Adalimumab Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2027
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The adalimumab market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.8% in the forecast period of 2020 to 2027 and is expected to reach USD 28,508.07 million by 2027. Rise in the prevalence of rheumatoid arthritis and increasing number of contract research organizations are the major drivers which propelled the demand of the market in the forecast period.
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Adalimumab is one of the monoclonal antibodies and is used for the treatment of certain autoimmune diseases involving rheumatoid arthritis and crohn’s diseases among others. Adalimumab is an anti- TNF drug indicated for the treatment of inflammatory symptoms. The biologic of adalimumab is humira and various biosimilar drugs of humira are also available which involves exemptia, hyrimoz, cyltezo and hulio among several others. Adalimumab works by binding to the TNF factor-alpha which reduces the chances of the inflammatory response to autoimmune diseases.
Adalimumab comprises features such as increasing need for better therapeutics options which will impact in launching new product by the manufacturers into the market which enhance its demand as well as increasing investment in research and development leads to the adalimumab market growth. Currently, various research studies are taking place which is expected to create a competitive advantage for manufacturers to develop new and innovative adalimumab which is expected to provide various other opportunities in the adalimumab market. However, high cost of drugs and side effects of drugs are expected to restraint the adalimumab market growth in the forecast period.
adalimumab market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the adalimumab market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Adalimumab Market Scope and Market Size
The adalimumab market is segmented on the basis of indication, type, dosage strength, drug type, route of administration, population type, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of indication, the adalimumab market the market is segmented into rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis, chronic plaque psoriasis, crohn’s disease, ulcerative colitis, juvenile idiopathic arthritis, hidradenitis suppurativa, non-infectious intermediate and others. In 2020, rheumatoid arthritis segment is dominating the adalimumab market because it is one of the most common autoimmune systemic inflammatory diseases affecting approximately 1% of the worldwide population. Moreover, worldwide, the annual incidence of rheumatoid arthritis is approximately 3 cases per 10,000 populations.
On the basis of type, the adalimumab market is segmented into biologics and biosimilars. In 2020, biologics segment is dominating the adalimumab market because less number of biosimilars drugs present worldwide. Moreover, AbbVie have still patent right on the Humira in the U.S. market.
On the basis of dosage strength, the adalimumab market is segmented into 40mg/0.4ml, 80mg/0.8ml, 20mg/0.2ml, 10mg/0.1ml and others. In 2020, 40mg/0.4ml is dominating the adalimumab market because majority of population or patients are suffering from inflammatory disease and are relying on 40mg dose in order to achieve effective treatment.
On the basis of drug type, the adalimumab market is segmented into branded and generics. In 2020, branded segment is dominating the adalimumab market because patients are more satisfied with the branded product; moreover AbbVie has marketing right for branded Humira all over the world.
On the basis of route of administration, the adalimumab market is segmented into parenteral and oral. In 2020, parenteral segment is dominating the adalimumab market because adalimumab is a human monoclonal antibody can only be given through SC route so as to induce slow and effective long term effect.
On the basis of population type, the adalimumab market is segmented into adults and children. In 2020, adults segment is dominating the adalimumab market because adult population have weak immune system and thus are more prone to inflammatory diseases and majority of clinical data supporting adalimumab effectiveness among the adult population.
On the basis of end user, the adalimumab market the market is segmented into hospitals, specialty clinics, home healthcare and others. In 2020, hospitals segment is dominating the adalimumab market because of the presence of skilled professionals, moreover hospital provides with the insurance coverage for adalimumab drugs.
On the basis of distribution channel, the adalimumab market the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies, direct tenders and others. In 2020, hospital pharmacies segment is dominating the adalimumab market because of the presence of experienced professional and adalimumab is only prescribed by the doctors, so one can only buy it from the hospital pharmacies at a reasonable price.
Global Adalimumab Market Scenario
According to Data Bridge Market Research, the market for global adalimumab in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is AbbVie Inc., which accounts an estimated market share of approximately 96.30% in the global adalimumab market. The company has gained outstanding sale by providing advanced and effective adalimumab drugs.
