Global Adalimumab Market: Overview

Adalimumab, with a trade name of Humira and Exemptia, is an anti-TNF drug used for treating rheumatoid arthritis, psoriatic arthritis, Crohn’s disease, psoriasis and ulcerative colitis. Adalimumab usually binds with tumor necrosis factor-alpha (TNFα). When a TNFα binds to a TBFα receptors, it results in an inflammatory response to autoimmune disease. Adalimumab, by binding to a TNFα, lowers the chances of inflammatory response.

Adalimumab, which was first approved in the U.S., is currently being marketed in over 60 countries. Its global market is consolidated with a handful of players trying to outsmart one another on the basis of price. At present, most of the leading players are focused on the development of adalimumab biosimilars for curing rheumatoid arthritis and psoriasis. This is palpable from the clinical trials being carried out to test the safety and efficacy of the adalimumab biosimilars in curing the medical conditions. 

A report by Transparency Market Research studies the global adalimumab market in details. It presents a qualitative analysis of the different market trends and gauges its size and potential. It also throws light on the different production plants, their capacities, global production, and revenues. To do so, extensive primary and secondary researches have been carried out.

 Global Adalimumab Market: Drivers and Restraints

At the forefront of driving the global adalimumab market is the rising occurrence of arthritis worldwide. This in turn is mostly on account of the burgeoning elderly population. In fact, most women suffer from arthritis in old age because of loss of calcium in the body. A sedentary lifestyle is also responsible for growth in arthritis and another medical condition called psoriasis. Both of them along with other factors such as rising prevalence of Crohn’s disease and ulcerative colitis are leading to the uptake of the product.

Adalimumab, however, is an expensive drug on account of its biologic nature. It costs somewhere between US$2000 and US$3000 per month. This is one factor that is serving to counter the growth in its market.

The global adalimumab market can be segmented on the basis of the type of disease into rheumatoid arthritis, psoriatic arthritis, psoriasis, Crohn’s disease, and ulcerative colitis. At present, the rheumatoid arthritis segment grosses maximum revenue and going forward too will outshine all other segments in terms of growth.

Global Adalimumab Market: Geographical Segmentation

Geographically, the key segments of the global adalimumab market are North America, Western Europe, Latin America, Asia Pacific, Eastern Europe, and the Middle East and Africa. Among them, North America and Europe are key markets. This is because of a well-structured regulatory framework, proper reimbursement coverage, and superior healthcare infrastructure, particularly in the countries of Canada, the U.S., the U.K., and Germany. The sizeable proportion of arthritis cases owing to a sedentary lifestyle has also led to the growth in the market in the two continents. Asia Pacific, on the other hand, holds out a strong promise of growth in the near future on account of a cluster of fast-expanding developing nations in the region.

Global Adalimumab Market: Competitive Landscape

To assess the competition prevailing in the global market for adalimumab, the report profiles major players such as Pfizer, Amgen, Novartis AG, Boehringer Ingelheim GmbH, Mylan N.V., and AbbVie. At present, the most prominent player in the market is Abbott Laboratories. However, after the split of Abbott laboratories into two companies in 2013, Humira is now the product of AbbVie.

Major regions analyzed under this research report are:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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