UK Rheumatoid Arthritis Therapeutics Market Size & Outlook
UK rheumatoid arthritis therapeutics market, 2018-2030 (US$M)
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UK rheumatoid arthritis therapeutics market highlights
- The UK rheumatoid arthritis therapeutics market generated a revenue of USD 1,305.4 million in 2023 and is expected to reach USD 2,119.5 million by 2030.
- The UK market is expected to grow at a CAGR of 7.2% 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 1,305.4 million |
| Market revenue in 2030 | USD 2,119.5 million |
| Growth rate | 7.2% (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, UK accounted for 5.2% 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 Europe, UK rheumatoid arthritis therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,119.5 million by 2030.
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Rheumatoid Arthritis Therapeutics Market Scope
Rheumatoid Arthritis Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 88.74% in 2023. Horizon Databook has segmented the UK rheumatoid arthritis therapeutics market based on pharmaceuticals, biopharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The UK rheumatoid arthritis therapeutics market is experiencing advancements and innovations, such as the establishment of a University of York spinout company, Mesenbio. Founded in January 2024, Mesenbio is focused on developing a groundbreaking treatment for adults and children suffering from RA.
The company aims to harness the potential of engineered human stem cells to produce a novel therapeutic approach that addresses the root causes of the disease instead of symptomatic treatment. RA affects nearly half a million people in the UK, leading to joint pain and inflammation in various body parts, such as the hands, knees, elbows, ankles, and wrists.
It is an autoimmune disease; the body's immune system attacks its cells, resulting in inflammation and tissue damage. While current therapies aim to alleviate pain and inflammation, they often fail to provide comprehensive treatment by not effectively reducing inflammation and protecting tissues from further damage.
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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 UK rheumatoid arthritis therapeutics market, including forecasts for subscribers. This country databook contains high-level insights into UK rheumatoid arthritis therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK rheumatoid arthritis therapeutics market size, by molecule, 2018-2030 (US$M)
UK Rheumatoid Arthritis Therapeutics Market Share, 2023 & 2030 (US$M)
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