Vietnam Rheumatoid Arthritis Drugs Market Analysis

Vietnam Rheumatoid Arthritis Drugs Market Analysis


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Vietnam Rheumatoid Arthritis Drugs Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Rheumatoid Arthritis Drugs market is growing globally due to the growing aging population, increasing prevalence of rheumatoid arthritis, growing development in biologics, advancements in treatment options, increasing investment in research and development activities, increasing patient awareness and diagnosis and increased technological advancements. Pfizer Inc., Abbvie Inc., Novartis AG, Amgen Inc., Boehringer Ingelheim International GmbH., Merck & Co Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals Industries Ltd., AstraZeneca, Ampio Pharmaceuticals Inc., Lilly, Fresenius Kabi AG, Bayer AG, Casper Pharma, Dr. Reddy's Laboratories Ltd., Norbrook.

ID: IN10VNPH392 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Riddhi Solanki

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Vietnam Rheumatoid Arthritis Drugs Market Analysis Summary

Vietnam Rheumatoid Arthritis Drugs Market is valued at around $301.5 Mn in 2022 and is projected to reach $405.9 Mn by 2030, exhibiting a CAGR of 3.79% during the forecast period 2023-2030.

Rheumatoid arthritis (RA) is a chronic autoimmune disease that mostly affects the joints. RA treatments are intended to treat the symptoms and limit the illness's progression. Rheumatoid arthritis is treated with a variety of medications, including Disease-Modifying Antirheumatic Drugs (DMARDs) which are a class of medications that help to suppress the underlying autoimmune response in rheumatoid arthritis. They can slow down disease progression and reduce joint damage examples include Methotrexate, Sulfasalazine, Hydroxychloroquine, and Leflunomide. Biologic Response Modifiers: Genetically modified proteins known as biologic medications target particular immune system elements involved in the inflammatory phase of rheumatoid arthritis. They can ease discomfort, lessen inflammation, and prevent joint injury. Categories of biological medications are Tumor Necrosis Factor (TNF) inhibitors, Interleukin-6 (IL-6) inhibitors, B-cell modulators, T-cell co-stimulation modulators, and Janus Kinase (JAK) inhibitors. Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) aid in rheumatoid arthritis pain relief and inflammation reduction. They alleviate symptoms but do not stop the progression of the disease. Ex- Ibuprofen, Naproxen. Corticosteroids such as prednisone, are potent anti-inflammatory medications that can help reduce inflammation and manage symptoms in rheumatoid arthritis. Biosimilars are the future of the market because they are cost-effective and efficacious. Pfizer Inc., Abbvie Inc., Novartis AG, Amgen Inc., Boehringer Ingelheim International GmbH., Merck & Co Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals Industries Ltd., AstraZeneca, Ampio Pharmaceuticals Inc., Lilly, Fresenius Kabi AG, Bayer AG, Casper Pharma, Dr. Reddy's Laboratories Ltd., Norbrook.

Market Dynamics

Market Growth Drivers

A growing aging population, increasing prevalence of rheumatoid arthritis, growing development in biologics, advancements in treatment options, increasing investment in research and development activities, increasing patient awareness and diagnosis, and increased technological advancements act as market growth drivers.

Market Restraints

High Cost of pharmaceuticals, Patent Expirations and Biosimilar Competition, Safety Concerns and Side Effects like increased risk of infections, infusion reactions, gastrointestinal issues, liver toxicity, immune system suppression, limited efficacy in some patient subgroups, and Regulatory and Reimbursement Challenges act as market growth restraints.

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Abbvie Inc.
  • Novartis AG
  • Amgen Inc.
  • Boehringer Ingelheim International GmbH.
  • Merck & Co Inc.
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceuticals Industries Ltd.
  • AstraZeneca
  • Ampio Pharmaceuticals Inc.
  • Lilly
  • Fresenius Kabi AG
  • Bayer AG
  • Casper Pharma
  • Dr. Reddy's Laboratories Ltd.
  • Norbrook

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Vietnam Rheumatoid Arthritis Drugs Market

By Drugs

  • Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)
  • Corticosteroid?
  • Disease-modifying antirheumatic Drugs (DMARDs)
  • Janus Kinase (JAK) Inhibitors
  • Biologic Agents
  • Others

By Route of Administration

  • Oral
  • Parenteral
  • Topical
  • Others

By End-Users

  • Hospitals
  • Specialty Clinics
  • Others

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 February 2024
Updated by: Bhanu Pratap Singh

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