The ‘Global Adalimumab Biosimilar Market Size, Share, Trend, Demand, Report and Forecast 2022-2027’ by Expert Market Research, gives an extensive outlook of the adalimumab biosimilar market at a global level. The report assesses the market based on specific segments like product type, distribution channel, and major regions.
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Adalimumab Biosimilar Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 17.6%
One of the key regions in the global adalimumab biosimilar market is predicted to be North America. Due to the rising geriatric population and increasing prevalence of rheumatoid arthritis, the market is expected to grow in the future.
The Asia Pacific region is predicted to have strong growth throughout the forecast period because of significant commercial breakthroughs and expanding biotechnology companies in the region. It is predicted that the market in the area will be fuelled by a growing focus on developing generic and biosimilar pharmaceuticals in the emerging nations of Asia Pacific.
Europe is also expected to see fast growth of the adalimumab biosimilar market due to a rise in approvals for biosimilars. Higher investment in the R&D sector for the development of biosimilars of adalimumab is expected to further supplement market growth.
Adalimumab Biosimilar Market Segmentation
Adalimumab, a monoclonal antibody, is used to treat autoimmune conditions like rheumatoid arthritis and ulcerative colitis, among others. Inhibiting Tumor Necrosis Factor (TNF), a soluble inflammatory cytokine, achieves this. This drug helps to prevent further joint injury and maintain joint function by lowering joint swelling.
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Based on product type, the adalimumab biosimilar market is segmented into:
The distribution channels of the market encompass:
• Hospital Pharmacies
• Retail Pharmacies
The major regional markets include:
• Latin America
• North America
• Middle East and Africa
Adalimumab Biosimilar Market Trends
Skin conditions are among the most prevalent ailments that negatively impact human health. Treating skin problems successfully has been a top priority for health organisations because many of them cause permanent disfigurement, stigma, and impairment. A biosimilar of adalimumab has become a viable treatment option in this situation for chronic skin disorders like eczema. Throughout the projected period, this factor has the potential to significantly grow the size of the worldwide adalimumab biosimilar market.
Due to its many benefits, particularly in the treatment of psoriasis, adalimumab biosimilar is a popular choice for treating skin conditions. The market will rise as a result of the geriatric population and rising public and private investment in pharmaceuticals. When new items are approved by regulators, it inspires other businesses to increase their R&D spending and create innovative new products.
Key Market Players
The major players in the global adalimumab biosimilar market report include:
- Alfred E. Tiefenbacher (GmbH & Co. KG)
- Amgen Inc.
- Boehringer Ingelheim Pharmaceuticals, Inc.
- Glenmark Pharmaceuticals Limited
- Cadila Pharmaceuticals Ltd.
- Torrent Pharmaceuticals Ltd.
- Reliance Life Sciences Private Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
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