In November 2018, AbbVie Inc. signed a patent license agreement for its product Humira, an adalimumab with the Pfizer Inc. As per the agreement the AbbVie Inc. has granted a non-exclusive license to Pfizer for Humira. This agreement thus helped the company expand its market of adalimumab across different regions of the world.
Trends Impacting the Market
Now the question is which other regions AbbVie Inc., Amgen Europe GmbH (a subsidiary of Amgen Inc.), Biogen are targeting? Data Bridge Market Research has forecasted a large growth in North America adalimumab market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2020.
Global adalimumab market is becoming more competitive with companies such as AbbVie Inc., Amgen Europe GmbH (a subsidiary of Amgen Inc.), and Biogen. These are the top dominating companies in adalimumab market and are launching more new drugs in the market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global adalimumab market.
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adalimumab market Developments
In January 2018, AbbVie Inc. updated the Humira product formulation with the removal of citrate buffer in order to ease the drug administration to pediatric patients with less pain. This product formulation enhanced the brand value in the market and allowed the company to boost up the company’s revenue.
In March 2017, Amgen received marketing authorization for AMGEVITA by European commission. As per the approval the product has been approved for treatment of pediatric inflammatory diseases, severe chronic plaque psoriasis, Crohn’s disease, polyarticular juvenile idiopathic arthritis among others. This approval allowed the company to expand its biosimilar market across 28 European countries.
Scope of the Global Adalimumab Market
Global adalimumab market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Belgium, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific , Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt, Rest of Middle East and Africa.
All country based analysis of the global adalimumab market is further analysed based on maximum granularity into further segmentation. On the basis of indication, the adalimumab market the market is segmented into rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis, chronic plaque psoriasis, crohn’s disease, ulcerative colitis, juvenile idiopathic arthritis, hidradenitis suppurativa, non-infectious intermediate and others. On the basis of type, the adalimumab market is segmented into biologics and biosimilars. On the basis of dosage strength, the adalimumab market is segmented into 40mg/0.4ml, 80mg/0.8ml, 20mg/0.2ml, 10mg/0.1ml and others. On the basis of drug type, the adalimumab market is segmented into branded and generics. On the basis of route of administration, the adalimumab market is segmented into parenteral and oral. On the basis of population type, the adalimumab market is segmented into adults and children. On the basis of end user, the adalimumab market the market is segmented into hospitals, specialty clinics, home healthcare and others. On the basis of distribution channel, the adalimumab market the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies, direct tenders and others.
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Key Pointers Covered in Global Adalimumab Market Industry Trends and Forecast to 2027
Top to Bottom Market Analysis
Recent Developments for Market Competitors
Recent Market Value for Different Countries
Market Value and Overview of Adalimumab Market
Company Profiling of Top Eight Players of Adalimumab Market
Key Market Competitors Covered in the Report
Amgen (Europe) GmbH (A Subsidiary of Amgen Inc.)
Samsung Bioepis (a subsidiary of Samsung Biologics)
Innovent Biologics, Inc.
Hetero Biopharma Ltd.
Fresenius Kabi Deutschland GmbH (A Subsidiary of Fresenius Kabi AG)
Sandoz International GmbH (A Subsidiairy of Sandoz (A Division of Novartis AG))
Boehringer Ingelheim International GmbH
Above are the key players covered in the report, to know about more and exhaustive list of adalimumab companies’, contact us https://www.databridgemarketresearch.com/reports/global-adalimumab-market
Scope of Report:
Adalimumab Market report puts forth a range of segments linked to Market segmentation studies carried out in this report with respect to product type, applications, and geography are important in taking any verdict about the products. Global market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take your business towards the growth and success. Moreover, this report explains better market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. The report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market.
adalimumab market research report makes available the details about historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the associated industry. Increasing prevalence of this market report highlights the major industry growth drivers, challenges, opportunities and restraints for the leading key players. This market document is a great resource which provides current and upcoming technical and financial details of the industry. The report includes market shares for global, Europe, North America, Asia Pacific and South America. Here, information related to buying, selling, demand, supply, price fluctuations, market tendency, price index, methods of price determination, transfer of title etc. of a particular product in a particular market at a specified time has been incorporated very well.
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