Asia-Pacific Adalimumab Market – Industry Trends and Forecast to 2030

Asia-Pacific Adalimumab Market Analysis and Size

Numerous research studies are taking place which is projected to create a cutting edge advantage for manufacturers to launch new and innovative adalimumab which will provide numerous other opportunities in the market. The market for biopharmaceuticals has grown majorly than the overall pharmaceutical market in recent years because of the enormous demand for these medications and is thought to have a major amount of potential for dynamic growth in future.

Data Bridge Market Research analyses a growth rate in the adalimumab market in the forecast period 2023-2030. The expected CAGR of adalimumab market is tend to be around 7.10 % in the mentioned forecast period. The market was valued at USD 920.18 million in 2022, and it would grow upto USD 1592.9 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Adalimumab Market Scope and Segmentation

Market Definition

Adalimumab is one of the monoclonal antibodies widely used to treat some autoimmune diseases involving rheumatoid arthritis and crohn's diseases among others. Adalimumab is an anti-TNF drug specifically indicated for treating several inflammatory symptoms. This drug works by binding to the TNF factor-alpha, decreasing the increasing chances of the inflammatory response to some autoimmune diseases.

Asia-Pacific Adalimumab Market Dynamics

Drivers

• Increased Geriatric Population

The increasing elderly population will boost the market’s growth rate during the forecast period of 2023-2030According to the World Ageing 2020 research, the population will be around 727 million people aged 65 years and up in 2020 globally. In the year 2050, the number of old people is anticipated to rise upto 1.5 billion. It has been closely witnessed that the elderly population is more vulnerable to chronic ailments, which is expected to boost the market’s growth rate.

• Rising Incidence of Autoimmune Disorders

The increase in prevalences of autoimmune disease such as plaque psoriasis, rheumatoid arthritis ulcerative colitis, psoriatic arthritis, ankylosing spondylitis, and Crohn's disease is expected to enhance the growth rate of the market. As per an article titled “The Prevalence and Statistics of Arthritis” published in 2022, the occurrence of rheumatoid arthritis is 2 to 3 times higher in women compared to men. In both men and women, the initiation of rheumatoid arthritis is more among people in their 60s. Additionally, the growing prevalence of chronic disorders will rise the demand of adalimumab market.   

Opportunities

• Increasing Drug Launches

Growing launches of novel biosimilar and increasing penetration of generic drugs are projected to boost the market. For instance, Dr. Reddy's Laboratories launched a generic drug in February 2022. Moreover, Biocon stated strong growth in its biosimilars business and the launch of the first interchangeable biosimilar glargine in the U.S. in January 2022. Furthermore, ABP 501, a novel Adalimumab biosimilar by Amgen, is still waiting for approval. Lately approved biologics such as Hyrimoz by Novartis and ABRILADA by Pfizer are set to have strong market penetration because of a favourable reimbursement scenario.

• Patient Awareness Towards Arthritis

Increasing patient awareness associated with arthritis disorders and the influx of new biopharmaceuticals in the global time are expected to surge the adoption of adalimumab drugs. For instance, as per the article titled “The Prevalence and Statistics of Arthritis” published in February 2022, the incidence of arthritis has increased, and it will continue to rise with the passing decade. This factor boosts the growth of the market.

Restraints/Challenges

• Side Effects of Adalimumab Drugs

The side-effects of this drug such as nausea, vomiting, internal bleeding, anaphylaxis, and respiratory tract infections may limit the market's growth.

• High Cost of Treatment

The increasing expenditure which is required for developing these techniques limit the market growth. Several market players make huge investment in manufacturing new and advanced machines to faster the process and in return the cost is increased. This factor limits the market growth.

This adalimumab market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the adalimumab market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2020, Innovent Biologics, Inc. received marketing approval for SULINNO in China. SULINNO is an adalimumab injection indicated for treating rheumatoid arthritis, ankylosing spondylitis and psoriasis. This has been projected that around 20 million people in China witness rheumatoid arthritis, psoriasis and ankylosing spondylitis. This product approval therefore helped the company to boost up its product portfolio and to increase revenue.

Asia-Pacific Adalimumab Market

The adalimumab market is segmented on the basis of drug class, indication, type, dosage strength, route of administration, population type, age group, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Drug Class

• Antirheumatics
• TNF Alfa Inhibitors
• Others

Indication

• Rheumatoid Arthritis
• Ankylosing Spondylitis
• Chronic Plaque Psoriasis
• Crohn's Disease
• Ulcerative Colitis
• Psoriatic Arthritis
• Juvenile Idiopathic Arthritis
• Hidradenitis Suppurativa
• Non-Infectious Intermediate
• Others

Type

• Biologics
• Biosimilars

Dosage Strength

• 40mg/0.4mlg
• 80mg/0.8mlg
• 20mg/0.2mlg
• 10mg/0.1mlg
• Others

Route of Administration

• Oral
• Parenteral
• Others

Population Type

• Injection
• Solution
• Tablet
• Others

Age Group

• Pediatric
• Adult
• Geriatric

End User

• Hospital/Clinical Laboratories
• Physician Offices
• Reference Laboratories
• Others

Distribution Channel

• Direct Tender
• Retail Sales
• Other

Asia-Pacific Adalimumab Market Regional Analysis/Insights

The adalimumab market is analyzed and market size insights and trends are provided by drug class, indication, type, dosage strength, age group, route of administration, population type, end user and distribution channel as referenced above.

The major countries covered in the adalimumab market report are the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

Japan is leading the growth of the Asia-Pacific adalimumab market because of the rise in incidence of precocious puberty and increasing population of girls among numerous other health problems.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Asia-Pacific Adalimumab Market Share Analysis

The adalimumab market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to adalimumab market.

Key players operating in the adalimumab market  include:

• Innovent Biologics, Inc. (China)
• Hetero Biopharma Ltd. (India)
• Reliance Life Sciences (India)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• Pfizer Inc. (U.S.)
• GSK plc (U.K.)
• Novartis AG (Switzerland)
• Zydus Group (India)
• Biogen (U.S.)
• Fresenius Kabi AG (Germany)
• Boehringer Ingelheim International GmbH. (Germany)
• Amgen Inc. (U.S.)
• AbbVie Inc. (U.S.)
• Abbott (U.S.)

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