Drawbacks in Current Rheumatoid Arthritis Therapies Point to a Large Untapped Market in the U.S., Finds Frost & Sullivan
18 Oct, 2012, 12:55 BST
-- Emerging remedies must demonstrate a high degree of safety and efficacy to gain acceptance
MOUNTAIN VIEW, California, Oct. 18, 2012 /PRNewswire/ -- The availability of tumor necrosis factor (TNF) inhibitors has greatly improved the pharmacological management of rheumatoid arthritis (RA). Both patients and physicians are familiar with TNF inhibitors due to their long history; however, their many limitations such as high cost, potential side effects, and injection requirement have created a need for alternative therapies. This need, along with a potentially large patient pool, is encouraging pharmaceutical and biotechnology companies with disease expertise to break into this sizeable market.
New analysis from Frost & Sullivan's (http://www.lifesciences.frost.com) United States Market for Rheumatoid Arthritis Pharmacotherapeutics research finds that the market earned revenues of more than $7.74 billion in 2011 and estimates this to reach $11.79 billion in 2017.
If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
RA is an incurable chronic condition that affects 2.3 million adults in the United States. Although the overall disease prevalence is not expected to change significantly, the eligible patient community is likely to grow owing to an aging population, increasing longevity, and changing clinical trends, such as new criteria for diagnosis as well as quicker identification and treatment.
"While TNF inhibitors have laid the groundwork for the next generation of effective, disease-modifying anti-rheumatic treatment and biologics, the need of the hour is patient-friendly options with improved profiles, such as oral administration or enhanced tolerability," said Frost & Sullivan Senior Industry Analyst Deborah Toscano. "These novel drugs could offer better long-term clinical outcomes."
However, slow uptake of these new drugs by a conservative regulatory and medical community is likely until they are proven in the market. To gain end-user confidence, companies must make products with a high degree of safety, with significant clinical or economic benefits over TNF inhibitors.
"Active marketing of these innovative and effective therapies will renew interest in RA drugs and increase diagnosis, fueling greater adoption and market expansion," noted Toscano.
United States Market for Rheumatoid Arthritis Pharmacotherapeutics is part of the Life Sciences Growth Partnership Services program, which also includes research in the following markets: United States Market for Ankylosing Spondylitis Pharmacotherapy, United States Market for Psoriatic Arthritis Pharmacotherapy, U.S. Rheumatoid Arthritis Market: Assessment of Biologics and New Treatments, and United States Rheumatic Diseases Therapeutics Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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United States Market for Rheumatoid Arthritis Pharmacotherapeutics
NB33-52
Contact:
Britni Myers
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: britni.myers@frost.com
SOURCE Frost & Sullivan