Decision Resources, Inc., one of the world's leading research and advisory firms focusing on pharmaceutical and health care issues, finds that the osteoarthritis drug market reached $3.5 billion in 2002. According to the new Pharmacor study entitled Osteoarthritis, market growth will be driven by second-generation, selective cyclooxygenase (COX)-2 inhibitors such as Pfizer's Bextra, Merck's Arcoxia, and Novartis's Prexige. The study forecasts that the selective COX-2 inhibitor class will reach $2.8 billion in sales for osteoarthritis in 2012.
"Pfizer's Bextra launched in the United Sates before any of the other second-generation, selective COX-2 inhibitors in development, and that first- to-market status will help it garner a greater share of the osteoarthritis market compared with other emerging agents in this class," said Melissa Garland, analyst at Decision Resources. "By 2012, Bextra will capture nearly 27% of the selective COX-2 inhibitor market, with sales totaling $750 million, second only to its predecessor, Celebrex."
Osteoarthritis, a noninflammatory degenerative joint disease, is the most common form of arthritis and is one of the most frequent causes of physical disability in adults.
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Pharmacor is a unique family of studies that assesses a host of market- impacting factors and analyzes the commercial outlook for drugs in research and development.
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SOURCE: Decision Resources, Inc.
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