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Tumor Necrosis Factor Inhibitor Drugs Market Trends

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

Tumor Necrosis Factor Inhibitor Drugs Market Trends

  • The increasing prevalence of autoimmune diseases is a significant driver of the tumor necrosis factor (TNF) inhibitor drugs market.
     
  • For instance, according to the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD), the number of people living with rheumatoid arthritis globally is estimated to be around 18 million currently. This number is projected to increase by 80% to 31.7 million by 2050.
     
  • Autoimmune diseases, such as rheumatoid arthritis, psoriasis, and Crohn's disease, occur when the body's immune system mistakenly attacks healthy cells, leading to chronic inflammation and tissue damage. TNF inhibitors, which block the activity of TNF, have become essential in managing these conditions.
     
  • Thus, as the incidence of autoimmune diseases rises globally, there is a growing demand for effective treatments to alleviate symptoms and improve patients' quality of life. This trend is fueling the expansion of the TNF inhibitor market, as these drugs offer targeted therapy that can significantly reduce inflammation and prevent disease progression.
     
  • Additionally, ongoing research and development efforts to enhance the efficacy and safety of TNF inhibitors further bolster market growth, meeting the increasing therapeutic needs of a larger patient population
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

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Premium Report Details

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