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Leading Market Players
- AbbVie Inc.
- Pfizer Inc.
- Amgen Inc.
- Novartis AG
- Jhonson & Jhonson
- Viatris Inc.
- Bausch Health (Storz Opthalmic Instrument)
- LEO Pharma
- Merck & Co. Inc.
- Celltrion Inc.
In times of recession, the healthcare industry, including the arthritic therapeutic market, faces notable challenges. Economic downturns often result in reduced investment in technology and innovation, which can hinder the development of new treatments and therapies for arthritic conditions.
However, despite the economic challenges, there are factors that can drive growth in the arthritic therapeutic market even during a recession. Increased awareness about the importance of early diagnosis and treatment of arthritic diseases can lead to heightened demand for arthritic therapeutics, as individuals seek to manage their conditions effectively despite financial constraints.
Furthermore, the rise in the prevalence of arthritic diseases, which often accompanies factors such as aging populations and changes in lifestyle, can sustain demand for arthritic therapeutic products even during economic downturns.
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The non-steroidal Anti-inflammatory Drugs (NSAIDs) segment to maintain its lead position during the forecast period.