The Global Humira Biosimilar Market Is Estimated To Be Valued At US$ 772.1 Million In 2023 And Is Expected To Exhibit A CAGR Of 25.9%
Humira Biosimilar Market |
Market Overview:
Humira(adalimumab) is a human monoclonal antibody used to treat various
autoimmune diseases such as rheumatoid arthritis, Crohn's disease, ulcerative
colitis and psoriasis. Biosimilar versions provide cost effective treatment
options with comparable safety and efficacy.
Market key trends:
One of the key trends in the humira biosimilar market is the patent expiration
of Humira's reference product. AbbVie's patent on Humira expired in major
markets like Europe in October 2018 and will expire in the US in December 2023,
allowing for biosimilar competition. This has led to several biosimilar
approvals and launches by companies like Amgen, Sandoz and Boehringer
Ingelheim. Increased biosimilar penetration is expected to substantially reduce
treatment costs and expand patient access to biologic therapy for various
chronic conditions.
Segment Analysis
The global Humira
Biosimilar Market biosimilar market is dominated by the rhematoid
arthritis sub-segment. Currently, Humira is approved for the treatment of
rheumatoid arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn's
disease, ulcerative colitis and uveitis. The rheumatoid arthritis sub-segment
holds the largest market share as rheumatoid arthritis is the most common
chronic inflammatory condition affecting approximately 1% of the adult
population globally. Humira has been approved for the treatment of moderate to
severe active rheumatoid arthritis.
Key Takeaways
The global Humira biosimilar market is expected to witness high growth,
exhibiting CAGR of 25.9% over the
forecast period 2023 - 2030, due to increasing prevalence of immune-mediated
inflammatory diseases globally.
Regional analysis
The US region currently dominates the global Humira biosimilar market with a
share of over 60% in 2023. However, the Asia Pacific region is expected to
emerge as the fastest growing market during the forecast period. Countries like
China, India, South Korea and Japan are expected to offer lucrative
opportunities for market players due to rising healthcare spending and increasing
generic penetration in the region.
Key players
Key players operating in the Humira biosimilar market are Amgen Inc., Samsung
Bioepis Co., Ltd., Sandoz International GmbH (Novartis AG), Mylan N.V.,
Boehringer Ingelheim International GmbH, Pfizer Inc., Fresenius Kabi AG,
Coherus BioSciences, Inc., Biogen Inc., AbbVie Inc., Celltrion Inc., Amneal
Pharmaceuticals, Inc., Lupin Pharmaceuticals, Inc., Merck & Co., Inc.,
Viatris Inc. Amgen Inc. generated the highest revenue from Humira biosimilars
in 2023.
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