Latin America Rheumatoid Arthritis Therapeutics Market Size & Outlook
Latin America rheumatoid arthritis therapeutics market, 2018-2030 (US$M)
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Latin America rheumatoid arthritis therapeutics market highlights
- The Latin America rheumatoid arthritis therapeutics market generated a revenue of USD 847.5 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, biopharmaceuticals was the largest revenue generating molecule in 2023.
- Biopharmaceuticals is the most lucrative molecule segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 847.5 million |
| Market revenue in 2030 | USD 1,266.3 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Biopharmaceuticals |
| Fastest growing segment | Biopharmaceuticals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceuticals, Biopharmaceuticals |
| Key market players worldwide | Boehringer Ingelheim, Novartis AG ADR, Regeneron Pharmaceuticals Inc, Pfizer Inc, Bristol-Myers Squibb Co, Roche Holding AG, UCB SA, Johnson & Johnson, Amgen Inc, AbbVie Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global rheumatoid arthritis therapeutics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,884.3 million by 2030.
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Rheumatoid Arthritis Therapeutics Market Scope
Rheumatoid Arthritis Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America rheumatoid arthritis therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rheumatoid arthritis therapeutics market will help companies and investors design strategic landscapes.
Biopharmaceuticals was the largest segment with a revenue share of 88.68% in 2023. Horizon Databook has segmented the Latin America rheumatoid arthritis therapeutics market based on pharmaceuticals, biopharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America rheumatoid arthritis therapeutics market is influenced by healthcare policies, regulatory environment, and pharmaceutical innovations. While specific country-level data may be limited, insights can be drawn from broader regional trends and developments. In recent years, there has been a shift towards the adoption of biosimilar drugs in the treatment of RA across Latin America.
Biosimilars offer more cost-effective alternatives to branded biologic therapies, potentially improving access to treatment for patients in the region. Furthermore, several countries in Latin America have been implementing healthcare reforms aimed at enhancing access to essential medicines and improving patient care.
These reforms, coupled with efforts to streamline drug approvals and foster innovation, could shape the landscape for RA therapeutics in the region. Collaborations between pharmaceutical companies, healthcare providers, and patient advocacy groups may also play a vital role in raising awareness, increasing treatment adherence, and promoting effective management strategies for RA.
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Our clientele includes a mix of rheumatoid arthritis therapeutics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America rheumatoid arthritis therapeutics market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America rheumatoid arthritis therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America rheumatoid arthritis therapeutics market size, by country, 2018-2030 (US$M)
Latin America Rheumatoid Arthritis Therapeutics Market Share, 2023 & 2030 (US$M)
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