The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Adalimumab, Infliximab and Etanercept Biosimilars Global Market Report 2024, the adalimumab, infliximab and etanercept biosimilars market is expected to show significant growth in the forecast period.

Market Expansion and Projections

• The market size for adalimumab, infliximab, and etanercept biosimilars has seen significant growth.
• Expected to reach $4.41 billion in 2024 with a CAGR of 20.3%.
• Anticipated growth to $6.79 billion by 2028 at a CAGR of 11.4%.
• Drivers include increased healthcare expenditure, an aging population, and improved healthcare access.

Impact of Patent Expirations

• Patent expirations of branded drugs like Humira, Enbrel, and Remicade pave the way for biosimilar entries.
• Examples include Inflectra, Benepali, and Hulio, following the expiry of Remicade, Enbrel, and Humira patents respectively.
• This drives demand in the adalimumab, infliximab, and etanercept biosimilars market.

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Key Players in the Market

• Major companies include Biogen, Novartis, Pfizer, Amgen, and many others.
• These players are pivotal in shaping the market landscape and driving innovation.

Innovation in Product Development

• Companies are focusing on innovative products such as citrate-free adalimumab to cater to customer needs.
• Fresenius Kabi’s biosimilar Idacio, approved by the FDA in December 2022, is a notable example of such innovation.
• Advanced analytical methods are utilized in developing biosimilars for chronic conditions.

Biocon’s Strategic Move

• In February 2022, Biocon Limited acquired Viatris Inc.’s biosimilar assets for $3.34 billion.
• This strategic move positions Biocon as a global biosimilar leader and expands its product reach.

Market Segmentation

• Segmented by product (Adalimumab Biosimilars, Infliximab Biosimilars, Cipleumab), distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and application (Crohn’s Disease, Psoriatic Arthritis, Rheumatoid Arthritis, Ulcerative Colitis, Ankylosing Spondylitis, Plaque Psoriasis, Other Applications).
• Provides insights into market dynamics and consumer preferences.

Regional Dominance

• North America emerged as the largest region in the adalimumab, infliximab, and etanercept biosimilars market in 2023.
• Indicates the region’s significant contribution to market growth and development.

Conclusion
The adalimumab, infliximab, and etanercept biosimilars market is poised for substantial growth in the coming years. With patent expirations opening doors for biosimilar entries and companies focusing on innovation, the market is witnessing dynamic shifts. Strategic acquisitions, innovative product development, and market segmentation are key strategies employed by industry players to capitalize on emerging opportunities. As healthcare expenditure continues to rise and healthcare access improves globally, the biosimilars market is set to thrive, offering affordable and effective treatment options for various chronic conditions.

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