Global Oral Biologics & Biosimilars Market Overview And Prospects – Includes Oral Biologics & Biosimilars Market Analysis
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The global oral biologics & biosimilars market is expected to grow from $4.24 billion in 2021 to $5.24 billion in 2022 at a compound annual growth rate (CAGR) of 23.4%. The global oral biologics & biosimilars market size is expected to grow to $9.44 billion in 2026 at a compound annual growth rate (CAGR) of 15.9%.
The rising prevalence of chronic diseases such as arthritis, asthma, and cancer is expected to propel the growth of the oral biologics and biosimilar market.
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The oral biologics and biosimilar market consist of sales of oral biologics and biosimilar products and related services by entities (organizations, sole traders, partnership) used to treat chronic diseases such as diabetes, arthritis, and cancer. Biologics are drugs made from living cells using highly complex technology, while biosimilars are created to function similarly to biologics but are not identical to biologics. Biosimilars offer the same active properties as any licensed biological drug. The oral biologics and biosimilar market comprise biologics and biosimilar drugs taken orally for the targeted treatment of Alzheimer’s, multiple sclerosis, HIV/AIDS, and other serious conditions.
Global Oral Biologics & Biosimilars Market Segments Include:
By Therapy: Lymphocyte Modulators, Interleukin Inhibitors, and Tumor Necrosis Factor-Alpha Inhibitors
By Disease: Asthma, Crohn’s Disease, Carcinoma, Arthritis, Diabetes, Multiple Myeloma, Enterocolitis, Multiple Sclerosis, Sarcoma, Psoriasis and Others
By Molecule Type: Vaccines, Proteins and Peptides, Monoclonal Antibodies, and Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global oral biologics & biosimilars market in 2021.
The creation of new insulin biosimilar is a key trend gaining popularity in the oral biologics and biosimilar market. The key players operating in the oral biologics and biosimilar market are investing in creating a biosimilar copy of insulin to capture the market share.
TBRC’s Oral Biologics & Biosimilars Market Report Covers:
Major Market Players: Novartis, Rani Therapeutics, Eli Lilly and Co., AstraZeneca plc, Novo Nordisk A/S, Biocon Limited, Oramed Pharmaceuticals, BiosanaPharma, Entera Bio Ltd., Allergan plc, and Emisphere Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Oral Biologics & Biosimilars Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides oral biologics & biosimilars market overviews, analyzes and forecasts market size, share, oral biologics & biosimilars market players, oral biologics & biosimilars market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s oral biologics & biosimilars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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