The TNF Alpha Inhibitors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s TNF Alpha Inhibitors Global Market Report 2024, The tnf alpha inhibitors market size has grown marginally in recent years. It will grow from $43.09 billion in 2023 to $43.57 billion in 2024 at a compound annual growth rate (CAGR) of 1.1%. The growth in the historic period can be attributed to healthcare system integration, physician adoption and prescriptions, patient demand and awareness, advancements in biotechnology, expanded indications.
The tnf alpha inhibitors market size is expected to see steady growth in the next few years. It will grow to $47.54 billion in 2028 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to precision drug delivery, patient-centric focus, immunotherapy evolution, market expansion strategies, personalized medicine approach. Major trends in the forecast period include real-world evidence utilization, adoption of combination therapies, market entry strategies, expanded therapeutic applications, biosimilars competition..
The growing prevalence of inflammatory diseases such as inflammatory bowel disease and psoriasis is a key factor driving the growth of the TNF alpha inhibitor market. Tumor necrosis factor-alpha (TNF alpha) inhibitors are commonly used in gastroenterology, dermatology, and rheumatology for the treatment of various immune-mediated inflammatory diseases. Globally, the prevalence of inflammatory bowel disease (IBD) is about 0.5-24.5 cases of ulcerative colitis per 100,000 person-years and 0.1-16 cases of Crohn’s disease per 100,000 person-years, and overall, the IBD prevalence is 396 cases per 100,000 people each year. Thus, the increasing number of cases of inflammatory diseases increases the demand for TNF alpha inhibitors, contributing to the growth of the TNF alpha inhibitors market.
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The tnf alpha inhibitors market covered in this report is segmented –
1) By Drug: Remicade (Infliximab), Enbrel (Etanercept), Humira (Adalimumab), Cimzia (Certolizumab Pegol), Simponi (Golimumab)
2) By Route Of Administration: Oral, Subcutaneous, Intravenous, Other Route Of Administration
3) By Disease Type: Inflammatory Bowel Disease, Psoriatic Arthritis, Ulcerative Colitis (UC), Rheumatoid Arthritis, Ankylosing Spondylitis, Other Disease Types
The companies in the market are focusing on research and development for TNF alpha inhibitors market. The focus on research and development activities allows companies in the market to evaluate and accept high-quality research proposals from all over the world and provide biologically and clinically superior performance with a more comfortable patient experience and faster recovery times. For example, in February 2022, MyMD Pharmaceuticals, Inc., a US based clinical stage pharmaceutical company committed to extending healthy lifespan, announced Phase 1 clinical trial data demonstrating MYMD-1’s reduction of tumor necrosis factor-alpha (TNF-α), the molecules that are the root cause of aging, in the blood of healthy human subjects. MYMD-1 has shown effectiveness in pre-clinical studies in regulating the immune system by performing as a selective inhibitor of tumor necrosis factor-alpha (TNF-α), a driver of chronic inflammation.
The tnf alpha inhibitors market report table of contents includes:
1. Executive Summary
2.TNF Alpha Inhibitors Market Characteristics
3.TNF Alpha Inhibitors Market Trends And Strategies
4.TNF Alpha Inhibitors Market analysis
5.TNF Alpha Inhibitors Market Size And Growth
6.TNF Alpha Inhibitors Segmentation
7.TNF Alpha Inhibitors Regional And Country Analysis
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27.TNF Alpha Inhibitors Competitive Landscape And Company Profiles
28.TNF Alpha Inhibitors Key Mergers And Acquisitions
29.TNF Alpha Inhibitors Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- HanAll Biopharma Co.Ltd.
- Pfizer Inc.
- Johnson & Johnson
- Janssen Biotech lnc.
- Merck & co. Inc.
- AbbVie Inc.
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