TUMOR NECROSIS FACTOR (TNF) INHIBITOR DRUGS MARKET ANALYSIS

Tumor Necrosis Factor (TNF) Inhibitor Drugs Market, By Drug Type (Etanercept, Infliximab, Adalimumab, Certolizumab, and Golimumab), By Indication (Rheumatoid Arthritis, Juvenile Arthritis, Psoriatic Arthritis, Plaque Psoriasis, Ankylosing Spondylitis, Ulcerative Colitis, Crohn\\\'s Disease, and Others), By Route of Administration (Subcutaneous Injection and Intravenous injection), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Nov 2024
Code : CMI3463
Formats :
Excel and PDF
Industry : Pharmaceutical

Tumor Necrosis Factor (TNF) Inhibitor Drugs MarketSize and Trends

Market Trends

Leading manufacturers are engaged in the development and manufacture of new products as well as biosimilars in the global tumor necrosis factor (TNF) inhibitor drugs market over the forecast period. This factor is expected to aid in growth of the market over the forecast period. For instance, Eticovo, a second biosimilar of Enbrel, manufactured by Samsung Bioepis Co., Ltd, was approved by the U.S. FDA in May 2019 and the cost of Eticovo is US$ 1,500 less than the branded medicine (Enbrel costs around US$ 5,000 for per month supply).

Moreover, the first biosimilar of Enbrel i.e. Erelzi, manufactured by Novartis AG, is available in the form of a sensoready pen with an inbuilt autoinjector, which is beneficial for patients suffering from arthritis and cannot work properly with their limbs. Renflexis (biosimilar of infliximab) was introduced in the U.S market by Merck & Co. in July 2018, at a list price of US$ 753.39 which represents a 35% discount to the current list price of Remicade, its reference product.

Increasing prevalence of autoimmune diseases around the globe is expected to foster the market growth of tumor necrosis factor (TNF) inhibitors drugs. For instance, according to Centers for Disease Control and Prevention (CDC), 2017, around 54.4 million people in the U.S. are suffering from some form of arthritis during (2013 – 2015).