Press release
Adalimumab Drugs Market Is Expected to Grow at a CAGR of 5.1% by 2025
Oct 19, 2021 (Market Insight Reports) --Global Adalimumab Drugs Market Size, Status, and Forecast 2021-2027. In-depth research accumulated to offer Latest insights about acute features of the global Adalimumab Drugs market. This report provides a detailed overview of key factors in the Adalimumab Drugs Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Adalimumab Drugs in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.The global adalimumab drugs market studied was anticipated to grow with a CAGR of nearly 5.1% during the forecast period.
Some of the key players profiled in the study are:
AbbVie Inc; Boehringer Ingelheim GmbH, Novartis AG; Pfizer Inc., F. Hoffmann-La Roche Ltd., Cadila Healthcare Ltd, Hetero Healthcare Limited and Amgen, Inc, and Others.
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Market Overview:
Increasing launches of novel biosimilar and rising penetration of generic drugs are estimated to provide a significant boost to the market. For instance, introduction of AMGEVITA by Amgen in 2018 is likely to fuel revenue growth in Europe. Similarly, ABP 501, a novel Adalimumab biosimilar by Amgen, is awaiting approval by 2020. Recently approved biologics such as Hyrimoz (adalimumab-adaz) by Novartis and ABRILADA (adalimumab-afzb) by Pfizer are poised to have strong market penetration due to presence of favorable reimbursement scenario.
Growing patient awareness regarding arthritis disorders and influx of new biopharmaceuticals in the global arena are projected to increase the adoption of adalimumab drugs. In 2019, approximately 54 million adults suffered from arthritis in U.S. alone. Increasing awareness regarding disease remittance therapies and rising healthcare expenditure in developed regions are estimated to promote revenue growth.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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North America Represents the Largest Market and Asia-Pacific is Expected to Register Fastest Growth.
North America is at the forefront of growth in the region and is also an important revenue contributor in the global arena. Heightened awareness of disease remittance therapies among patients, rising prevalence of RA, and high public and private healthcare spending are stimulating the growth of the region. As per the World Health Organization, an estimated 54.4 million of adults in the United States suffer from rheumatoid arthritis. Moreover, easy access to quality healthcare, favorable reimbursement policies, strong clinical pipeline, and approval of novel drugs are projected to promote revenue growth in North America.
Asia Pacific is likely to post the fastest market throughout the forecast horizon. Growing adoption of urban lifestyle is leading to expanding base of patients in the region. This, coupled with increasing healthcare spending, is expected to propel the market in the APAC region. Favorable regulatory policies for biosimilars are estimated to boost demand for adalimumab over the forecast period.
Influence of the Adalimumab Drugs Market report:
–Comprehensive assessment of all opportunities and risk in the Adalimumab Drugs Market.
–Adalimumab Drugs Market recent innovations and major events.
–Detailed study of business strategies for growth of the Adalimumab Drugs Market market-leading players.
–Conclusive study about the growth plot of Adalimumab Drugs Market for forthcoming years.
–In-depth understanding of Adalimumab Drugs Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Adalimumab Drugs Market.
Read Detailed Index of full Research Study at@
https://marketinsightsreports.com/reports/04061950463/adalimumab-drugs-market-growth-trends-and-forecast-2020-2025?Mode=A19
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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