How Is The Humira Drug Market Expected To Grow At 7.8% CAGR Over 2025–2029?
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#How Is The Humira Drug Market Expected To Grow In Terms Of Size?#_x000D_
The market size of the Humira drug has been expanding robustly in the previous years. From $9.74 billion in 2024, it is expected to rise to $10.33 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.0%. This expansion throughout the historical duration is thanks to the introduction of biologics, advancements in biotechnology, the need of patients for efficient treatments, and the patterns of adoption and prescription by doctors._x000D_
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The size of the Humira drug market is predicted to increase significantly in the upcoming years, expanding to “$13.93 billion by 2029” with a compound annual growth rate (CAGR) of 7.8%. This projected growth during the forecast period can be credited to factors such as the entry of biosimilars into the market, alterations in healthcare policies, emphasis on cost-efficient strategies, investment in research and development, precision treatments, and personalized therapies. The forecast also suggests major trends including the generation of real-world evidence, the broadening usage in children, the move towards self-administered medication, adoption of value-based pricing modules, and development of targeted therapies._x000D_
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#Which Key Factors Are Fueling Growth In The Humira Drug Market?#_x000D_
The surge in the occurrence of autoimmune diseases is set to catalyze the expansion of the humira drug market in the future. Autoimmune disease is characterized by the body’s immune system targeting and eradicating healthy tissues and cells within the body. The Humira drug, utilized to alleviate pain and inflammation resulting from various autoimmune disorders, sees a corresponding climb in demand due to this surge in autoimmune diseases. The National Health Council, a non-profit organization based in the US, noted in March 2024 that about 50 million Americans are affected by autoimmune diseases. However, owing to the diagnostic difficulties associated with these conditions, this number is probably underestimated. Even more alarming is that autoimmunity is nearing epidemic levels, with certain reports suggesting an annual rise of 3-12%. Thus, the escalating occurrence rate of autoimmune diseases will fuel the HUMIRA drug market._x000D_
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#Which Segmentation Categories Are Highlighted In The Humira Drug Market Analysis?#_x000D_
The humira drug market covered in this report is segmented – _x000D_
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1) By Type: Humira Syringe, Humira Pen_x000D_
2) By Application: Ankylosing Spondylitis, Rheumatoid Arthritis, Crohn’s Disease, Other Applications_x000D_
3) By End-Users: Hospitals, Specialty Clinics, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Humira Syringe: Pre-Filled Syringe, Disposable Syringe _x000D_
2) By Humira Pen: Auto-Injector Pen, Pre-Filled Injection Pen _x000D_
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#Which Market Trends Are Expected To Define The Future Of The Humira Drug Market?#_x000D_
Innovations in products stand out as a prevalent trend in the humira drug market. The leading businesses in this market are pioneering new biologics and biosimilars to maintain their market presence. For example, Sandoz, a pharmaceutical company based in Switzerland, launched Biosimilar Hyrimoz (adalimumab), a citrate-free high-concentration formulation (HCF) in April 2023, which was sanctioned by the European Commission. The 100 mg/mL formulation of adalimumab citrate-free HCF slashes the injection volume by 50% and lessens the count of injections needed for patients choosing 80 mg/mL or higher dosage. This aids patients with a variety of conditions such as rheumatic diseases, Crohn’s disease, and more, thereby enriching their patient experience._x000D_
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#Which Players Are Shaping The Competitive Landscape Of The Humira Drug Market?#_x000D_
Major companies operating in the humira drug market include Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Fresenius Kabi AG, Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Sandoz International GmbH, Hikma Pharmaceuticals PLC, Celltrion Healthcare Co. Ltd., Cadila Pharmaceuticals Ltd., Torrent Pharmaceuticals Ltd., Mochida Pharmaceutical Co. Ltd., Innovent Biologics Inc., Biocad Biopharmaceutical Company, Shanghai Henlius Biotech Inc., Glenmark Pharmaceuticals Ltd., Samsung Bioepis Co Ltd., Hetero Healthcare Ltd., Coherus BioSciences Inc., CinnaGen Co., Alvotech Holdings S.A, Reliance Life Sciences Private Limited, Momenta Pharmaceuticals Inc., Bio-Thera Solutions Ltd., Fujifilm Kyowa Kirin Biologics Co. Ltd., BioXpress Therapeutics SA, Alteogen Inc., Prestige BioPharma Pte. Ltd. _x000D_
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#Which Regional Markets Are Emerging As Key Hubs For The Humira Drug Market?#_x000D_
North America was the largest region in the humira drug market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the humira drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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