD/Labs ADInstruments Ltd Advanced Analytical Technologies GmbH Analytik Jena AG Astell Scientific Ltd B&W Tek Bachem AG Bibby Scientific Limited Bio-Rad Laboratories BioNavis Ltd Biopharma Group Black Swan Analysis Limited Butterworth Laboratories Ltd CAPSUGEL NV Charles Ischi AG | Kraemer Elektronik Cherwell Laboratories CI Precision Cobalt Light Systems Coulter Partners CPC Biotech srl Dassault Systèmes BIOVIA DiscoverX Edinburgh Instruments Enterprise System Partners (ESP) Eurofins BioPharma Product Testing EUROGENTEC F.P.S. Food and Pharma Systems Srl GE Analytical Instruments IDBS JEOL Europe Kaiser Optical Systems Inc. L.B. Bohle Maschinen + Verfahren GmbH Lab M Ltd. LabWare Linkam Scientific Instruments Limited Lonza MA Business Metrohm Molins Technologies Multicore Dynamics Ltd Nanosurf New England Biolabs, Inc. Ocean Optics Panasonic Biomedical Sales Europe B.V. Peak Scientific ReAgent Russell Finex Limited Source BioScience Takara Clontech Tornado Spectral Systems Tuttnauer Viavi Solutions, Inc Watson-Marlow Fluid Technology Group Wickham Laboratories Limited Xylem Analytics YMC Europe GmbH Yusen Logistics