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Adalimumab Biosimilar Market Scope, Future Growth, Comprehensive Analysis 2026 | Leading Players: Zydus Cadila, Alfred E. Tiefenbacher, Torrent Pharmaceuticals Ltd, Cipla, Glenmark Pharmaceuticals Ltd, Emcure Pharmaceuticals Ltd, Boehringer Ingelheim Inte
Adalimumab Biosimilar Market 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.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.
To know How COVID-19 Pandemic Will Impact This Market/Industry -Request a sample copy of the report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/adalimumab-biosimilar-market-100594
Top Key Players: Zydus Cadila, Alfred E. Tiefenbacher, Torrent Pharmaceuticals Ltd, Cipla, Glenmark Pharmaceuticals Ltd, Emcure Pharmaceuticals Ltd, Boehringer Ingelheim International GmbH, Reliance Life Sciences.
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.
Market Segment by Regional Analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The global Adalimumab Biosimilar market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2024. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Table of Contents
1 Market Overview
1.1 Adalimumab Biosimilar Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.4 South America, Middle East and Africa
1.5 Market Dynamics
Click here to get the short-term and long-term impact of COVID-19 on this Adalimumab Biosimilar Market: https://www.fortunebusinessinsights.com/industry-reports/adalimumab-biosimilar-market-100594
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