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Global Myositis Treatment Market – Industry Trends and Forecast to 2030

Pharmaceutical

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Global Myositis Treatment Market – Industry Trends and Forecast to 2030

  • Pharmaceutical
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Myositis Treatment Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 493.15 USD Million
Diagram Market Size (Forecast Year) USD 696.57 USD Million
Diagram CAGR %

Major Markets Players

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  • Dummy2
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Global Myositis Treatment Market By Type (Inclusion-Body Myositis, Polymyositis, Dermatomyositis, Others), Diagnosis (Muscle Biopsy, Electromyography, Myositis Specific Antibody Panel Blood Test, Genetic Testing, Others), Therapy Type (Exercise and Physiotherapy, Steroid Medication, Intravenous Immunoglobulin Therapy, Others), Route of Administration (Oral, Injectable and Others), End-User (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others) - Industry Trends and Forecast to 2030.

 Myositis Treatment Market

Myositis Treatment Market Analysis and Size

Myositis is a condition characterized by inflammation in muscles, which can be caused by infection, injury, or autoimmune disease. Two specific kinds of myositis are polymyositis and dermatomyositis. Muscle weakness, swelling, and pain are common symptoms of myositis. The major causes of myositis are inflammations, viral infections, and medications such as statins, cocaine, and alcohol.                    

Data Bridge Market Research analyses that the myositis treatment market, which was USD 493.15 million in 2022, would rocket up to USD 696.57 million by 2030 and is expected to undergo a CAGR of 4.4% during the forecast period of 2023 to 2030. “Inclusion body myositis” dominates the type segment of the myositis treatment market owing to the increasing prevalence of muscle inflammation. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Myositis Treatment Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-202o)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Inclusion-Body Myositis, Polymyositis, Dermatomyositis, Others), Diagnosis (Muscle Biopsy, Electromyography, Myositis Specific Antibody Panel Blood Test, Genetic Testing, Others), Therapy Type (Exercise and Physiotherapy, Steroid Medication, Intravenous Immunoglobulin Therapy, Others), Route of Administration (Oral, Injectable and Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Market Players Covered

  • Corbus Pharmaceuticals Holdings, Inc (U.S.), CytRx Corporation (U.S.), Pfizer Inc. (U.S.), Novartis AG (Switzerland), IDERA, Inc. (U.S.), Genentech, Inc (U.S.), Merck & Co., Inc. (U.S.), AbbVie Inc. (U.S.), GlaxoSmithKline plc. (India), Mallinckrodt (U.K.), Bausch Health Companies Inc.(Canada), Akorn Operating Company LLC (U.S.), Sanofi (France), Promega Corporation (U.S.), AstraZeneca (U.K.), and Amgen Inc. (U.S.)

Market Opportunities

  • Increasing  collaborations and partnerships
  • Increasing integration of telemedicine
  • Increasing advancements in personalized medicine

Market Definition

Myositis is a term used to describe the inflammation of the muscles, which can cause pain, fatigue, and muscular wasting. It is a particular kind of autoimmune disease when the body's immune system unintentionally targets its own muscle tissues. Myositis is often treated with a multidisciplinary strategy that combines medication, physical therapy and dietary changes. Treatment objectives are reducing inflammation, controlling symptoms, enhancing muscle function and strength, and avoiding long-term consequences.

Myositis Treatment Market Dynamics

Drivers

  • Increasing prevalence of myositis

According to reports, increased awareness among healthcare professionals and better diagnostic skills have led to a rise in the prevalence of myositis. The market for myositis treatments can rise due to the growing patient population.

  • Rising research activities

The treatment market is expanding due to ongoing research projects aimed at unraveling the underlying mechanisms of myositis and creating cutting-edge therapeutic strategies. clinical trials and increased investment in R&D can help identify novel cures and broaden the range of available treatments.

  • Increasing advancement in therapeutic options

Targeted therapies and biologic medicines are two myositis treatments that are currently being developed that have the potential to increase market growth greatly. These developments are meant to offer more targeted and effective medications than traditional ones, possibly with fewer adverse effects.

Opportunities

  • Increasing integration of telemedicine

For patients in rural locations or with limited mobility, the introduction of telemedicine and remote monitoring technology can improve access to specialized care. These technological developments open up possibilities for remote disease monitoring, virtual consultations, and improved disease management.

  • Increasing  collaborations and partnerships

Partnerships between pharmaceutical corporations, academic institutions, and research organizations can speed up the discovery and development of cutting-edge treatments for myositis. Collaborations that encourage knowledge sharing, resource pooling, and combined clinical trials can open up new market prospects.

