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The vasculitis treatment market in the US and major European pharmaceutical markets (France, Germany, Italy, Spain, and the UK) is expected to expand in value over the next decade, from under $342 million in 2014 to over $558 million by 2024, at a Compound Annual Growth Rate (CAGR) of 5.1%, according to research and consulting firm GlobalData.
The company's latest report states that the leading driver of this reasonably robust growth will be the anticipated launches of five biologics for the treatment of various forms of vasculitis, including Bristol-Myers Squibb's (BMS) Orencia, Johnson & Johnson's Remicade, GlaxoSmithKline's (GSK) Benlysta and Nucala, and Roche's Actemra.
Ms Alexandra Annis, MS, GlobalData's Analyst covering Immunology, says: "The regulatory approval of these drugs throughout the forecast period will introduce four novel MOAs to the market, which will address current unmet needs well.
"The greatest unmet needs in the vasculitis market are improved safety and efficacy for both induction and maintenance therapies, as induction regimens for the management of vasculitis typically come with a considerable list of side effects."
Ms Annis explains: "The approval of biologics has the potential to result in big profits for pharma, as the cost of using them to treat a patient with vasculitis surpasses $16,000 per year. For this reason, vasculitis is an attractive area for label expansions."