Adalimumab Market : Shares, Strategies and Forecasts, Analysis and Overview upto 2024
Global Adalimumab Market: Overview
Adalimumab, with a trade name of Humira and Exemptia, is an anti-TNF drug used for treating rheumatoid arthritis, psoriatic arthritis, Crohn’s disease, psoriasis and ulcerative colitis. Adalimumab usually binds with tumor necrosis factor-alpha (TNF?). When a TNF? binds to a TBF? receptors, it results in an inflammatory response to autoimmune disease. Adalimumab, by binding to a TNF?, lowers the chances of inflammatory response.
Adalimumab, which was first approved in the U.S., is currently being marketed in over 60 countries. Its global market is consolidated with a handful of players trying to outsmart one another on the basis of price. At present, most of the leading players are focused on the development of adalimumab biosimilars for curing rheumatoid arthritis and psoriasis. This is palpable from the clinical trials being carried out to test the safety and efficacy of the adalimumab biosimilars in curing the medical conditions.
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A report by Transparency Market Research studies the global adalimumab market in details. It presents a qualitative analysis of the different market trends and gauges its size and potential. It also throws light on the different production plants, their capacities, global production, and revenues. To do so, extensive primary and secondary researches have been carried out.
Global Adalimumab Market: Drivers and Restraints
At the forefront of driving the global adalimumab market is the rising occurrence of arthritis worldwide. This in turn is mostly on account of the burgeoning elderly population. In fact, most women suffer from arthritis in old age because of loss of calcium in the body. A sedentary lifestyle is also responsible for growth in arthritis and another medical condition called psoriasis. Both of them along with other factors such as rising prevalence of Crohn’s disease and ulcerative colitis are leading to the uptake of the product.
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Adalimumab, however, is an expensive drug on account of its biologic nature. It costs somewhere between US$2000 and US$3000 per month. This is one factor that is serving to counter the growth in its market.
The global adalimumab market can be segmented on the basis of the type of disease into rheumatoid arthritis, psoriatic arthritis, psoriasis, Crohn’s disease, and ulcerative colitis. At present, the rheumatoid arthritis segment grosses maximum revenue and going forward too will outshine all other segments in terms of growth.
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