The Humira Drug Global Market Report 2023, provides comprehensive information on the humira drug market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global humira drug market size is expected to grow from $8.55 billion in 2022 to $9.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of humira drug market is expected to reach $12.02 billion in 2027 at a CAGR of 6.9%.
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Product innovations are a key trend in the humira drug market. Major companies in the humira drug market are developing new biologics and biosimilars to sustain their position in the market. For instance, in April 2023, Sandoz, a Switzerland-based pharmaceutical company introduced Biosimilar Hyrimoz (adalimumab), a citrate-free high-concentration formulation (HCF) approved by the European Commission. The adalimumab citrate-free HCF (100 mg/mL) formulation provides a 50 % reduction in injection volume and decreases the number of injections required for patients opting for 80 mg/mL or higher dosing. This is applicable to various diseases such as rheumatic diseases, Crohn’s disease, and others with enhanced familiar experience.
The humira drug market is segmented:
1) By Type: Humira Syringe, Humira Pen
2) By Application: Ankylosing Spondylitis, Rheumatoid Arthritis, Crohn’s Disease, Other Applications
3) By End-Users: Hospitals, Specialty Clinics, Other End-Users
North America was the largest region in the humira drug market in 2022.
The table of contents in TBRC’s humira drug market report includes:
- Executive Summary
- Humira Drug Market Characteristics
- Humira Drug Market Trends And Strategies
- Humira Drug Market – Macro Economic Scenario
- Humira Drug Market Segmentation
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- Global Humira Drug Market Competitive Benchmarking
- Global Humira Drug Market Competitive Dashboard
- Key Mergers And Acquisitions In The Humira Drug Market
- Humira Drug Market Future Outlook and Potential Analysis
- Appendix
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