The global xeljanz tofacitnib market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor for the growth of the market is the increase in the number of arthritis patients which include patients suffering from rheumatoid arthritis, psoriatic arthritis, and ulcerative arthritis. According to the Global RA Network, around 350 million people across the globe are suffering from arthritis. Arthritis caused the US healthcare system to spend around $303 billion each year, according to the data submitted by the Centers for Disease Control and Prevention (CDC). This, in turn, is driving the demand for xeljanz tofacitnib drugs for the treatment of arthritis patients. 

The drug is marketed under the name of Xeljanz by Pfizer; it is a Janus kinases drug. The drug targets the reduction of inflammation caused by rheumatoid arthritis, by inhibiting the janus kinases which is involved in the inflammatory response pathway. In August 2021, the European Commission (EC) had approved the drug for the treatment of arthritis in Europe, which will further increase the demand for these drugs. In addition to this, the EC has also approved the prolonged-release 11 mg version of the drug for the treatment of patients suffering from JPsA (juvenile psoriatic arthritis). In August 2021, Zydus Cadila, which is a part of Cadila Healthcare, received the final approval for the 180- days exclusivity for Xeljianz generic in the US. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By Application

• Regions Covered 

o North America

o Europe

o Asia-Pacific

o Rest of the Word

• Competitive Landscape - Novartis, Inc., Eli Lilly, Pfizer, Inc., AbbVie, Zydus Cadila, Teva Pharmaceuticals, Cipla, Natco Pharma, Intas Biopharmaceuticals, and many others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Xeljanz Tofacitnib Drug Market 

o By Type 

• Tablets
• Extended-Release Tablets

o By Application

• Rheumatoid Arthritis
• Psoriatic Arthritis
• Other

Global Xeljanz Tofacitnib Drug Market Report Segment by Region