Acute Gout Flare Therapeutics Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Acute Gout Flare Therapeutics Market is segmented By Type of Treatment (Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids, Colchicine, I....
Acute Gout Flare Therapeutics Market Size
Market Size in USD
CAGR3.2%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 3.2% |
| Market Concentration | High |
| Major Players | Novartis, Olatec Therapeutics, Dyve Biosciences, Novilla Pharmaceuticals, Horizon Therapeutics |
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Acute Gout Flare Therapeutics Market Analysis
The Acute Gout Flare Therapeutics Market is estimated to be valued at USD 2.5 billion in 2024 and is expected to reach USD 4.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. The prevalence of gout is increasing globally due to rising obesity rates and unhealthy lifestyle habits such as alcohol consumption and poor diet which will drive the demand for acute gout flare therapeutics during the forecast period.
The market is witnessing a rise in the demand for novel therapeutics such as Interleukin-1 inhibitors which provide rapid relief from gout attacks and reduce the side effects seen with conventional drugs. Moreover, the presence of a robust product pipeline with drugs in late-stage clinical trials will further support market growth during this period. Several pharmaceutical companies are collaborating with biotech firms to develop advanced therapeutics for acute gout flares.