Tag Archives: Adalimumab Market

LATAM Adalimumab Market is expected to grow at a CAGR of 0.40% from 2015 – 2023

The Latin America (LATAM) adalimumab market features the dominance of few companies operating amid a lackluster market, a limited set of growth opportunities, and the looming threat of biosimilars, observes Transparency Market Research in a report. The drug being a biologic, carries a high price tag, making it difficult for the largely cost-conscious consumers in the region to procure it. The presence of several biosimilars and the projected introduction of several new varieties in the next few years have intensified cost competition in the market.

LATAM Adalimumab Market Research Report Forecast to 2023

This report on LATAM Adalimumab market analyzes the current and future prospects of the adalimumab sales pertaining to Latin American countries. The stakeholders of this report include companies engaged in production and commercialization of adalimumab biosimilars across the globe. This report encompasses an elaborate executive summary, with a market snapshot that provides overall information of major market segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the LATAM Adalimumab market with respect to the leading market segments based on, application and major Latin American countries.

Adalimumab Market Growth, Trend, Price and Forecast to 2024

Global Adalimumab Market: Overview

Adalimumab, with a trade name of Humira and Exemptia, is an anti-TNF drug used for treating rheumatoid arthritis, psoriatic arthritis, Crohn’s disease, psoriasis and ulcerative colitis. Adalimumab usually binds with tumor necrosis factor-alpha (TNFα). When a TNFα binds to a TBFα receptors, it results in an inflammatory response to autoimmune disease. Adalimumab, by binding to a TNFα, lowers the chances of inflammatory response.

Looming Patent Expirations to Limit Adalimumab Sales in Latin America

The impending patent expiration has resulted in the sluggish growth rate of the adalimumab market in Latin America. The entry of biosimilars has further aggravated the market’s concerns. Transparency Market Research (TMR) pegs the valuation of the Latin America adalimumab market at US$994.8 mn in 2014. Expanding at a weak CAGR of 0.4% from 2015 to 2023, the market is forecast to reach US$1,186.4 mn by the end of 2023.

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