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Anti-Rheumatic Drugs - Pakistan

Pakistan
  • The Anti-Rheumatic Drugs market in Pakistan is expected to witness a significant increase in revenue, reaching a projected value of US$25.88m by 2024.
  • This growth is anticipated to continue with an annual growth rate of 0.91% from 2024 to 2029, resulting in a market volume of US$27.09m by the end of 2029.
  • When compared to other countries globally, United States is expected to generate the highest revenue in the Anti-Rheumatic Drugs market, amounting to US$34.70bn in 2024.
  • Pakistan's market for anti-rheumatic drugs is growing steadily due to an aging population and increasing prevalence of rheumatic diseases.

Definition:
The market Anti-Rheumatic Drugs includes medication for the treatment of the inflammatory disease rheumatism. Due to the high prevalence of rheumatism and the large size of the market, this section of immune diseases is treated as a separate market. Both steroidal and non-steroidal anti-rheumatics are included. Disease-modifying rheumatic drugs (DMARDs), such as tumor necrosis factor inhibitors (a type of biologic DMARD), are particularly important in terms of commerciality.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: AbbVie, Johnson & Johnson, Pfizer, Amgen, Roche

In-Scope

  • Drugs to treat rheumatism
  • Steroidal (corticosteroids) and non-steroidal anti-rheumatics
  • Disease-modifying antirheumatic drugs (DMARDs)
  • Tumor necrosis factor (TNF) inhibitors

Out-Of-Scope

  • Drugs to treat other autoimmune diseases (such as multiple sclerosis or psoriasis)
  • Analgetics for general use (such as paracetamol)
  • Treatment of osteoarthritis
Anti-Rheumatic Drugs: market data & analysis - Cover

Market Insights report

Anti-Rheumatic Drugs: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The demand for Anti-Rheumatic Drugs in Pakistan has been growing at a steady pace in recent years.

    Customer preferences:
    The primary customer base for Anti-Rheumatic Drugs in Pakistan is the elderly population, who are more likely to suffer from rheumatic diseases such as osteoarthritis. The younger population also contributes to the demand for these drugs due to the increasing prevalence of autoimmune diseases.

    Trends in the market:
    The Anti-Rheumatic Drugs market in Pakistan has been witnessing a shift towards biologics, which are more effective in treating rheumatic diseases. Additionally, there has been an increase in the number of generic drugs available in the market, which has led to price competition and made these drugs more accessible to a larger population.

    Local special circumstances:
    One of the major challenges faced by the Anti-Rheumatic Drugs market in Pakistan is the lack of awareness about rheumatic diseases among the general population. This has resulted in a delay in diagnosis and treatment, which can lead to more severe health complications. Furthermore, the limited healthcare infrastructure and the high cost of treatment have also hindered the growth of the market.

    Underlying macroeconomic factors:
    The growing population and increasing life expectancy in Pakistan have contributed to the demand for Anti-Rheumatic Drugs. Additionally, the government's focus on improving healthcare infrastructure and increasing healthcare spending has created opportunities for growth in the market. However, the political instability and economic challenges faced by the country have also had a negative impact on the market, leading to fluctuations in demand and supply.

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

    Modeling approach / Market size:

    Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

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    Anti-Rheumatic Drugs: market data & analysis - BackgroundAnti-Rheumatic Drugs: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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