Global Adalimumab, Infliximab And Etanercept Biosimilars Market Trends And Strategies Of Major Players In The Adalimumab, Infliximab And Etanercept Biosimilars Market 2020

The global adalimumab, infliximab, and etanercept market is expected to grow from $2.2 billion in 2019 to $2.27 billion in 2020 at a compound annual growth rate (CAGR) of 3.24%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $7.50 billion in 2023 at a CAGR of 48.94%.

The adalimumab, infliximab and etanercept biosimilars market consists of sales of adalimumab, infliximab and etanercept biosimilar drugs by the companies that manufacture these biosimilars. Adalimumab, infliximab and etanercept biosimilar molecules are bioequivalent to original reference molecules such as Humira, Remicade and Enbrel, respectively.

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The global adalimumab, infliximab and etanercept biosimilars market is further segmented based on type and geography.
By Product: Adalimumab biosimilars (Exemptia, Mabura, Hyrimoz, Hadlima, Abrilada, others), Infliximab biosimilars (Inflectra, Renflexis, Ixifi, Avsola), Cipleumab (Erelzi, Eticovo).
By Application: Crohn’s disease, Psoriatic arthritis, Rheumatoid arthritis, Ulcerative colitis, Ankylosing spondylitis, Plaque psoriasis, Others.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
By Geography: The global adalimumab, infliximab and etanercept biosimilars market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America adalimumab, infliximab and etanercept biosimilars market accounts for the largest share in the global adalimumab, infliximab and etanercept biosimilars market.

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Trends In The Adalimumab, Infliximab And Etanercept Biosimilars Market
The brand versions of biosimilar drugs are of high costs, which are now being replaced with biosimilar versions upon their patent’s expiry. The cost of branded biologic drugs almost doubled in recent years. For instance, the cost of Humira, the top-selling drug, increased to more than $38,000 in 2018 from $19,000 in 2012. The shift to low-cost biosimilar drugs is mainly because there are no clinically relevant differences in safety and efficacy between the biosimilars and originator biologics.
Adalimumab, Infliximab And Etanercept Biosimilars Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides adalimumab, infliximab and etanercept biosimilars market overviews, analyzes and forecasts market size and growth for the global adalimumab, infliximab and etanercept biosimilars market, adalimumab, infliximab and etanercept biosimilars market share, adalimumab, infliximab and etanercept biosimilars market players, adalimumab, infliximab and etanercept biosimilars market segments and geographies, adalimumab, infliximab and etanercept biosimilars market’s leading competitors’ revenues, profiles and market shares. The adalimumab, infliximab and etanercept biosimilars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.