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The winning Adalimumab Market survey report provides an all-inclusive study on production capacity, consumption, import and export for all major regions across the globe. The report consists of all the detailed profiles for the Adalimumab Market major manufacturers and importers who are influencing the market. According to this report the market is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period 2023-2029. This market report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. A worldwide Adalimumab Market analysis report speaks about the manufacturing process, type as well as applications.
In recent years, the adalimumab market is anticipated to grow rapidly during the forecast period. Adalimumab, which was first licensed in the United States, is now available in more than 60 countries. Its global market is consolidated, with only a few firms attempting to outsmart one other on price. Most of the major players are currently concentrating their efforts on the development of adalimumab biosimilars for the treatment of rheumatoid arthritis and psoriasis. This is seen in clinical trials testing the safety and efficacy of adalimumab biosimilars in the treatment of medical disorders. Many inflammatory disorders in adults are treated with adalimumab, including ulcerative colitis, rheumatoid arthritis, psoriatic arthritis, ankylosing spondylitis, plaque psoriasis, and hidradenitis suppurativa.
Data Bridge Market Research analyses that the adalimumab market was valued at USD 20,912.1 million in 2021 and is expected to reach USD 31,610.01 million by 2029, registering a CAGR of 5.30% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Definition
Adalimumab is a prescription medicine which is sold under the brand names Humira and Exemptia. heumatoid arthritis, psoriatic arthritis, Crohn’s disease, psoriasis, and ulcerative colitis are all treated with adalimumab. TNF (tumour necrosis factor alpha) is commonly bound by adalimumab. When TNF interacts to TBF receptors, an inflammatory response to autoimmune illness is triggered. By binding to a TNF, adalimumab reduces the likelihood of an inflammatory response.
Drivers
The rise in incidences of autoimmune disease such as psoriatic arthritis, plaque psoriasis, ulcerative colitis, ankylosing spondylitis, rheumatoid arthritis and Crohn’s disease is anticipated to flourish the growth rate of the market. Along with this, the growing prevalence of chronic disorders will enhance the demand of adalimumab market.
Another significant factor influencing the growth rate of adalimumab market is the rising healthcare expenditure which helps in improving its infrastructure.
The surging number of geriatric population will propel the market’s growth rate during the forecast period of 2022-2029. As per the World Ageing 2020 research, the world’s population will be roughly 727 million people aged 65 and up in 2020. In 2050, the number of elderly people is expected to increase to 1.5 billion. The geriatric population is more prone to chronic ailments, which is anticipated to enhance the market’s growth rate.
Furthermore, rising initiatives by public and private organizations to spread awareness and surging demand for biosimilar drugs owing to their cost-effectiveness will expand the adalimumab market. Additionally, high disposable income and rising cases of upper respiratory tract infection will result in the expansion of adalimumab market.
Recent Development
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Adalimumab Market Scope
Drug class
Indication
Type
Dosage Strength
Drug Type
Route of Administration
Dosage Form
Age Group
End-Users
Distribution Channel
The report provides insights on the following pointers:
Critical Insights Related to This Market Included in the Report:
Some of the major players operating in the adalimumab market are:
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Adalimumab Market Regional Analysis/Insights
The adalimumab market is analysed and market size insights and trends are provided by country, drug class, type, indication, dosage form, dosage strength, drug type, route of administration, age group, end-users and distribution channel as referenced above.
The countries covered in the adalimumab market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the adalimumab market because of the growing geriatric population and surging prevalence of rheumatoid arthritis in this region. Additionally the rising healthcare expenditure will further propel the market’s growth rate in this region.
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