openPR Logo
Press release

LATAM Adalimumab Market is Predicted to Reach a Valuation of US$1,186.4 mn by 2023

09-10-2018 09:02 AM CET | Health & Medicine

Press release from: Transparency Market Research

LATAM Adalimumab Market is Predicted to Reach a Valuation

The impending patent expiration has resulted in the sluggish growth rate of the adalimumab market in Latin America. The entry of biosimilars has further aggravated the market’s concerns. Transparency Market Research (TMR) pegs the valuation of the Latin America adalimumab market at US$994.8 mn in 2014. Expanding at a weak CAGR of 0.4% from 2015 to 2023, the market is forecast to reach US$1,186.4 mn by the end of 2023.

Despite its sluggish growth rate, the adalimumab market in Latin America will gain from the favorable government regulations in the region. Latin America also possesses an impressive pool of experienced research professionals, as leading companies operating in the market have been engaged in extensive researches on biologics. This translated into higher investment in the development of biologic drugs by both international and local players. Since Brazil is preferred by a majority of global players in the pharma industry for expanding their operations in Latin America, the country will continue exhibiting favorable prospects for the growth of the adalimumab market.

Obtain Report Details @ https://www.transparencymarketresearch.com/latam-adalimumab-market.html

However, the high cost of clinical trials and research and development is the key challenge witnessed by companies operating in the market. Irrespective of the high R&D expenditures, manufacturers are required to maintain a low price of their products, which further limits opportunities for growth of the adalimumab market in Latin America. Absence of reimbursement for biologic drug therapy also adversely impacts the market.

Nevertheless, with multinational companies proactively investing to capitalize on the untapped opportunities in Latin America and Asia Pacific, some opportunities for the market’s growth in the near future still exist.

Brazil Emerges as Most Lucrative Market for Adalimumab in Latin America

Brazil, Mexico, and Argentina make the most lucrative countries for sale of adalimumab in Latin America. Among these countries, Brazil has emerged as the leading market because it has in place established regulatory policies for biologic drugs. Moreover, an increasing preference for biologic drugs has been noticed among the patients of this country as well, which puts Brazil at the fore of the adalimumab market in Latin America. As per TMR, the Brazil adalimumab market is poised to surge at a CAGR of 1.2% between 2015 and 2023. The market stood at US$276.7 mn in 2014 and is expected to reach US$352.8 mn in 2023.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8716

However, other countries such as Columbia, Peru, Venezuela, and Chile represent the middle or low income group among LATAM nations. Absence of established biosimilar regulatory policies in these countries, inadequate government support, and lack of native production facilities limits adoption of biologic drugs across these nations. Despite all odds, the LATAM adalimumab market is forecast to grow at a slow yet steady pace. The entry of adalimumab post patent expirations of blockbuster drugs would renew opportunities for leading enterprises in the market.

Increasing Incidence of Rheumatoid Arthritis to Boost Adalimumab Sales in Latin America

The most common applications of adalimumab include psoriasis, rheumatoid arthritis, ulcerative colitis, Crohn’s disease, and others. Of these, the application of adalimumab in rheumatoid arthritis contributed US$328.7 mn to the LATAM adalimumab market in 2015. The use of adalimumab has increased in response to the high incidence of rheumatoid arthritis. The medicine is used to reduce the signs of moderate to severe rheumatoid in adults. The rheumatoid arthritis segment is expected to continue holding the leading share in the market through the report’s forecast period. The rising incidence of psoriasis, combined with the increasing healthcare expenditure in Latin America, will also boost sales of adalimumab in the region.

Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8716

Some of the leading enterprises operating in the LATAM adalimumab market include Pfizer, Inc., AbbVie, Inc. Amgen, Inc., and Novartis among others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LATAM Adalimumab Market is Predicted to Reach a Valuation of US$1,186.4 mn by 2023 here

News-ID: 1228937 • Views: 141

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Latin

First TV Series in Latin
The turbulent adventures of the Roman restaurant owner Barrelius and his Germanic family in the ancient Roman Empire are the focus of the planned new television series MY MANIAC MANSIO. Supporters of the recently launched project crowdfunding for the presentation of a MY MANIAC MANSIO trailer on major TV stations and international streaming services can not only secure "ancient" rewards, but also participate in the production as technical staff or even
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
Defoamers Market - Latin America Industry Analysis 2023
The defoamers market in Latin America is fragmented, with the presence of several global and domestic players. Some of the prominent names in the Latin America defoamers market are Dow Corning Corporation, Ashland, Inc., Evonik Industries AG, Air Products and Chemicals, Inc., and Bluestar Silicones. Valued at US$196.2 mn in 2014, the defoamers market in Latin America is estimated to reach US$273.1 mn by 2023, rising at a CAGR of
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Latin Trails’ Family Friendly Fleet
With pioneer boats in first class and luxury categories, Latin Trails is one of the most family friendly companies to cruise the Galapagos Islands. The company’s three top quality cruises have a capacity for 16 passengers and are ideal for adventurous families traveling alone or in groups of two or three. Besides each boat’s various amenities and world class services, Latin Trails announces that children under 12 will
Latest fashion for the Latin American Market
NG services needed for growth Paderborn (Germany), 01 December 2009 – The Latin American mobile industry is highly competitive - lower investment and less sunk costs make it easy for new market entrants. This means flexible pricing and lower costs are needed for operators in order to remain competitive. Thus there is a special need for established players in particular to offer valuable NG services. This is the only way