"Designing Growth Strategies is in our DNA"
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. Adalimumab is a medication used to treat rheumatoid arthritis, psoriatic arthritis, and many other diseases. In September 2017, AbbVie Inc. lost patent of Humira, which led other manufacturers to introduce biosimilars of adalimumab in the market. Exemptia is the world’s first biosimilar of adalimumab, launched by Cadila Healthcare in December 2014.
The global adalimumab biosimilars market is expected to grow at a rapid pace during the forecast period, owing to the increasing incidence of arthritis among the global population and increase in the number of skin disorders leading to rise in demand for adalimumab. Additionally, the introduction of new biosimilars will lead to the decline in prices of the drugs in the global market, subsequently leading to high demand in the market. This is projected to fuel the growth of the global adalimumab biosimilars market during the forecast period.
To gain extensive insights into the market, Request for Customization
The factor that is expected to inhibit the growth of the market is the high sensitivity towards temperature, lack of efficacy and safety, high manufacturing cost compared to generic drugs.
Some of the major companies that are present in the global adalimumab biosimilar market are Alfred E. Tiefenbacher, Amgen Inc., Boehringer Ingelheim International GmbH, Glenmark Pharmaceuticals Ltd, Zydus Cadila, Torrent Pharmaceuticals Ltd., Reliance Life Sciences., Emcure Pharmaceuticals Ltd, Cipla Inc., Hetero. and others.
By Distribution channel
· Hospitals pharmacies
· Retail pharmacies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
At present, the Exemptia is anticipated to account for the largest market share being the first biosimilar of adalimumab to be approved.
Introduction of new products/approvals (by major players)
Key strategies by market players
Prevalence of arthritis and skin diseases (key regions/ countries).
The global adalimumab biosimilar market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is anticipated to account for the largest share of the global adalimumab biosimilars market in 2018, owing to the increasing prevalence of rheumatoid arthritis combined with the rise in the geriatric population. Europe is expected to grow at a faster rate owing to a rise in the approvals of the new biosimilars, rise in aging population, high investment in the research and manufacturing of the new adalimumab biosimilars. As of 2018, five new adalimumab biosimilars have been approved in Europe, including AMGEVITA. These new biosimilars are expected to drive the growth of the global adalimumab biosimilars market in the forecast period. The increased focus to develop generic and biosimilar products in the emerging nations of Asia Pacific is estimated to fuel in the global adalimumab biosimilars market in these regions.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry