Global Adalimumab Market is Growing with 4.8% CAGR in the Forecast Period of 2020 to 2027

Global Adalimumab Market is growing with factors such as rise in the prevalence of rheumatoid arthritis and exploration of emerging markets. Introduction to biosimilars also acts as a major factor for the growth of the market. Increasing geriatric population and increasing number of contract research organizations has also given a boom to the global adalimumab market.

Increasing healthcare expenditure has propelled the demand of the market. However, high cost of drugs and side effects of drug have decreased the demand of the market.

Global Adalimumab Market Scenario                                       

According to Data Bridge Market Research, the market for global adalimumab in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is AbbVie Inc., which accounts an estimated market share of approximately 96.30% in the global adalimumab market. The company has gained outstanding sale by providing advanced and effective adalimumab drugs.

  • In November 2018, AbbVie Inc. signed a patent license agreement for its product Humira, an adalimumab with the Pfizer Inc. As per the agreement the AbbVie Inc. has granted a non-exclusive license to Pfizer for Humira. This agreement thus helped the company expand its market of adalimumab across different regions of the world.

Adalimumab MarketTrends Impacting the Market

Now the question is which other regions AbbVie Inc., Amgen Europe GmbH (a subsidiary of Amgen Inc.), Biogen are targeting? Data Bridge Market Research has forecasted a large growth in North America adalimumab market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2020.

Global adalimumab market is becoming more competitive with companies such as AbbVie Inc., Amgen Europe GmbH (a subsidiary of Amgen Inc.), and Biogen. These are the top dominating companies in adalimumab market and are launching more new drugs in the market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global adalimumab market.

For more analysis on the global adalimumab market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-adalimumab-market

Adalimumab Market Developments

  • In January 2018, AbbVie Inc. updated the Humira product formulation with the removal of citrate buffer in order to ease the drug administration to pediatric patients with less pain. This product formulation enhanced the brand value in the market and allowed the company to boost up the company’s revenue.
  • In March 2017, Amgen received marketing authorization for AMGEVITA by European commission. As per the approval the product has been approved for treatment of pediatric inflammatory diseases, severe chronic plaque psoriasis, Crohn's disease, polyarticular juvenile idiopathic arthritis among others. This approval allowed the company to expand its biosimilar market across 28 European countries.

Scope of the Global Adalimumab Market

Global adalimumab market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Belgium, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific , Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt, Rest of Middle East and Africa.

  • All country based analysis of the global adalimumab market is further analysed based on maximum granularity into further segmentation. On the basis of indication, the adalimumab market the market is segmented into rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis, chronic plaque psoriasis, crohn's disease, ulcerative colitis, juvenile idiopathic arthritis, hidradenitis suppurativa, non-infectious intermediate and others. On the basis of type, the adalimumab market is segmented into biologics and biosimilars. On the basis of dosage strength, the adalimumab market is segmented into 40mg/0.4ml, 80mg/0.8ml, 20mg/0.2ml, 10mg/0.1ml and others. On the basis of drug type, the adalimumab market is segmented into branded and generics. On the basis of route of administration, the adalimumab market is segmented into parenteral and oral. On the basis of population type, the adalimumab market is segmented into adults and children. On the basis of end user, the adalimumab market the market is segmented into hospitals, specialty clinics, home healthcare and others. On the basis of distribution channel, the adalimumab market the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies, direct tenders and others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-adalimumab-market

Key Pointers Covered in Global Adalimumab Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market Value and Overview of Adalimumab Market
  • Company Profiling of Top Eight Players of Adalimumab Market

Key Market Competitors Covered in the Report

  • AbbVie Inc.
  • Amgen (Europe) GmbH (A Subsidiary of Amgen Inc.)
  • CELLTRION INC.
  • Samsung Bioepis (a subsidiary of Samsung Biologics)
  • Biogen
  • Coherus BioSciences
  • Innovent Biologics, Inc.
  • Mylan N.V.
  • Zydus Cadila
  • Hetero Biopharma Ltd.
  • Fresenius Kabi Deutschland GmbH (A Subsidiary of Fresenius Kabi AG)
  • Sandoz International GmbH (A Subsidiairy of Sandoz (A Division of Novartis AG))
  • Pfizer Inc.
  • Boehringer Ingelheim International GmbH

Above are the key players covered in the report, to know about more and exhaustive list of adalimumab companies’, contact us https://www.databridgemarketresearch.com/reports/global-adalimumab-market

Research Methodology: Global Adalimumab Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Healthcare Industry, Immunologists, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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