Oral Biologics & Biosimilar Drugs Global Market Estimated To Grow At 21% Rate – EIN News

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Oral Biologics & Biosimilar Drugs Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company's Oral Biologics & Biosimilar Drugs Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, October 17, 2022 /EINPresswire.com/ — As per The Business Research Company's "Oral Biologics & Biosimilar Drugs Global Market Report 2022”, the oral biologics & biosimilar drugs market is predicted to grow from $4.06 billion in 2021 to $4.91 billion in 2022 at a compound annual growth rate (CAGR) of 21%. The growth in the oral biologics and biosimilar market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The oral biologics and biosimilar drugs market is expected to reach $10.41 billion in 2026 at a CAGR of 20.70%. The oral biologics & biosimilar drugs market size is expanding as a result of rising population, shale oil drilling, manufacturing expansion, and cheap gasoline costs.
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Key Trends In The Oral Biologics & Biosimilar Drugs Market
The latest trend in the oral biologics and biosimilar market is the creation of new insulin biosimilars. The key players operating in the oral biologics and biosimilar market are investing in creating a biosimilar copy of insulin. This is also promoting competition among various biosimilar manufacturers. Following the trend, Mylan, a USA based pharmaceuticals company, in partnership with Biocon launched biosimilar insulin glargine named Semglee, in 2019 in Australia. Biocon is an Indian based biopharmaceutical company. In 2019, Oramed Pharmaceuticals, a Jerusalem based pharmaceutical company developed an oral insulin drug named ORMD-0801 to treat type 2 diabetes. Thus, companies in the oral biologics and biosimilar market are investing in the trend of developing biosimilar of insulin to gain profit.
Overview Of The Oral Biologics & Biosimilar Drugs Market
The oral biologics and biosimilar market consist of sales of oral biologics and biosimilar products and related services used to treat chronic diseases such as diabetes, arthritis, 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 active properties as any licensed biologic drug. The oral biologics and biosimilar market comprise of biologics and biosimilar drugs taken orally for the targeted treatment of Alzheimer's, multiple sclerosis, HIV/AIDS and other serious conditions.
Learn More On The Global Oral Biologics & Biosimilar Drugs Market report At:
https://www.thebusinessresearchcompany.com/report/oral-biologics-and-biosimilar-drug-global-market-report
Oral Biologics & Biosimilar Drugs Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
By Therapy: Lymphocyte Modulators, Interleukin Inhibitors, 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 & Peptides, Monoclonal Antibodies, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: The global oral biologics & biosimilar drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players in the oral biologics & biosimilar drugs market are Novartis, Rani Therapeutics, Eli Lilly and Co., AstraZeneca plc, Novo Nordisk A/S, Biocon Limited, Oramed Pharmaceuticals, BiosanaPharma, Entera Bio Ltd., Allergan plc.
Trends, Opportunities, Strategies And So Much More.
Oral Biologics & Biosimilar Drugs Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of oral biologics & biosimilar drugs market. The market report analyzes oral biologics & biosimilar drugs global market size, oral biologics & biosimilar drugs market growth drivers, oral biologics & biosimilar drugs market segments, oral biologics & biosimilar drugs market major players, oral biologics & biosimilar drugs global market growth across geographies, and oral biologics & biosimilar drugs market competitors’ revenues and market positioning. The oral biologics & biosimilar drugs market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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About The Business Research Company?
The Business Research Company has published over 3000 industry reports, covering over 3000 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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