Owing to the surge in Global Arthritis Level and Psoriasis due to Autoimmune Deficiency, Adalimumab Market is expected to boost in the coming years

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The major drivers of the adalimumab market is owing to the surge in global arthritis level and psoriasis due to autoimmune deficiency, the consumption of adalimumab has considerably increased and is going to remain high during the forecast period. Moreover, the market is consolidated with the presence very few players offering bio similar products at very reasonable price, thus creating an intense competition among the players in the adalimumab market.

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Adalimumab Market face a challenge pertaining to its high cost, which could cost approximately 2000 – 3000 US$ per month. Moreover, while the countries in North America and Europe is already ahead of other nations such as Asia Pacific and Rest of the World has also led to the slowdown of the global adalimumab market due to lack of its adoption due to high cost associated with it.

The implications of adalimumab are majorly on the people suffering with arthritis, Crohn’s disease and ulcerative colitis as they are the direct customers in the market. Segmentation based on disease type includes the psoriatic arthritis, Crohn’s disease, rheumatoid arthritis, psoriasis and ulcerative colitis. Currently the rheumatoid arthritis sub-segment accounts for the largest market and is estimated to be growing at a high pace. Factors such as sedentary lifestyle and genetics have led to the growth arthritis and psoriasis in the global adalimumab market.

Moreover, adalimumab is generally used in autoimmune disease where the body immune system performs abnormally against substances and tissues present in the body. With the rapidly developing nations such as India, South Korea, Saudi Arabia, South Africa and Brazil among others, the demand for adalimumab is expected to escalate at a substantial pace due to the growing autoimmune disease in these regions. Owing to the growing prevalence of rheumatoid arthritis globally many people are facing joint pains. Thus in turn the demand for adalimumab is estimated to observe significant growth in future. A recent market trend suggested that the North America and Europe region due availability of well-structured regulatory framework, reimbursement coverage and better healthcare infrastructure is driving the market.

Countries such as the U.S., Canada, the U.K, and Germany among others have observed immense growth of adalimumab market in the past decades due to the rising relevance of arthritis cases arising in these regions due to sedentary lifestyle. North America is estimated to be the largest market for adalimumab market currently, followed by Europe. Asia Pacific is currently estimated to be most lucrative region in the global adalimumab market.

Currently the major player of the adalimumab market is Abbott Laboratories. However, after the split of Abbott laboratories into two companies in 2013, Humira is now the product of AbbVie. In India adilumumab’s bio similar was launched under the name of Exemptia by Cadila Healthcare Ltd. Some of the major players of the adalimumab market are Amgen, Pfizer, Mylan N.V., Novartis AG, AbbVie, and Boehringer Ingelheim GmbH among others.

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