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Global Ankylosing Spondylitis Drugs Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Ankylosing Spondylitis Drugs Market - 2021-2028
Published: October 29, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

The global ankylosing spondylitis drugs market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Ankylosing spondylitis is a systemic inflammatory disease that primarily affects the spine. In ankylosing spondylitis, the joints, ligaments, and spine become inflamed. The inflammation leads to pain and stiffness in the lower back of the body and progress into the upper spine, neck, and chest.

Market Dynamics

The global ankylosing spondylitis drugs market growth is driven by the introduction of novel products and the entry of biosimilars, increasing prevalence of the disease, rising awareness about diagnostics and treatments for the disease. In addition, government initiatives and improving healthcare infrastructure.

Introduction of novel products and the entry of biosimilars coupled with the increasing prevalence of the disease is expected to drive market growth

Ankylosing spondylitis, a chronic inflammatory disease that affects the spine. It is a type of arthritis in which spine bones grow or fuse, causing the spine to become rigid. According to a study published in Oxford University Press, the number of cases in Europe was 1.30 to 1.56 million and 4.63 to 4.98 million in the Asia Pacific. The commercialization of novel products and increasing collaborations between companies are expected to accelerate market growth. For instance, in August 2019, Eli Lilly and Company received U.S. FDA approval for its product, Taltz injection 80 mg/mL, to treat active ankylosing spondylitis. Before this approval, the product was approved for active psoriatic arthritis and moderate to severe plaque psoriasis in March 2016 and December 2017, respectively. Moreover, in September 2018, Gilead Sciences, Inc. and Galapagos NV co-developed a product, Filgotinib, which has completed a phase 2 clinical trial to indicate moderately to severely active ankylosing spondylitis.

Moreover, the patent cliff has led to the entry of biosimilars into the market. These may improve patient access and contribute to market growth. For instance, in November 2019, the U.S. FDA approved Humira's biosimilar, Abrilada, to treat certain indications, including ankylosing spondylitis.

High cost of treatment is likely to hamper the market growth

As per the research of Novartis Pharmaceuticals Corporation, that provided insight into the direct medical costs associated with AS. The higher costs associated with AS were largely a result of increased medical outpatient services (mean cost $13,220 and $4,602 per patient per year) and outpatient pharmacy costs (mean cost $14,074 and $1,737 per patient per year). Outpatient pharmacy costs associated with AS included biologic therapies, other AS-related medications (e.g., anti-inflammatory drugs, antirheumatic drugs), antihypertensives, and antidepressants are likely to restrain the market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic is expected to impact the ankylosing spondylitis market due to disruptions in clinical studies, cancellation of elective procedures, and supply chain disruption. Ankylosing spondylitis drug suppliers faced several challenges such as travel restrictions, business closures, stay-at-home protocols, and employee illness or quarantines during the pandemic.

Many hospitals have canceled or postponed elective surgeries worldwide to prevent cross-infection and meet the demands of coronavirus patients. For instance, University Medical Center and Sunrise Health in Las Vegas postponed elective surgeries to save bed capacity in 2020. According to the CovidSurg Collaborative in 2020, orthopedic procedures were canceled most frequently, composing 26% of the total canceled or postponed surgeries in 2020, which had a short-term negative impact on the market.

Segment Analysis

The cosentyx (secukinumab) segment is expected to hold the largest share in this market segment

Cosentyx (Secukinumab) is expected to be the fastest-growing segment over the forecast period. In January 2016, Cosentyx (also referred to by its generic name, Secukinumab), an IL-17 inhibitor approved by the FDA to treat ankylosing spondylitis. It's the first biologic of its kind to treat AS by targeting a molecule called IL-17A. It is administered as a subcutaneous injection is considered safer and more effective than NSAIDs. In October 24th 2019, Novartis received the European Commission approval for Cosentyx for non-radiographic axial spondylarthritis. The company further plans to submit the label update application to the U.S. FDA, and once it is approved, the product is projected to have significant growth over the forecast period.

Geographical Analysis

North America region holds the largest market share of the global ankylosing spondylitis drugs market

North America was the largest region that accounted for the highest share owing to high disease prevalence in the U.S. and Canada, commercial sales of branded drugs, and increasing product approvals. For instance, Renflexis (infliximab-abda) was approved in the U.S. in April 2017, and Ontruzant (trastuzumab-dttb) was approved in January 2019. The patent expiry of branded drugs has provided an opportunity for biosimilars. For instance, the patent expiry of Remicade in 2015 resulted in the introduction of Inflectra in 2016, Ixifi & Renflexis in 2017, and Avsola in 2019. Moreover, in October 2018, the patent of AbbVie's proprietary product Humira expired in the E.U.

In addition, initiatives undertaken by major players support market growth in North America. In January 2019, Novartis AG and TrialSpark collaborated intending to increase patient access to clinical trials. This collaboration will shorten the enrollment timeline and help in the faster development of new therapies.

Competitive Landscape

The global ankylosing spondylitis drugs market is highly competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include AbbVie, Inc, Amgen, Inc, Pfizer, Inc, Novartis AG, Eli Lilly and Company, UCB, S.A, Johnson & Johnson Services, Inc, Merck & Co., Inc, Regeneron Pharmaceuticals and Bristol-Myers Squibb Company. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the software as a medical device globally. For instance, in May 2019, Abbvie Inc. announced the patent extension of its blockbuster drug, Humira, till 2023 in U.S. after the settlement with Boehringer Ingelheim International GmbH. This deal with Boehringer enabled the company to maintain a monopoly in U.S.

