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Europe is projected to hold a significant share of the overall market owing to the growing female geriatric population in the region. Moreover, the robust healthcare sector in the region is increasing accessibility to optimal healthcare among the population, hence aiding the market growth. The high prevalence of polymyalgia rheumatica in Scandinavian countries such as Norway is also invigorating the industry growth. In addition, the introduction of favourable government initiatives to aid the treatment of polymyalgia rheumatica in the region is providing further boost to the market growth. Apart from this, North America is witnessing robust growth due to the presence of major companies in the area. Moreover, increasing research and development (R&D) activities for the development of more effective treatment in the region is propelling the market growth.
GlaxoSmithKline plc (NYSE: GSK), one of the leading companies in the market, announced in June 2021 that it would present data from key focus areas within its oncology portfolio at the America Society of Clinical Oncology Annual Meeting and the European Hematology Association Virtual Congress. The company is expected to demonstrate innovative approaches for research and development (R&D) activities in oncology using cutting-edge technology at the meetings. It shared data from a combined analysis of three phases III studies in patients with mutated ovarian cancer. Various immune-mediated adverse reactions occurred in several patients in their musculoskeletal and connective tissue, and polymyalgia rheumatica was observed. This is anticipated to surge the use of polymyalgia rheumatica treatment. Such measures are projected to aid the market growth in the forecast period.
Market Analysis by Diagnostic Method, Drug Class, Route of Administration, End Use and Region:
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The major players in the global market for polymyalgia rheumatica treatment are Sanofi SA, Apotex Corporation, GlaxoSmithKline plc, AbbVie Inc., and Horizon Therapeutics plc, 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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