PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1256613
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1256613
Anti-rheumatic drugs are substances that are administered to treat rheumatoid arthritis, among other diseases like gout, lupus, osteoarthritis and so on. The market in the region is expected to see growth due to the growing geriatric population along with the presence of a fair share of pharmaceutical companies in the region.
According to a study published in April 2021, under the name, "Rheumatic diseases in Africa", it was estimated that about 4.3 million individuals in the African region suffered from rheumatoid arthritis with the prevalence in individual countries estimated to be in the range of 0.06% to 3.4%. Thus, this extensive prevalence of these diseases in the region is expected to drive the demand for anti-0rheumatic drugs, in turn, driving the regional market.
The rising old-age population in the country is expected to be one of the key factors contributing to the market growth in the region. This is because the elderly population is more susceptible to the diseases and conditions for which these rheumatic drugs act as an aid. According to the United States Census Bureau, the population of Africa in the age bracket of 60 and above was recorded at 74.4 million and according to the projections by the Bureau, this figure is expected to rise to about 235.1 million by 2050, thus, showing a growth of more than 300% of the initial figure. Along with that, the proportion of people of age 60 and above is also projected to increase from 2020 to 2050. This steady rise in the geriatric population in the region is thus expected to drive the market for anti-rheumatic drugs in the African region.
Anti-rheumatic drugs are medications that are used in the treatment of autoimmune conditions such asrheumatoid arthritis, and psoriatic arthritis for decreasing inflammation, and pain and preventing joint damage Besides rheumatoid arthritis, anti-rheumatic drugs are further used in the treatment of other autoimmune diseases such as lupus where the immune system attacks the healthier cells and organs of the body, thereby causing inflammation in joints, kidneys, heart, and lungs. Further, there has been evidence from the Global Burden of Disease studies which indicates that osteoarthritis is known to be a significant cause of disability and in the African region, it is regarded to be the most prevalent form of arthritis.Based on country, theAfrica anti-rheumatic drug market is divided into South Africa, Nigeria, Algeria, Kenya, Tunisia, and others.South African market is expected to hold a significant share in the African anti-rheumatic drug market.