TNF Alpha Inhibitors Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest TNF alpha inhibitors market share.
The global TNF alpha inhibitors market is expected to grow from $40.73 billion in 2022 to $42.2 billion in 2023 at a compound annual growth rate (CAGR) of 3.6%. The TNF alpha inhibitors market is expected to grow from $44.95 billion in 2027 at a CAGR of 1.6%.
Major Driver In The TNF Alpha Inhibitors Market – Growth In The Prevalence Of Inflammatory Diseases
TNF alpha inhibitors are commonly used in gastroenterology, dermatology, and rheumatology to treat a variety of immune-mediated inflammatory illnesses. Inflammatory bowel disease (IBD) has a global prevalence of roughly 0.5-24.5 cases of ulcerative colitis per 100,000 person-years and 0.1-16 instances of Crohn’s disease per 100,000 person-years, with an overall prevalence of 396 cases per 100,000 persons each year. As a result, the growing number of cases of inflammatory disorders raises demand for TNF alpha inhibitors, contributing to market growth.
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Key TNF Alpha Inhibitors Market Segments
1) By Drug: Remicade (Infliximab), Enbrel (Etanercept), Humira (Adalimumab), Cimzia (Certolizumab Pegol), Simponi (Golimumab)
2) By Route Of Administration: Oral, Subcutaneous, Intravenous, Other Route Of Administration
3) By Disease Type: Inflammatory Bowel Disease, Psoriatic Arthritis, Ulcerative Colitis (UC), Rheumatoid Arthritis, Ankylosing Spondylitis, Other Disease Types
Recent TNF Alpha Inhibitors Market Trend – Focusing On Research And Development
The emphasis on research and development activities enables market businesses to analyse and approve high-quality research proposals from all over the world, resulting in physiologically and therapeutically improved performance, a more comfortable patient experience, and faster recovery times. In February 2022, MyMD Pharmaceuticals, Inc., a clinical stage pharmaceutical company based in the United States dedicated to extending healthy lifespan, announced Phase 1 clinical trial data demonstrating MYMD-1’s reduction of tumour necrosis factor-alpha (TNF-a), the molecules responsible for ageing, in the blood of healthy human subjects. MYMD-1 has been proven in pre-clinical trials to be beneficial in immune system regulation by acting as a selective inhibitor of tumour necrosis factor-alpha (TNF-a), a driver of chronic inflammation.
TNF Alpha Inhibitors Market Prominent Players
Major players in the TNF alpha inhibitors market are AbbVie Inc., Amgen Inc., Johnson & Johnson Services Inc., UCB S.A., Novartis International AG, Pfizer Inc., Merck & Co. Inc., Janssen Biotech, Ablynx, and Momenta Pharmaceuticals.
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The TNF Alpha Inhibitors Global Market Report 2023 provides a comprehensive overview on the TNF alpha inhibitors market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the TNF alpha inhibitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
TNF alpha inhibitors are drugs that serve to diminish or eradicate inflammation in inflammatory disorders such as rheumatoid arthritis (RA), psoriatic arthritis, and juvenile idiopathic arthritis. TNF inhibitors have been linked to an increased incidence of skin cancer, particularly non-melanoma skin malignancies such as squamous cell carcinoma.
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