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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Adalimumab Biosimilar Market Outlook
The global adalimumab biosimilar market is expected to grow at a CAGR of about 17.60% in the forecast period of 2024-2032, driven by the rising incidence of rheumatoid arthritis, especially amongst the rapidly growing geriatric population.
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North America, Asia Pacific, and Europe to be the Significant Regional Markets for Adalimumab Biosimilar
North America is expected to be one of the largest markets, owing to numerous large-scale testing laboratories worldwide. The rising incidence of rheumatoid arthritis and the growing geriatric population are among the major factors which are fuelling the market expansion in North America.
Due to extensive commercial advancements and growing biotechnology corporations in the province, Asia Pacific is anticipated to register sturdy growth over the projection period. The increasing focus to develop generic and biosimilar products in the emerging nations of Asia Pacific is estimated to fuel the global adalimumab biosimilar industry in the region.
Europe is expected to grow faster due to the rise in approvals of the new biosimilars, the ageing population, and increasing investments in the research and development of the new adalimumab biosimilars. For instance, in October 2018, Amgen Inc. launched AMGEVITA, a biosimilar of adalimumab.
Adalimumab Biosimilar: Market Segmentation
Adalimumab is a monoclonal antibody used to treat autoimmune illnesses, such as rheumatoid arthritis, Crohn's disease, ulcerative colitis, and others. It accomplishes this by blocking Tumour Necrosis Factor (TNF), a soluble inflammatory cytokine. This drug helps prevent further joint injury and preserve joint function by lowering joint swelling.
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By product, the market includes:
- Exemptia
- Adalirel
- Cipleumab
- Others
The several distribution channels of the market are:
- Hospital Pharmacies
- Retail Pharmacies
- Others
The regional markets for the adalimumab biosimilar industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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The Proliferation of Skin Disorders Augmenting the Market Growth
The most frequent illnesses that harm human health are skin disorders. Many skin disorders lead to lifelong disfigurement, stigma, and disability, and treating them effectively has become a significant concern for health organizations. In this context, a biosimilar of adalimumab has emerged as a feasible therapy option for persistent skin conditions like eczema. This aspect can significantly increase the size of the global adalimumab biosimilar industry throughout the forecast period. The multiple advantages, especially in treating psoriasis, adalimumab biosimilar is a preferred option for tackling skin disorders. The rising geriatric population and increasing public and private investment in pharmaceuticals will propel the market growth. Regulatory approvals for novel products motivate other companies to invest more in research and development and produce new inventions. Some global adalimumab biosimilar industry competitors are already working on new product development and portfolio expansion. For example, through a licencing deal with Cadila Healthcare, Glenmark Pharmaceuticals introduced ADALY, its adalimumab biosimilar medicine, in Mumbai in January 2018.
Key Industry Players in the Global Adalimumab Biosimilar Market
The report gives a detailed analysis of the following key players in the global adalimumab biosimilar industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Adalimumab Biosimilar Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 17.60% between 2024 and 2032.
The major drivers of the market include the presence of numerous large-scale testing laboratories, rising incidence of rheumatoid arthritis, growing biotechnology corporations, increasing focus to develop generic and biosimilar products, rise in approvals of the new biosimilars, and growing investments in the research and development of the new adalimumab biosimilars.
The growing geriatric population and proliferation of skin disorders are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different products are exemptia, adalirel, and cipleumab, among others.
The several distribution channels in the global adalimumab biosimilar market are hospital pharmacies and retail pharmacies, among others.
The major players in the industry are Alfred E. Tiefenbacher (GmbH & Co. KG), Amgen Inc., Boehringer Ingelheim Pharmaceuticals, Inc., Glenmark Pharmaceuticals Limited, Cadila Pharmaceuticals Ltd., Torrent Pharmaceuticals Ltd., and Reliance Life Sciences Private Limited, among others.
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