The global Gout Therapeutics Market is expected to experience steady growth during the forecast period, driven by various factors such as changing lifestyles, an increase in the geriatric population, and a rise in chronic gout patients. The market is also expected to benefit from expanding research and development activities and advancements in biologics to treat gout.

Gout is a type of arthritis that can cause severe pain, inflammation, and redness in the joints. Various therapies, such as NSAIDs or corticosteroids, can be used to treat the pain and inflammation. The growing number of clinical trials and FDA approvals for gout therapeutics are also expected to drive growth.

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However, high competition between established and local pharmaceutical companies, patent expiration of key pharmaceuticals, and the rising cost of newly released drugs could negatively impact revenue share.

The global gout therapeutics market is segmented based on drug class, disease condition, and region. The NSAIDs segment accounted for the largest revenue share in 2020 due to its high degree of penetration and affordable cost compared to other classes of pharmaceuticals. The colchicine segment is expected to account for a robust revenue share due to the ability of colchicine-based therapeutics to suppress acute inflammatory responses by inhibiting neutrophil adhesion, chemotaxis, and motility. The chronic gout segment is expected to account for the largest revenue share compared to other disease condition segments due to the introduction of various urate-lowering medicines as well as the number of therapeutics in the pipeline.

In the regional landscape, the North American gout therapeutics market is expected to account for the largest revenue share due to the presence of established companies, rising investment in R&D, availability of affordable biologics, and a rising geriatric population in countries such as the United States. The Asia Pacific gout therapeutics market is expected to register the fastest revenue CAGR attributed to an increase in healthcare spending, rising disposable income, supportive government initiatives to promote gout awareness among people, and rising investment by key companies to develop novel therapeutic products.

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The major companies in the global gout therapeutics market include GlaxoSmithKline plc, Savient Pharmaceuticals, Takeda Pharmaceutical Company Ltd., Novartis AG, AstraZeneca plc, Merck & Co. Inc., Teijin Pharma Ltd., and Regeneron Pharmaceuticals. These companies are focusing on innovative strategies such as partnerships, mergers, acquisitions, and new product development as well as expanding their business to generate more revenue opportunities.

The COVID-19 pandemic and resulting lockdowns severely disrupted the overall business landscape and operations worldwide. The sudden and drastic downturn in economic activity caused a slowdown in manufacturing, production, and other sectors, resulting in employment loss to a significant extent. Supply impacts were further compounded due to challenges on the demand-side owing to reduced disposable income, depleting savings, and increased uncertainties. The emergence of variants of the virus and rise in infection rates during the initial waves and subsequent lockdowns has severely impacted operations and disrupted supply chains.

Overall, the report provides a detailed view of the gout therapeutics market, including changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

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