Home > Healthcare > Pharmaceuticals > Finished Drug Form > Tumor Necrosis Factor Inhibitor Drugs Market

Tumor Necrosis Factor Inhibitor Drugs Market Size

  • Report ID: GMI10748
  • Published Date: Aug 2024
  • Report Format: PDF

Tumor Necrosis Factor Inhibitor Drugs Market Size

Tumor Necrosis Factor Inhibitor Drugs Market size in 2023 was valued at USD 41.3 billion and is set to register growth at 2.2% CAGR between 2024 and 2032. The growth of the tumor necrosis factor (TNF) inhibitor drugs market is primarily driven by the increasing prevalence of autoimmune diseases such as rheumatoid arthritis, psoriasis, and inflammatory bowel disease.

 

As awareness and diagnosis of these conditions improve, the demand for effective treatments has surged. TNF inhibitors, known for their efficacy in managing the symptoms of these chronic inflammatory diseases, have become a cornerstone in therapeutic regimens. Additionally, advancements in biotechnology have enabled the development of more targeted and potent TNF inhibitors, enhancing their therapeutic benefits and expanding their application across various autoimmune conditions.

 

Another significant growth driver is the rising healthcare expenditure and improved access to advanced biologic therapies in emerging markets. Governments and private sectors in these regions are increasingly investing in healthcare infrastructure, facilitating better diagnosis and treatment options for autoimmune diseases. Moreover, ongoing research and development efforts aimed at improving the efficacy and safety profiles of TNF inhibitors are expected to introduce new and innovative products into the market. The expanding indications for TNF inhibitors, along with their growing adoption in clinical practice due to proven long-term benefits, are further propelling market growth.

 

Tumor necrosis factor (TNF) inhibitor drugs are a class of medications that specifically target and neutralize tumor necrosis factor-alpha (TNF-α), a pro-inflammatory cytokine involved in systemic inflammation. TNF-α plays a key role in the pathophysiology of various autoimmune and inflammatory conditions, such as rheumatoid arthritis, psoriasis, ankylosing spondylitis, and inflammatory bowel disease. By inhibiting the activity of TNF-α, these drugs help reduce inflammation, alleviate symptoms, and prevent disease progression.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The tumor necrosis factor inhibitor drugs market was valued at USD 41.3 billion in 2023 and is set to register 2.2% CAGR during 2024-2032 driven by the increasing prevalence of autoimmune diseases.

The rheumatoid arthritis segment in the market held 42% share in 2023 owing to the strong clinical efficacy and favorable safety profiles of these biologic drugs.

North America tumor necrosis factor inhibitor drugs market generated USD 17 billion in 2023 and is anticipated to reach USD 20 billion by 2032 attributed to the presence of leading pharmaceutical companies and biopharmaceutical firms.

AbbVie Inc., Amgen Inc., Boehringer Ingelheim Pharmaceuticals, Inc., Bio-Thera Solutions, Ltd., Janssen Biotech, Inc., Merck & Co., Inc., Pfizer Inc., Samsung Bioepis Co., Ltd., Sandoz Group AG, and UCB, Inc.

Tumor Necrosis Factor Inhibitor Drugs Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 452
  • Countries covered: 22
  • Pages: 260
 Download Free Sample