  • Increasing advancements in personalized medicine

Personalizing medical care for each patient based on their unique features is an idea that is gaining ground. Myositis treatment tactics may be optimised using biomarkers, genetic testing, and precision medicine techniques to improve patient results.

Restrains/ Challenges

  • Lack of standard rules

There are no widely accepted treatment guidelines because of the diversity of myositis subtypes and the scarcity of large-scale clinical trials. Inconsistent care and uncertainty for patients and healthcare professionals can result from treatment methodologies and practices variations.

  • Adverse effects

Many myositis treatments, especially corticosteroids, and immunosuppressant, have possible adverse effects. It can be difficult to weigh the advantages of a course of treatment against its possible drawbacks, particularly when it involves prolonged or high-dose treatment.

  • Limited treatment options

Despite improvements in myositis therapy, a sizable unmet demand exists for more efficient and focused treatments. The development of tailored therapies that address the many myositis symptoms is difficult due to the intricacy of the disease and the underlying autoimmune mechanisms.

  • High treatment cost

The cost of myositis treatment can be a major access barrier, especially with newer medicines and biologic drugs. Access to novel treatments may be hampered by insurance, cost, and payment policies, especially in areas with limited resources.

This myositis treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the myositis treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Myositis Treatment Market Scope

The myositis treatment market is segmented on the basis of type, diagnosis, therapy type, route of administration, end-user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Type

  • Inclusion- body myositis
  • Polymyositis
  • Dermatomyositis
  • Others

Diagnosis

  • Muscle biopsy
  • Electromyography
  • Myositis specific antibody panel blood test
  • Genetic testing
  • Others

Therapy type

  • Exercise and physiotherapy
  • Steroid medication
  • Intravenous immunoglobulin therapy
  • Others

Route of administration

  • Oral
  • Injectable
  • Others

End-User

  • Hospitals
  • Homecare
  • Specialty clinics
  • Others

Distribution channel

  • Hospital pharmacy
  • Retail pharmacy
  • Online pharmacy
  • Others

Myositis Treatment Market Regional Analysis/Insights

The myositis treatment market is analyzed and market size insights and trends are provided by type, diagnosis, therapy type, route of administration, end-user and distribution channel as referenced above.

The countries covered in the myositis treatment market report are the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America dominates the myositis treatment market because of the well-developed healthcare infrastructure and available treatments and therapies within the region.

Asia-Pacific is the fastest growing in the myositis treatment market because of the steady development of healthcare infrastructure and rising geriatric population.

The country section of the myositis treatment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The myositis treatment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for myositis treatment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on myositis treatment market. The data is available for historic period 2015-202o.

Competitive Landscape and Myositis Treatment Market Share Analysis

The myositis treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the market.

Some of the major players operating in the myositis treatment market are:

  • Corbus Pharmaceuticals Holdings, Inc (U.S.)
  • CytRx Corporation (U.S.)
  • Pfizer Inc. (U.S.)
  • Novartis AG (Switzerland)
  • IDERA, Inc. (U.S.)
  • Genentech, Inc (U.S.)
  • Merck & Co., Inc. (U.S.)
  • AbbVie Inc. (U.S.)
  • GlaxoSmithKline plc. (India)
  • Mallinckrodt (U.K.)
  • Bausch Health Companies Inc. (Canada)
  • Akorn Operating Company LLC (U.S.)
  • Sanofi (France)
  • Promega Corporation (U.S.)
  • AstraZeneca (U.K.)
  • Amgen Inc. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Myositis Treatment Market will be worth USD 696.57 million by 2030.
The Myositis Treatment Market Growth Rate is 4.4% during the forecast period.
The Increasing advancement in therapeutic options, Rising research activities, and Increasing prevalence of myositis are the Growth Drivers of the Myositis Treatment Market.
The type, diagnosis, therapy type, route of administration, end-user, and distribution channel are the factors on which the Myositis Treatment Market research is based.
The major Companies in the myositis treatment market are Corbus Pharmaceuticals Holdings, Inc, CytRx Corporation , Pfizer Inc. ,Novartis AG , IDERA, Inc., Genentech, Inc , Merck & Co., Inc. , AbbVie Inc., GlaxoSmithKline plc. , Mallinckrodt, Bausch Health Companies Inc., Akorn Operating Company LLC , Sanofi , Promega Corporation , AstraZeneca, Amgen Inc.
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