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Unveiling the Enbrel Global Market Report 2025: Exponential Growth Expected With A CAGR Of 5.6%
The Business Research Company's Enbrel Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, February 11, 2025 /EINPresswire.com/ -- The Enbrel market growth has demonstrated significant progress in recent years. According to the Enbrel Global Market Report 2025, it will expand from a whopping $15,876.25 million in 2024 to a staggering $16,825.42 million in 2025, reflecting a compound annual growth rate CAGR of 6.0%. A multitude of factors is attributed to this growth in the historic period including the increasing prevalence of rheumatoid arthritis, escalating need for personalized treatments in autoimmune diseases, rising demand for advanced biologic treatments, surging healthcare investments in biologics, and the world's aging population.
Can the Enbrel Market size see robust growth in the future years and what are the forecasts?
The projections for the Enbrel market are robust and promising. It is projected to grow to $20,930.93 million in 2029 at a compound annual growth rate CAGR of 5.6%. Numerous factors could contribute to this growth in the forecast period including the growing use of Enbrel in multiple indications, increasing government support for biologics and rheumatoid arthritis RA treatment, rising awareness of autoimmune diseases, increased awareness of inflammatory diseases among the general population, increasing availability of biosimilars, and rising promotion of Enbrel.
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What are the expected drivers that will propel the growth of the Enbrel market?
The surging prevalence of autoimmune conditions is set to drive the Enbrel market growth forward. Autoimmune conditions occur when the immune system mistakenly targets the body's healthy cells, leading to inflammation and damage in various organs. The rising prevalence of autoimmune conditions is attributed to factors such as genetic predisposition, environmental triggers, and changes in lifestyle and immune system behavior. This surging prevalence of autoimmune conditions fuels the demand for Enbrel treatments, which help manage inflammatory conditions such as rheumatoid arthritis and psoriatic arthritis.
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Which are the key players operating in the Enbrel market?
Among the major companies operating in the Enbrel market is Amgen Inc. They exhibit a robust presence and continue to play a pivotal role in shaping the landscape of the market.
What's the key trend in the Enbrel market?
A noteworthy trend in the Enbrel market is obtaining drug approval by authorities to gain a competitive edge in the industry. For instance, in October 2023, the U.S. Food and Drug Administration FDA approved Amgen Inc.'s Enbrel to manage children aged two and up who have active juvenile psoriatic arthritis JPsA, proving the efficacy of etanercept as a tumor necrosis factor blocker.
How is the global Enbrel market segmented?
The global Enbrel market spans various segments:
1 By Product: Injectable Solution; Prefilled Syringes; Combination Therapy; Extended Release Formulations; Biosimilars
2 By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
3 By Application: Rheumatoid Arthritis; Juvenile Idiopathic Arthritis; Psoriatic Arthritis; Ankylosing Spondylitis; Other Applications
Yes, North America was the largest region in the Enbrel market in 2024, but what does the future beholds? While North America led the Enbrel market in 2024, Asia-Pacific is predicted to be the fastest-growing region in the upcoming forecast period. The Enbrel market spans regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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