Saudi Arabia Rheumatoid Arthritis Therapeutics Market Size & Outlook
Saudi Arabia rheumatoid arthritis therapeutics market, 2018-2030 (US$M)
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Saudi Arabia rheumatoid arthritis therapeutics market highlights
- The Saudi Arabia rheumatoid arthritis therapeutics market generated a revenue of USD 156.8 million in 2023 and is expected to reach USD 215.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.7% 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.
Rheumatoid arthritis therapeutics market data book summary
| Market revenue in 2023 | USD 156.8 million |
| Market revenue in 2030 | USD 215.8 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Biopharmaceuticals |
| Fastest growing segment | Biopharmaceuticals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.6% of the global rheumatoid arthritis therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia rheumatoid arthritis therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 65.5 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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Saudi Arabia 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 88.71% in 2023. Horizon Databook has segmented the Saudi Arabia rheumatoid arthritis therapeutics market based on pharmaceuticals, biopharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia rheumatoid arthritis therapeutics market has seen key developments, particularly with the approval of new biosimilar drugs. In January 2023, a significant milestone was achieved with the approval of AVT02, a biosimilar for Humira (adalimumab), by the Saudi Food & Drug Authority (SFDA).
This approval came as part of a strategic partnership between Alvotech and Bioventure, marking the first biosimilar to be approved under this collaboration. AVT02, which will be marketed as Simlandi in Saudi Arabia, offers a more cost-effective alternative to Humira and is indicated for the treatment of RA and several other inflammatory diseases.
This approval reflects the growing interest and investment in biosimilars to enhance healthcare access and affordability in the country. Biosimilars such as Simlandi have the potential to expand treatment options for RA patients, providing them with more choices and potentially improving treatment outcomes.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia rheumatoid arthritis therapeutics market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia rheumatoid arthritis therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia rheumatoid arthritis therapeutics market size, by molecule, 2018-2030 (US$M)
Saudi Arabia Rheumatoid Arthritis Therapeutics Market Share, 2023 & 2030 (US$M)
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