Global Ankylosing Spondylitis Drugs Market - Key Companies to Watch

Novartis AG

Overview: Novartis AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland, established in 1996. The company has over 105,794 employees and operates business through two divisions: Innovative medicine, Sandoz. Made up of two business units- Novartis Pharmaceuticals, which includes Novartis Gene Therapies, and Novartis Oncology - our Innovative Medicines Division commercializes innovative patented medicines to enhance health outcomes for patients and healthcare professionals. Sandoz is a global leader in generic pharmaceuticals and biosimilars that pioneers novel approaches to help people worldwide access high-quality medicines.

Product Portfolio: COSENTYX (Secukinumab) is a fully human IgG1κ monoclonal antibody selectively binds and neutralizes the proinflammatory cytokine interleukin-17A (IL17A). It is supplied as a sterile solution in a single-use pre-filled SensoReady pen and also supplied as a powder for solution for subcutaneous injection.

Why Purchase the Report?

Visualize the composition of the ankylosing spondylitis drugs market segmentation by drug class, route of administration, distribution channel and region highlighting the key commercial assets and players.

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Excel data sheet with thousands of data points of ankylosing spondylitis drugs market-level 4/5 segmentation.

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Product mapping in excel for the key product of all major market players.

The global ankylosing spondylitis drugs market report would provide an access to an approx. 40+ market data table, 45+ figures and 180 pages.

Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Ankylosing Spondylitis Drugs Market - By Drug Class

Non-steroidal anti-inflammatory drugs

Ibuprofen

Naproxen

Disease-modifying antirheumatic drugs

Methotrexate

Tumor necrosis factor (TNF) blocker

Adalimumab (Humira)

Certolizumab pegol (Cimzia)

Etanercept (Enbrel)

Golimumab (Simponi)

Infliximab (Remicade)

Interleukin-17 (IL-17) inhibitor

Secukinumab (Cosentyx)

Ixekizumab (Taltz)

Others

Global Ankylosing Spondylitis Drugs Market - By Route of Administration

Oral

Parenteral

Global Ankylosing Spondylitis Drugs Market - By Distribution Channel

Hospital Pharmacies

Retail Pharmacies

Online Pharmacies

Others

Global Ankylosing Spondylitis Drugs Market - By Region

North America

Europe

Asia-Pacific

Middle East & Africa

South America

Product Code: DMPH4257

Table of Contents

1. Global Ankylosing Spondylitis Drugs Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Ankylosing Spondylitis Drugs Market - Market Definition and Overview

3. Global Ankylosing Spondylitis Drugs Market - Executive Summary

  • 3.1. Market Snippet by Drug Class
  • 3.2. Market Snippet by Route of Administration
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Region

4. Global Ankylosing Spondylitis Drugs Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Introduction of novel products and the entry of biosimilars coupled with the increasing prevalence of the disease
    • 4.1.2. Restraints:
      • 4.1.2.1. High cost of treatment
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Ankylosing Spondylitis Drugs Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Pipeline Analysis
  • 5.3. Epidemiology
  • 5.4. Supply Chain Analysis
  • 5.5. Pricing Analysis
  • 5.6. Regulatory Analysis
  • 5.7. Unmet Needs

6. Global Ankylosing Spondylitis Drugs Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Ankylosing Spondylitis Drugs Market - By Drug Class

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 7.1.2. Market Attractiveness Index, By Drug Class
  • 7.2. Tumor necrosis factor (TNF) blocker*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    • 7.2.3. Adalimumab (Humira)
    • 7.2.4. Certolizumab pegol (Cimzia)
    • 7.2.5. Etanercept (Enbrel)
    • 7.2.6. Golimumab (Simponi)
    • 7.2.7. Infliximab (Remicade)
  • 7.3. Non-steroidal anti-inflammatory drugs
    • 7.3.1. Ibuprofen
    • 7.3.2. Naproxen
  • 7.4. Disease-modifying antirheumatic drugs
    • 7.4.1. Methotrexate
  • 7.5. Interleukin-17 (IL-17) inhibitor
    • 7.5.1. Secukinumab (Cosentyx)
    • 7.5.2. Ixekizumab (Taltz)
  • 7.6. Others

8. Global Ankylosing Spondylitis Drugs Market - By Route of Administration

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 8.1.2. Market Attractiveness Index, By Route of Administration
  • 8.2. Parenteral*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 8.3. Oral

9. Global Ankylosing Spondylitis Drugs Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 9.1.2. Market Attractiveness Index, By Distribution Channel
  • 9.2. Hospital Pharmacies*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 9.3. Retail Pharmacies
  • 9.4. Online Pharmacies
  • 9.5. Others

10. Global Ankylosing Spondylitis Drugs Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. U.K.
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Spain
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel

11. Global Ankylosing Spondylitis Drugs Market - Competitive Landscape

  • 11.1. Key Developments and Strategies
  • 11.2. Company Share Analysis
  • 11.3. Product Benchmarking
  • 11.4. Key Companies to Watch
  • 11.5. Company with disruptive technology
  • 11.6. Start-Up Companies

12. Global Ankylosing Spondylitis Drugs Market- Company Profiles

  • 12.1. Novartis AG*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Merck & Co., Inc
  • 12.3. Regeneron Pharmaceuticals, Inc
  • 12.4. Amgen Inc
  • 12.5. AbbVie Inc
  • 12.6. Eli Lilly and Company
  • 12.7. UCB, S.A
  • 12.8. Johnson & Johnson Services, Inc
  • 12.9. Bristol-Myers Squibb Company
  • 12.10. Pfizer Inc (LIST NOT EXHAUSTIVE)

13. Global Ankylosing Spondylitis Drugs Market - DataM

  • 13.1. Appendix
  • 13.2. About Us and Services
  • 13.3. Contact Us