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An In-Depth Analysis of the Tumor Necrosis Factor Inhibitor Drugs Market Key Players, Growth Opportunities, and Future Projections - AbbVie Inc., Amgen Inc., Johnson & Johnson Services Inc., UCB S.A
Tumor Necrosis Factor Inhibitor Drugs Market
Tumor Necrosis Factor Inhibitor Drugs Market Size, Growth Rate, And Forecast
The global tumor necrosis factor inhibitor drugs market size is expected to grow from $41.23 billion in 2022 to $41.84 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tumor necrosis factor inhibitor drugs market size is expected to reach $43.88 billion in 2027 at a CAGR of 1.2%.
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Tumor Necrosis Factor Inhibitor Drugs Market Drivers
The increasing prevalence of autoimmune illness is expected to propel the growth of the tumor necrosis factor inhibitor drugs market going forward. Autoimmune disorders are conditions in which the immune system of the body unintentionally targets and kills healthy human tissue. The tumor necrosis factor inhibitor drug is used in autoimmune disorders to stop inflammation if there is any pain or swelling or illness, these drugs block the action. It gives a booster to the immune system, makes it steady, and protects the body from inflammation. For instance, in June 2022, according to the Autoimmune Association, a US-based non-profit organization dedicated to autoimmune disease awareness, 4.7 million US men suffered from autoimmune disease 2022, representing 20% of all autoimmune disease patients. 31 million US people suffer 80-150 unique autoimmune diseases in 2022, it's expected to increase in the future. Therefore, the increasing prevalence of autoimmune disorders is driving the growth of the tumor necrosis factor inhibitor drugs market.
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Tumor Necrosis Factor Inhibitor Drugs Market Segments
• By Product Type: Humira, Enbrel, Remicade, Simponi/Simponi Aria, Cimzia, Biosimilars
• By Route Of Administration: Subcutaneous Injection, Intravenous Injection
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Application: Rheumatoid Arthritis, Psoriasis, Psoriatic Arthritis, Crohn's Disease, Ulcerative Colitis, Ankylosing Spondylitis, Juvenile Idiopathic Arthritis, Hidradenitis Suppurativa, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the tumor necrosis factor inhibitor drugs market.
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Tumor Necrosis Factor Inhibitor Drugs Market Key Players
Major competitors in the tumor necrosis factor inhibitor drugs market are AbbVie Inc., Amgen Inc., Johnson & Johnson Services Inc., UCB S.A., Novartis International AG, Pfizer Inc., Merck & Co.Inc., GlaxoSmithKline plc.
The Business Research Company's "Global Tumor Necrosis Factor Inhibitor Drugs Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tumor Necrosis Factor Inhibitor Drugs Market Include:
1. Executive Summary
2. Tumor Necrosis Factor Inhibitor Drugs Market Characteristics
3. Tumor Necrosis Factor Inhibitor Drugs Market Trends And Strategies
4. Tumor Necrosis Factor Inhibitor Drugs Market - Macro Economic Scenario
5. Tumor Necrosis Factor Inhibitor Drugs Market Size And Growth
………………
27. Tumor Necrosis Factor Inhibitor Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tumor Necrosis Factor Inhibitor Drugs Market
29. Tumor Necrosis Factor Inhibitor Drugs Market Future Outlook and Potential Analysis
30. Appendix
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