What is Adalimumab Biosimilar?
A biosimilar is a type of biologic equivalent to that of pre-approved biologics. Adalimumab was the first fully human monoclonal antibody approved by the U.S. Food and Drug Administration in December 2002. A biosimilar is a biotherapeutic that is clinically highly similar to an approved original biologic in terms of active ingredients and has no meaningful differences in efficacy and safety. Biosimilars are also called as follow-on biologics or subsequent entry biologics. Adalimumab is a medication used to treat psoriatic arthritis, rheumatoid arthritis, and many other diseases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AET BioTech (Germany), Amgen (United States), Boehringer Ingelheim (Germany), Coherus Biosciences (United States), Fujifilm Kyowa Kirin Biologics (Japan), LG Life Sciences (South Korea), Momenta Pharmaceuticals (United States), Oncobiologics (New Jersey), Pfizer (United States) and Samsung Bioepsis (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Exemptia, Adalirel, Cipleumab and Others) , by application (Psoriatic Arthritis, Rheumatoid Arthritis and Other) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Adalimumab Biosimilar market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Adalimumab Biosimilar market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are AET BioTech (Germany), Amgen (United States), Boehringer Ingelheim (Germany), Coherus Biosciences (United States), Fujifilm Kyowa Kirin Biologics (Japan), LG Life Sciences (South Korea), Momenta Pharmaceuticals (United States), Oncobiologics (New Jersey), Pfizer (United States) and Samsung Bioepsis (United States).
Market Overview:
In July 2023, Biocon Biologics, a subsidiary of Biocon, has launched a biosimilar version of AbbVie's top-selling biologic Humira (generically called adalimumab) in the US market under brand name HULIO.
The Abacavir market is characterized by the presence of established global players. The market is competitive and the vendors are increasingly competing against each other based on factors such as aggressive pricing, product differentiation, capital support for a product, and distribution partnerships, and research advancements.
Influencing Trend:
Rise in the Approvals of the New Biosimilars and High Investment in the Research and Manufacturing of the New Adalimumab Biosimilars
Market Growth Drivers:
Rise in the Geriatric Population and Increasing Prevalence of Rheumatoid Arthritis
Challenges:
Growing Concern Regarding development Complexities
Restraints:
High Cost Associated with Adalimumab Biosimilar
Opportunities:
Growing Government Healthcare Expenditure in Developing Courtiers
Key highlights of the Global Adalimumab Biosimilar market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Adalimumab Biosimilar market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Adalimumab Biosimilar market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Adalimumab Biosimilar Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Adalimumab Biosimilar market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Adalimumab Biosimilar market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Government Regulatory Bodies, Private Research Organizations, Government Research Organizations, Industry Associations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.