What Driving Adalimumab Biosimilar Market? Top Key Players: Zydus Cadila, Alfred E. Tiefenbacher, Torrent Pharmaceuticals, Cipla, Glenmark Pharmaceuticals, Emcure Pharmaceuticals, Boehringer Ingelheim International GmbH, Reliance Life Sciences

Adalimumab Biosimilar Market To Expand Rapidly at Notable CAGR as the Rapid Technological Upgrades, High Demand for Devices from Developed Nations contributing to the Market growth of Adalimumab Biosimilar over the forecast period 2020 to 2026. Report segments Adalimumab Biosimilar Market by Type, Application, End-User and Region With Global Industry Forecast To 2026.

The Report gives the clear picture of current scenario which includes historical and projected Adalimumab Biosimilar Market size, Share, industry growth, trends in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.

Get Sample Copy of Adalimumab Biosimilar Market 2020 Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/adalimumab-biosimilar-market-100594

The global adalimumab biosimilar market is poised to experience a steady growth period owing to the rising incidence of arthritis. According to the World Health Organization (WHO), rheumatoid arthritis affects 0.3 to 1% of people in the developed countries and about 50% of them are forced to quit their jobs after the onset of the disease. On the other hand, osteoarthritis hits 9.6% of men and 18% of women over the age of 60 globally.  The Arthritis Foundation predicts that 78 million Americans will be suffering from arthritis by 2040, with 54 million already affected by it. The global adalimumab biosimilar market stands to gain from this growing prevalence as adalimumab is an effective treatment option for various kinds of arthritis.

A monoclonal antibody, adalimumab is designed to treat autoimmune diseases such as rheumatoid arthritis, Crohn's Disease, ulcerative colitis, and many more. It achieves this by inhibiting the soluble inflammatory cykotine, Tumor Necrosis Factor (TNF). The product originated from AbbVie's Humira, which got cleared by the US FDA in 2002 and the European Medicines Agency in 2003.

In its report, titled "Adalimumab Biosimilar Market Size, Share And Global Trend By Product (Exemptia, Adalirel, Cipleumab, Others), By Distribution channel (Hospitals pharmacies, Retail pharmacies, Others), And Geography Forecast Till 2026", Fortune Business Insights provides an in-depth analysis of this burgeoning market. Additionally, the report contains a comprehensive assessment of the factors, trends, and dynamics that will shape the market during forecast period.

Proliferation of Skin Disorders to Fuel the Market

According to the WHO, skin afflictions are the most commonly affecting disorders harming human health. The WHO estimates that around 900 million people in the world suffer from skin diseases at any given point of time. Many of these skin disorders lead to lifelong disfigurement, stigma, and disability and treating them effectively has become major concern for health organizations the world over. In this backdrop, adalimumab biosimilar has emerged as a viable treatment option for chronic skin diseases such as eczema. This factor can considerably swell the global adalimumab biosimilar market size in the forecast period. A biosimilar is a biological product having characteristics similar to those of its biologic reference product and targets specific areas in the immune system to treat the disease. Owing to its multiple advantages, especially in treating psoriasis, adalimumab biosimilar is emerging as a preferred option to tackle skin disorders. 

Rising Prevalence of Autoimmune Diseases to Drive the Market in North America

The American Autoimmune Related Diseases Association estimates that around 50 million Americans suffer from some kind of autoimmune disease. Moreover, the healthcare costs of treating these diseases is close to USD 100 billion annually. This, along with an increasing aged population, is expected to give North America the largest percentage of the global adalimumab biosimilar market share during the forecast period. Rising geriatric population and increasing public and private investment in pharmaceuticals are factors that will propel the market in Europe. The market in Asia-Pacific is expected to be driven by the growing investments in medicine research.

Regulatory Approvals to Spur Competition; Boehringer's Cyltezo Gets FDA Approval

Cyltezo, a biosimilar of adalimumab developed by Boehringer Ingelheim International, got the green light from the US FDA in August 2017. Such regulatory clearances to novel products are expected to encourage other players to make greater investments in research and development and come out with innovative products. Some players in the global adalimumab biosimilar market are already engaged in developing new products and expanding their product portfolios. For instance, Glenmark Pharmaceuticals launched ADALY, its adalimumab biosimilar drug, in Mumbai in January 2018 through a licensing agreement with Cadila Healthcare.

Fortune Business Insights covers some of the important competitors in the global adalimumab biosimilar market:

Zydus Cadila

Alfred E. Tiefenbacher

Torrent Pharmaceuticals Ltd

Cipla Inc.

Glenmark Pharmaceuticals Ltd

Emcure Pharmaceuticals Ltd

Boehringer Ingelheim International GmbH

Reliance Life Sciences

Browse Complete Adalimumab Biosimilar Market Report Information: https://www.fortunebusinessinsights.com/industry-reports/adalimumab-biosimilar-market-100594

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