Global tumor necrosis factor (TNF) inhibitor drugs market 2019 to 2026

Global tumor necrosis factor (TNF) inhibitor drugs market is expected to rise to an estimated value of USD 182.27 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising cases of Crohn’s disease and increasing demand for effective treatment are the major factor for the growth of this market.

Tumor necrosis factor (TNF) inhibitor drugs market research report makes available the market insights about the business scenario with which better business strategies can be built to thrive in the medical device industry. According to this market report, global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of the medical device industry. The data of this tumor necrosis factor (TNF) inhibitor drugs report is represented with the tables, charts and graphs for better understanding.

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Key Market Competitors:

Few of the major competitors currently working in the global tumor necrosis factor (TNF) inhibitor drugs market are AbbVie Inc., Ablyn, Aryogen Farmad, CASI Pharmaceuticals Inc., CELGENE CORPORATION, Celltrion Inc., GlaxoSmithKline plc, HanAll Biopharma, Janssen Global Services, LLC, Leo Pharma, LG Chem, AstraZeneca, Momenta Pharmaceuticals, Novartis AG, PROBIOMED S.A. de C.V., Samsung Bioepis, Sandoz International GmbH, Sanofi, Shanghai Pharmaceutical Group Co., Ltd., FUJIFILM Toyama Chemical Co., Ltd. among others.

Key Developments in the Market:

In December 2018, Amgen and Entera Bio announced that they have collaborated so that they can create orally administered formulations of biologic drugs. As per the agreement, Entera will get access fee from Amgen and will do all the preclinical development Amgen’s expenses. This will help the companies to use their technology and strengthen them in the market

In April 2018, Promethera Biosciences announced that they have takeover Balipharm so that they can take control of TNF receptor 1 inhibitor so that they can increase their cell therapy NASH strategy. This acquisition will help them to combine HepaStem with an anti-TNF antibody and will act as an additional layer for their anti-inflammatory and anti-fibrotic approach

Market Drivers

Rising cases of autoimmune disorders among population will drive the market growth

Increasing research and development activities in tumor necrosis factor (TNF) inhibitor drugs will also propel the growth of this market

Proper reimbursement policies also acts as a major driver for this market

Rising awareness among population about the benefits of TNF inhibitors can accelerate the market growth

Rising ageing population is also acting as a market driver

Market Restraints

Availability of alternative in market acts as a restricting factor in the growth of this market

High production cost of TNF drug also hampers the market growth

Competitive Analysis:

Global tumor necrosis factor (TNF) inhibitor drugs market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tumor necrosis factor (TNF) inhibitor drugs market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Segmentation: Global Tumor Necrosis Factor (TNF) Inhibitor Drugs Market

By Drug

Adalimumab

Certolizumab

Etanercept

Golimumab

Infliximab

Pipeline Analysis

Phase III Molecules

M923

HLX03

IBI303

Phase I & Phase II Molecules

By Application

Rheumatoid Arthritis

Psoriasis

Inflammatory Bowel Disease

Ankylosing Spondylitis

Crohn’s Disease

Plaque Psoriasis

Ulcerative Colitis

Hidradenitis Suppurativa

Juvenile Arthritis

Uveitis

Others

By Product

Humira

Enbrel

Remicade

Simponi

Cimzia

By Distribution Channel

Hospital Pharmacy

Retail Pharmacy

Online Pharmacy

By Geography

North America

South America

Europe

Asia-Pacific

Middle East & Africa

Reasons to Purchase this Report

Current and future of global tumor necrosis factor (TNF) inhibitor drugs market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

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Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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