PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638993
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638993
TNF inhibitors are pivotal in treating autoimmune and inflammatory conditions, including rheumatoid arthritis, psoriasis, and Crohn's disease, by targeting and inhibiting the action of tumor necrosis factor, a cytokine that drives inflammation.
The increasing prevalence of autoimmune diseases globally is a key growth driver. Advancements in drug formulations, such as biosimilars, are creating opportunities for wider patient access and fostering competition in the market. Additionally, aging populations and heightened awareness of autoimmune conditions are propelling demand for effective treatment options.
Humira leads the product segment, accounting for 40.5% of the market share in 2024, owing to its versatility and established efficacy in managing multiple autoimmune diseases. Biosimilars are poised to emerge as a high-growth segment, with a projected CAGR of 15.5% during the forecast period, driven by affordability, increasing approvals, and expiration of patents for biologics like Humira.
Regional dynamics reveal North America as the dominant market, capturing 37.3% of the revenue share in 2024, due to its advanced healthcare infrastructure, significant patient pool, and robust pharmaceutical innovation. In the Asia Pacific region, the market is anticipated to grow at a CAGR of 4.5%, fueled by improvements in healthcare accessibility and heightened awareness of autoimmune therapies.