Healthcare Technologies is fastest growing segment fueling growth of Gout Disease Treatment Market

The global Gout Disease Treatment Market is estimated to be valued at US$ 3.01 Bn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Gout disease treatment involves the use of medications such as anti-inflammatory drugs and uric acid lowering agents to reduce inflammation and prevent future gout attacks. Drugs such as allopurinol and febuxostat are commonly prescribed for long-term treatment to lower high uric acid levels in the body.

Market key trends:

One of the key trends in the gout disease treatment market size is the ongoing research and development of innovative drugs and therapies. Several pharmaceutical companies are investing in developing new drugs with novel mechanisms of action such as targeting inflammatory pathways beyond uric acid lowering. This is expected to bring more effective and safer treatment options for chronic gout patients over the forecast period.

Segment Analysis

The global gout disease treatment market is segmented based on drug class, distribution channel, and region. By drug class, the xanthine oxidase inhibitors segment dominated the market in 2023, accounting for around 40% share. Xanthine oxidase inhibitors are the first line of treatment for gout disease as they act on the essential pathway of uric acid production and are well-tolerated with fewer side effects. By distribution channel, hospital pharmacies held the largest market share as gout disease requires prescription drugs that are easily available in hospital pharmacies with proper consultation from physicians.

Key Takeaways

The global gout disease treatment market is expected to witness high growth, exhibiting a CAGR of 8.1% over the forecast period, due to increasing geriatric population globally. Geriatric patients are more prone to gout disease as uric acid levels rise with age.

Regional analysis: North America dominated the global gout disease treatment market in 2023 with over 35% market share due to growing awareness regarding gout disease treatment in the region. However, Asia Pacific is expected to be the fastest growing region during the forecast period owing to increasing healthcare expenditure and large patient pool in developing countries such as China and India.

Key players: Key players operating in the gout disease treatment market are Antares Pharma, CymaBay Therapeutics, Astellas Pharma, and AstraZeneca. Antares Pharma led the global gout disease treatment market in 2023 owing to its strong brand recognition and wide distribution network worldwide for its blockbuster gout drugs.

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