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Tumor Necrosis Factor Inhibitor Drugs Global Market Forecasted to Reach $46.9 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Tumor Necrosis Factor Inhibitor Drugs Market
As per the report, the tumor necrosis factor inhibitor drugs market size has grown marginally in recent years. It will grow from $42.01 billion in 2023 to $42.75 billion in 2024 at a compound annual growth rate (CAGR) of 1.8%. The tumor necrosis factor inhibitor drugs market size is expected to see steady growth in the next few years. It will grow to $46.9 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%.
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Rising Autoimmune Disease Prevalence Sparks Surge In Tumor Necrosis Factor Inhibitor Drugs Market
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.
Innovative Breakthroughs Propel Tumor Necrosis Factor Inhibitor Drugs Market
Product innovations are a key trend in gaining popularity in the tumor necrosis factor inhibitor drugs market. Major companies operating in the tumor necrosis factor inhibitor drugs market are focused on developing innovative products to strengthen their position in the market. For instance, in December 2021, Pfizer Inc, a US-based company operating in tumor necrosis factor inhibitor drugs, launched XELJANZ. XELJANZ is intended to treat ankylosing spondylitis in those who haven't responded well to one or more TNF blockers. It has a unique treatment option for 'ankylosing spondylitis'(SA) that does not require an injection or an infusion to treat this debilitating and chronic immuno-inflammatory disease. XELJANZ works by blocking the action of Janus kinase enzymes, which are involved in inflammation.
The tumor necrosis factor inhibitor drugs market covered in this report is segmented -
1) By Product Type: Humira, Enbrel, Remicade, Simponi/Simponi Aria, Cimzia, Biosimilars
2) By Route Of Administration: Subcutaneous Injection, Intravenous Injection
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
4) By Application: Rheumatoid Arthritis, Psoriasis, Psoriatic Arthritis, Crohn's Disease, Ulcerative Colitis, Ankylosing Spondylitis, Juvenile Idiopathic Arthritis, Hidradenitis Suppurativa, Other Applications
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Major companies operating in the tumor necrosis factor inhibitor drugs market report are AbbVie Inc., Amgen Inc., Johnson & Johnson Services Inc., UCB S.A., Novartis International AG, Pfizer Inc., Samsung Bioepis Co. Ltd., Sanofi SA, Merck & Co. Inc., Boehringer Ingelheim Pharmaceuticals, Lupin Ltd., Ablynx NV, Momenta Pharmaceuticals Inc., F. Hoffmann-La Roche AG, Cadila Healthcare Ltd., Apogenix AG, Aryogen Biopharma, Bionovis, Casi Pharmaceuticals, Celltrion Inc., Bristol-Myers Squibb, Delenex Therapeutics, Dexa Medica, Epirus Biopharmaceuticals, Glaxosmithkline plc, Hanall Biopharma, Intas Pharmaceuticals, Leo Pharma AS, LG Chem Ltd., Biogen Inc. .
Contents of the report:
1. Executive Summary
2. Tumor Necrosis Factor Inhibitor Drugs Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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