According to the recent research report titled ‘Gout Therapeutics Market Share, Size, Trends, Industry Analysis Report, By Drug Class  Disease Condition; By Regions, Segments & Forecast, 2020 – 2026’, available with Market Study Report, worldwide gout therapeutics market is anticipated to be remunerated at USD 6304.8 million by the year 2026.
 

Gradual surge in cases of gout across the globe, along with booming geriatric populace who are prone to this health condition are primarily driving the growth of global gout therapeutics market. According to the UN data, worldwide elderly population was 809.4 million in 2011 and is poised to reach more than 2000 million by the year 2025. On similar lines, Modern Medicine estimates that 62% elderlies with tophi and metabolic syndrome are susceptible to develop gout.
 

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Notably, gout can be caused to due to genetic history, socioeconomic and dietary factors, as well as owing to medications leading to higher uric acid levels and MSU crystal formation. Besides, increasing prevalence of cardiovascular ailments and comorbid conditions is augmenting global gout therapeutics market outlook.
 

Moreover, increasing research & development activities in the medical field facilitated by public & private investments, alongside swift product approvals are working in favor of market scenario.
 

On the contrary, ever-increasing cost of gout therapies due to strict federal policies, in consort with patent expiry of blockbuster drugs, and intense competition in generic drugs segment leading to restrained entry of new players are few challenges in the global gout therapeutics industry sphere.
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Based on drug class, the marketplace is classified into urate lowering agents, colchicine, corticosteroids, and non-steroidal anti-inflammatory drugs. While as per disease conditions, the industry is divided into chronic, and acute.
 

Moving on to geographical terrain, North America led the worldwide gout therapeutics market forecast in the recent past, owing to large pool of gout patients in the United States and Canada, coupled with emphasis on research & development activities, and presence of known players in the region.
 

Meanwhile, Asia Pacific gout therapeutics industry share is slated to enlarge significantly in the ensuing years, pertaining to booming population, trend of smoking and alcohol consumption, as well as constant demand for effective therapies.
 

Renowned companies in the market sphere are Grünenthal Group, Selecta Biosciences Inc., JW Pharmaceutical Corp., Ironwood Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Teijin Pharma Limited, Merck & Co. Inc., Novartis AG, GlaxoSmithKline plc, Takeda Pharmaceutical Co. Ltd., Horizon Therapeutics plc, and AstraZeneca plc.