Industry Outlook

Polymyositis treatment market projected to grow at a CAGR of 5.9% during the forecast period from 2023 to 2030. Polymyositis is rare connective tissue disease that causes muscle inflammation leading to muscle weakness. According to prevalence studies, globally the incidence of polymyositis is around 1 to 5 per 100,000 individuals and the prevalence is approximately 5 to 22 per 100,000 individuals. Thus, high awareness related to polymyositis diagnosis & treatment, strong drug pipeline, and rising geriatric population expected to assist the growth of polymyositis treatment market in the near future.

"Abatacept and octagam 10% expected to grow significantly throughout the forecast period for being highly efficient compared to currently available drugs"

Pipeline of polymyositis treatment is strong and comprises potential molecules that will drive the growth of overall market in the near future. Abatacept and octagam 10% are two most potential drugs under phase III clinical trials and are anticipated to perform better than the drugs present currently in the market. Abatacept is a human fusion protein of CTLA-4 & the Fc portion of human IgG1 that inhibits the co-stimulation of T cells. Octagam is an immune globulin intravenous (human) and currently octagam 5% liquid approved for treatment of primary humoral immunodeficiency (PI) and other severe combined immunodeficiencies. However, its application for polymyositis treatment is under trial but results in Phase II trials have been satisfactory in recovery of immune system.

"Asia Pacific is the fastest growing market due to rising geriatric population in Japan and increasing awareness related to polymyositis treatment & diagnosis"

During the forecast period from 2023 to 2030, Asia Pacific identified as the fastest growing polymyositis treatment market mainly due to increasing awareness in medical practitioners related to polymyositis, and the increasing geriatric population in Japan, China & South Korea. According to studies, in 2010 prevalence of polymyositis estimated to be 13.2 cases per 100,000 individuals in Japan. Japan identified as the largest polymyositis treatment market due to rising geriatric population, increasing demand for target-specific drugs, and high awareness related to polymyositis treatment & diagnosis. The major companies present in the market studied based on recent market updates, product portfolio, financial data, and major strategies. This report also covers attractive investment proposition analyzed with the help of PESTEL analysis, which focuses on in-depth geographical research. Key players operating in the overall report are Hospira, Inc., Antares Pharma, Inc., Medexus Pharma, Inc., Fresenius SE & Co. KGaA, Mylan N.V., Alcami Corporation, Teva Pharmaceuticals, Novartis AG, and Genentech, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Polymyositis Treatment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Polymyositis Treatment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Polymyositis Treatment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Polymyositis Treatment market?
• Which is the largest regional market for Polymyositis Treatment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Polymyositis Treatment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Polymyositis Treatment market worldwide?