Press release
Tumor Necrosis Factor (TNF) Inhibitor Drugs Market Top Emerging Players are Ablyn, Aryogen Farmad, CASI Pharmaceuticals Inc., CELGENE CORPORATION, Celltrion Inc., GlaxoSmithKline plc
Tumor Necrosis Factor (TNF) Inhibitor Drugs Market
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Market Analysis:
Global tumor necrosis factor (TNF) inhibitor drugs market is expected to rise to an estimated value of USD 182.27 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising cases of Crohn’s disease and increasing demand for effective treatment are the major factor for the growth of this market.
Market Definition:
TNF inhibitors are drugs which are usually used to stop inflammation. They are widely used to treat diseases like rheumatoid, ulcerative, Crohn’s disease, ulcerative colitis, plaque psoriasis etc. They are usually made from the antibodies of human or animal tissues. These drugs are usually inserted in the blood so that they can create a reaction in immune system and stop inflammation. Increasing cases of Crohn’s disease is the major factor fueling the market growth.
Market Drivers
Rising cases of autoimmune disorders among population will drive the market growth
Increasing research and development activities in tumor necrosis factor (TNF) inhibitor drugs will also propel the growth of this market
Proper reimbursement policies also acts as a major driver for this market
Rising awareness among population about the benefits of TNF inhibitors can accelerate the market growth
Rising ageing population is also acting as a market driver
Market Restraints
Availability of alternative in market acts as a restricting factor in the growth of this market
High production cost of TNF drug also hampers the market growth
Segmentation:
By Drug
Adalimumab
Certolizumab
Etanercept
Golimumab
Infliximab
Pipeline Analysis
Phase III Molecules
M923
HLX03
HLX03
IBI303
Phase I & Phase II Molecules
By Application
Rheumatoid Arthritis
Psoriasis
Inflammatory Bowel Disease
Ankylosing Spondylitis
Crohn’s Disease
Plaque Psoriasis
Ulcerative Colitis
Hidradenitis Suppurativa
Juvenile Arthritis
Uveitis
Others
By Product
Humira
Enbrel
Remicade
Simponi
Cimzia
By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
By Geography
North America
U.S.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa
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Key Developments in the Market:
In December 2018, Amgen and Entera Bio announced that they have collaborated so that they can create orally administered formulations of biologic drugs. As per the agreement, Entera will get access fee from Amgen and will do all the preclinical development Amgen’s expenses. This will help the companies to use their technology and strengthen them in the market
In April 2018, Promethera Biosciences announced that they have takeover Balipharm so that they can take control of TNF receptor 1 inhibitor so that they can increase their cell therapy NASH strategy. This acquisition will help them to combine HepaStem with an anti-TNF antibody and will act as an additional layer for their anti-inflammatory and anti-fibrotic approach
Competitive Analysis:
Global tumor necrosis factor (TNF) inhibitor drugs market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tumor necrosis factor (TNF) inhibitor drugs market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global tumor necrosis factor (TNF) inhibitor drugs market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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