Adalimumab Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 37.1 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
Adalimumab, marketed as Humira, has been a cornerstone in the treatment of various inflammatory conditions since its approval in 2002. Its journey from 2018 to 2022 and the projected demand from 2023 to 2033 reveal significant shifts in the pharmaceutical landscape.
etween 2018 and 2022, the global adalimumab market experienced substantial growth, driven by its widespread use in treating rheumatoid arthritis, psoriasis, and other autoimmune diseases.n 2022, the market was valued at approximately USD 16.88 billion in North America alone, with expectations to reach USD 25.71 billion by 2030, reflecting a compound annual growth rate (CAGR) of around 5.4%.citeturn0search1/p>
he introduction of biosimilars during this period intensified market competition, leading to a decline in the cost of adalimumab-based therapies.his trend not only made treatments more accessible but also spurred market expansion.y 2023, the global adalimumab market size was estimated at USD 21.51 billion, with projections indicating a CAGR of 5.9% from 2023 to 2030.citeturn0search4/p>
Looking ahead, the demand for adalimumab is expected to continue its upward trajectory. he global adalimumab biosimilars market, valued at USD 738.3 million in 2023, is projected to reach USD 6.04 billion by 2033, marking a CAGR of 23.4% over the decade.citeturn0search15/p>
Several factors contribute to this optimistic outlook:
Increasing Prevalence of Autoimmune Diseases: he rising incidence of conditions like rheumatoid arthritis and psoriasis is expected to drive demand for adalimumab therapies./li>
Advancements in Biosimilar Development: ngoing research and development are anticipated to yield more cost-effective biosimilars, enhancing treatment accessibility./li>
Expanding Market Access: fforts to improve healthcare infrastructure in emerging markets are likely to broaden the patient base for adalimumab treatments./li>
In summary, the adalimumab market has evolved from a period of robust growth between 2018 and 2022 to a phase of intensified competition and increased accessibility. The forecasted period from 2023 to 2033 suggests continued expansion, driven by a combination of rising disease prevalence, biosimilar innovation, and broader market access./p>
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AbbVie
Amgen
Sandoz
Boehringer Ingelheim
Mylan
Biogen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Adalimumab Market
Adults
Children
Based on Types the Market is categorized into Below types that held the largest Adalimumab market share In 2023.
Adalimumab
Adalimumab Biosimilar
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Adalimumab Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Adalimumab Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Adalimumab Market, By Type
6. Global Adalimumab Market, By Application
7. Global Adalimumab Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Adalimumab Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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