Dallas, Texas (PRWEB) May 28, 2014
Thanks to the introduction of novel therapies in the near future, the gout disease treatment market value will increase from $989 million in 2013 to $2.28 billion by 2018, at a significant compound annual growth rate (CAGR) of 18.2%. The company’s latest report Opportunity Analyzer: Gout – Opportunity Analysis and Forecast to 2018 states that out of the six major markets (6MM: the US, France, Germany, Italy, Spain and the UK), the US accounted for 90% of the 2013 gout treatment sales. This was due to the wide use of Colcrys therapy, which is not generically available in the US, as well as the high prevalence of gout in the country.
The acute gout segment of the market will double in size over the forecast period, reaching $337m in 2018 at a CAGR of 15%. The chronic gout market, which encompasses urate-lowering and prophylactic anti-inflammatory therapies, will experience even faster growth at a CAGR of 18.8%, and it will more than double in size, reaching over 1.9 billion in 2018. With the current standard of care for gout already encompassing very successful and cheap treatments, the bar for success in the gout market is quite high. As a result, companies are shifting the focus of their research toward more severe gout cases, trying to address the greatest unmet needs. One of the major drivers of the gout market is the growing number of patients suffering from difficult-to-treat gout, for whom the standard therapies are inappropriate due to the presence of comorbidities, unresponsiveness, or intolerance. Targeting this patient niche is the strongest trend in the research and development (R&D) strategies of the gout players.
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The five European countries (5EU) are now experiencing a dramatic increase in gout prevalence, which is 2.3 times faster than in the US. By the end of the forecast period, Publisher expects the 5EU to have a market share of 12.5%.
Analyst covering Cardiovascular & Metabolic Disorders, says: “With the recent approval of the powerful anti-inflammatory therapy Ilaris, and the market entry of two novel urate-lowering therapies, lesinurad and ulodesine, physicians will have more options available to tackle difficult-to-treat gout.”
The standard treatments are effective in most gout patients, therefore making gout a potentially curable disease. However, there are a growing number of patients for whom the standard therapies are inappropriate. Since most physicians still do not take gout seriously enough, they are passing on this attitude to their patients, who are consequently unaware of the importance of keeping their urate levels down and are not sticking to the appropriate therapy. This in turn is leading to an increase in the difficult-to-treat patient pool.
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Pipeline analysis: comprehensive data split across different phases, emerging novel trends under development, and detailed analysis of late-stage pipeline drugs.
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