The growing interest of the pharmaceutical industry in the therapeutic potential for treating axial spondyloarthritis has been a catalyst for the progress in the global axial spondyloarthritis market. Although most commercialized products for the treatment of axial spondyloarthritis include anti-tumor necrosis factor therapy and anti interleukin therapy, anti-janus kimase therapy is also anticipated to increase given the ability to fulfill unmet medical needs and address the complex, challenging targets. The recent increase in the number of drug approvals received for treating different types of axial spondyloarthritis is considered to have added value in the emerging potential drug development.
The Axial Spondyloarthritis Market was estimated to be at $1,873.8 million in 2021, which is expected to grow with a CAGR of 13.44% and reach $7,937.8 million by 2032.
The growth in the global axial spondyloarthritis market is expected to be driven by the introduction of novel products, the increasing awareness about the disease, and the rising research and development investments, among others.
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