PUBLISHER: The Business Research Company | PRODUCT CODE: 1643975
PUBLISHER: The Business Research Company | PRODUCT CODE: 1643975
Adalimumab, infliximab, etanercept and trastuzumab are originators (the original or first) biological agents approved for the treatment of serious human diseases. The first three are biological inhibitors of the cytokine TNFa, which they achieve using different biological entities. Adalimumab (Humira(TM)) is a fully human monoclonal antibody, infliximab (Remicade(TM)) is a human-mouse chimeric monoclonal antibody targeting and etanercept (Embrel(TM)) is a fusion protein, comprised of the human TNFa 2 receptor and the immunoglobulin G1 Fc region. They are all approved TNFa inhibitors indicated for the treatment of various inflammatory/autoimmune diseases, such as Crohn's disease, ulcerative colitis, rheumatoid artharitis, and psoriasis.
In contrast, Trastuzumab (Herceptin(TM)) is a humanized monoclonal antibody, targeting the HER2 receptor, indicated for the treatment of HER2 positive cancers, including breast and stomach cancers. As adalimumab, infliximab, etanercept and trastuzumab are widely recognized for their success as originator biologic drugs, they have been the focus of efforts by competitor companies to launch more cost-effective biosimilar alternatives. These biosimilars are developed to mirror the effectiveness and safety of the originator drugs, offering accessible treatment options for various chronic and severe diseases.
The global adalimumab, infliximab, etanercept and trastuzumab biosimilars market was valued at $1,283.21 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 40.00%.
Rising Healthcare Expenditure
The rising healthcare expenditure supported the growth of the adalimumab, infliximab, etanercept and trastuzumab biosimilars market. Rising healthcare costs are driving hospitals, clinics and insurers to adopt therapies that uphold treatment standards while reducing expenses. Biosimilars provide a cost-effective alternative to branded biologics, enabling these organizations to manage budgets efficiently without compromising the quality of patient care. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. The UK total healthcare expenditure in 2021 was £280.7 billion ($367.25 billion) and pharmaceutical expenditure stood at £39.6 billion ($51.84 billion) in 2021, moreover, spending on preventive care was £35.1 billion ($45.93 billion) in 2021, more than doubling from 2020. Therefore, the rising healthcare expenditure drove the growth of the adalimumab, infliximab, etanercept and trastuzumab biosimilars market during the historic period.
New Biosimilar Formulation To Enhance Patient Experience In Chronic Disease Treatment
Companies operating in the adalimumab, infliximab, etanercept and trastuzumab biosimilars market are deploying new biosimilar formulation to enhance patient experience in chronic disease treatment. This benefits the healthcare ecosystem by driving down costs, fostering innovation and expanding the range of treatment options available to patients. For instance, in January 2023, Samsung Bioepis, a South Korea-based company specializing in biosimilars, announced that Health Canada had approved a new version of its adalimumab biosimilar, HADLIMA. This updated formulation is citrate-free and features higher concentration, designed to reduce injection-related discomfort for patients. The approval highlights the growing trend of biosimilars, which provide effective alternatives to existing biologic therapies while offering potential cost savings for both healthcare systems and patients.
The global adalimumab, infliximab, etanercept and trastuzumab biosimilars market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up 65.2% of the total market in 2023.
Adalimumab, Infliximab, Etanercept And Trastuzumab Biosimilars Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global adalimumab, infliximab, etanercept and trastuzumab biosimilars market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for adalimumab, infliximab, etanercept and trastuzumab biosimilars? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The adalimumab, infliximab, etanercept and trastuzumab biosimilars market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider adalimumab, infliximab, etanercept and trastuzumab biosimilars market; and compares it with other markets.
4) By Trastuzumab Biosimilars (By Application): Adjuvant Breast Cancer; Metastatic Breast Cancer; Metastatic Gastric Cancer; Other Trastuzumab Biosimilars Applications