Market Trends of Scleroderma Therapeutics Industry
This section covers the major market trends shaping the Scleroderma Therapeutics Market according to our research experts:
Immunosuppressants Expected to Witness Significant Growth
Immunosuppressant drugs are used to reduce or suppress the immune system's strength. Many research studies have proven significant results of immunosuppressant medications in curing scleroderma. The increasing number of scleroderma cases is also an important factor in the growth of immunosuppressant medications.
In February 2022, an article published in the journal JSRD reported that immunosuppressive drugs, most commonly methotrexate, significantly reduced scleroderma symptoms. Such researches are a positive influence on the studied segment.
Furthermore, developing new drugs by key market players and increasing R&D expenses also promote the development of new molecules for treating immunosuppressant diseases. For instance, in May 2022, NIH reported that the R&D expenses for scleroderma-related research in the United States are estimated to reach USD 22 million by the end of 2022, compared to USD 21 million in 2021, marking a significant increase of 4.7%. Additionally, in October 2022, clinicians at Michigan Medicine and the University of Pittsburgh received USFDA approval for tofacitinib. Tofacitinib, an immunosuppressant drug, has shown promising results in scleroderma patients. Researchers are also optimistic about the next phase of the study.
Thus, due to the significant results of immunosuppressant drugs in curing scleroderma, increasing R&D expenses, and developing new medicines, the segment is expected to witness considerable growth over the forecast period.
North America Expected to Witness Significant Growth
North America is expected to witness significant growth over the forecast period owing to the rising number of people suffering from scleroderma. The developed healthcare sector also allows access to novel therapeutics and drives the studied market's growth.
The presence of non-profit organizations in the region that raise awareness about the disease is also propelling the growth of the studied market. For instance, the National Scleroderma Foundation advances medical research, promotes disease awareness, and provides support and education to people with scleroderma and their families and support networks. This organization aims to educate a larger audience living with scleroderma and connect more people in the community with the resources they need. The National Scleroderma Foundation connects the community of 300,000 Americans living with scleroderma and provides funds for innovative research to discover the cause, understand the mechanism, and overcome the disease. Such initiatives are propelling the growth of the studied market.
Additionally, the increasing research studies in the region are also propelling the market growth. For instance, in January 2022, Paracrine, Inc. received the FDA approval of its Investigational Device Exemption (IDE) to conduct a pivotal trial titled Scleroderma Treatment with Celution Processed Adipose-Derived Regenerative Cells: A Randomized, Double-blind, Placebo-Controlled Study - the "STAR II Trial." The study is designed to provide a robust data set on the safety and efficacy of adipose-derived regenerative cells (ADRCs) in treating patients with hand dysfunction due to diffuse cutaneous scleroderma. Such research studies may lead to the development of disease and thus drive the growth of the market in the region.
In June 2021, Mallinckrodt Pharmaceuticals joined hands with Scleroderma Canada, a non-profit organization. Such joint initiatives by non-profit organizations and pharmaceutical companies raise awareness and provide support and essential resources to people living with scleroderma. Thus, such initiatives are leading to increasing demand for scleroderma therapeutics, thereby driving the growth of the studied market in the region.
Thus, due to the rising number of people suffering from these diseases and the developed healthcare sector, the market is expected to witness significant growth in the region.
