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North America and Europe are expected to be key markets for giant cell arteritis treatment owing to the high living standards and health awareness among the consumers. The growing health care industry in China and India is driving the market in the Asia Pacific region.
The giant cell arteritis treatment mainly consists of high doses of a corticosteroid drug, such as prednisone. Currently available treatments focus on minimising tissue damage caused by inadequate blood flow. Leading players in the global giant cell arteritis treatment industry, such as Johns Hopkins Hospital, American College of Rheumatology, Duke University Health System, and Lahey Clinic Foundation, Inc., are investing heavily in the research and development activities to develop effective treatments for such autoimmune diseases. Significant technological advancements and the adoption of sonographic assessments are expected to create strong opportunities for market growth.
The approval of orphan drug status to newly developed drugs for the treatment of giant cell arteritis treatment by regulatory authorities like the U.S. Food and Drug Administration (FDA) is also expected to boost the market growth by promoting further drug development through financial incentives and user fee waivers. In September 2020, Kiniksa Pharmaceuticals, Ltd. (NASDAQ: KNSA), a major biopharmaceutical company, announced that FDA had granted mavrilimumab an Orphan Drug designation to be used in the giant cell arteritis treatment. The company was also expected to announce the data from its phase 2 study of mavrilimumab for the treatment of giant cell arteritis treatment by Q4 2020.
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The major players in the global giant cell arteritis treatment market include Johns Hopkins Hospital, American College of Rheumatology, Duke University Health System, and Lahey Clinic Foundation, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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