ASIA GOUT DISEASE TREATMENT MARKET ANALYSIS

Market Challenges And Opportunities

Asia Gout Disease Treatment Market– Driver

Rising incidence of gout diseases

Rising incidence of gout diseases is expected to drive the market growth over the forecast period. For instance, according to an article published in the National Library Of Medicine, in June 2020, reported the prevalence and incidence of gout vary widely according to the population studied and methods employed but range from a prevalence of <1% to 6.8% and an incidence of 0.58-2.89 per 1,000 person-years. Gout is more prevalent in men than in women, with increasing age, and in some ethnic groups.

Adoption of Inorganic Strategies by Key Players

Adoption of inorganic strategies by key players can also drive the gout disease treatment market growth. For instance, Market players are more focused on adoption of inorganic growth strategies such as acquisitions, collaborations, and partnerships to strengthen its anti-gout drugs portfolio. For instance, in September 2020, Simcere Pharmaceutical Group, a manufacturer and supplier of generic pharmaceuticals in the China market, and JW Pharmaceutical , a pharmaceutical companies in Korea, entered into a collaboration and exclusive license agreement for the development of anti-gout drug candidate Uniform Resource Characteristics (URC-102) in China. Under this agreement, the responsibilities of clinical trial and registration will be taken by Simcere Pharmaceutical Group. The candidate, URC-102, is a selective inhibitor of uric acid transporter (URAT-1) and it is in Phase IIb clinical trial in patients with gout disease in South Korea.

Asia Gout Disease Treatment Market: Restraint

The adverse effects and risks associated with drugs such as NSAIDS

The adverse effects and risks associated with drugs such as NSAIDS and urate-lowering agents is major factor restraining growth of this market. Most of the gout drugs are associated with some severe side effects, which may lead to decrease in demand for these drugs. Nonsteroidal anti-inflammatory drugs (NSAIDs) may cause some gastric problems such as indigestion. In some cases, these drugs can cause gastric ulcers, bleeding, and rashes in gastrointestinal GI tract. For instance, in February 2020, the U.S. Food and Drug Administration (FDA) announced to add a new boxed warning for febuxostat, as there is increased risk of death associated with Uloric (febuxostat) compared to another gout medicine, allopurinol. Febuxostat belongs to the urate-lowering agents.

Key market players are focusing on safety and efficacy of drugs.

Asia Gout Disease Treatment Market Report Coverage

• Restraints & Challenges: The adverse effects and risks associated with drugs such as NSAIDS
• Growth Drivers: Rising incidence of Gout Diseases, Adoption of Inorganic Strategies by Key Players