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Rheumatology Therapeutics Market is Expected to Grow Drastically, Assured By Experts From 2023 To 2028

 


Rheumatology is a branch of medicine dedicated to the diagnosis and therapy of rheumatic diseases. Rheumatology therapeutics involve physical therapies, exercises, and medications with surgical treatment to cure joint damage. Scleroderma, fibromyalgia, gout, osteoarthritis, reactive arthritis, psoriatic arthritis, rheumatoid arthritis, and ankylosing spondylitis are some common types of rheumatology diseases. Thus, with the increasing burden of rheumatology diseases worldwide, the demand for rheumatology therapeutics is also increasing. According to the Centers for Disease Control and Prevention (CDC), by 2040, around 78 million adults in the United States aged 18 years or older are expected to have doctor-diagnosed arthritis.

The aforementioned factors are expected to augment the rheumatology therapeutics market growth. Moreover, doctors prescribe disease-modifying antirheumatic drugs (DMARDs) for the treatment of rheumatologic disease. For example, in April 2021, Nēsos received the United States Food and Drug Administration (FDA) Breakthrough Device Designation to its digital therapeutic for patients with rheumatoid arthritis (RA) who have had an inadequate response or intolerance to DMARDs. Furthermore, in March 2021, American Rheumatology Network (ARN) launched ARN Clinical Research, a patient centric and real-world technology unit for transforming rheumatology trials and care.

Regional segmentation of rheumatology therapeutics market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates rheumatology therapeutics market, owing to increasing population with rheumatology diseases, changing lifestyle, and established medical and healthcare sector.

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