2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theBevacizumab Biosimilars Market?

The escalating number of cancer cases is projected to drive the growth of the bevacizumab biosimilar market in future. The term cancer incidence refers to the quantity of new cancer cases diagnosed within a particular population over a certain timeframe. Bevacizumab is a biologic that curtails tumor angiogenesis, resulting in tumor reduction and growth limitation. It offers efficacy and safety on par with reference biologics in treating patients suffering from advanced non-small cell lung cancer or metastatic colorectal cancer. For example, in October 2024, the National Health Service (NHS) in the UK reported 346,217 new cases of cancer in 2022, which averages to 948 cases daily. This indicates a 5% surge compared to 329,664 diagnoses in 2021. The number of cancer diagnoses witnessed a 7% ascent, increasing from 167,917 in 2021 to 180,877 in 2022. Thus, the growing prevalence of cancer cases is seen as a driver for the bevacizumab biosimilars market.

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#What is the Growth Potential of the Bevacizumab Biosimilars Market, and How Will It Perform by 2034?

The market size of bevacizumab biosimilars has noted significant advancement in the past few years. It is projected to ascend from $1.53 billion in 2024 to $1.66 billion in 2025, registering a compound annual growth rate (CAGR) of 8.2%. The burgeoning growth during the historical period is ascribed to the expiration of patents, control of healthcare costs, a surge in cancer cases, competitive market conditions, patient accessibility, and affordability, along with the acceptance of biosimilars.

The market size of bevacizumab biosimilars is predicted to experience a significant increase in the near future, with an expected growth to $2.27 billion in 2029 and a compound annual growth rate (CAGR) of 8.1%. Various factors contributing to the growth during the forecast period include an increased requirement for cancer treatments, proficiency in biosimilar development, healthcare system stress, as well as biosimilar interchangeability in the regulatory landscape. This era is highlighted by several key trends such as strategic collaborations and partnerships, progressive regulatory approvals, innovative developments in biosimilars, strategic market access plans, and effective biosimilar lifecycle management.

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What Are the Current Market Growth and Trends in theBevacizumab Biosimilars Market That Industry Players Should Watch?

In the bevacizumab biosimilars market, the central trend that’s gaining traction is product innovation. To cement their market position, main players are focusing predominantly on developing inventive products. For example, in May 2022, two US-based pharmaceutical firms – Viatris and Biocon Biologics – introduced Abevmy (bevacizumab), a biosimilar akin to Roche’s Avastin (bevacizumab). Health Canada has green-lit Abevmy for use in four oncology areas. The product has a safety, effectiveness, and quality profile that matches the reference biologic as it’s a created humanized monoclonal antibody (MA) that thwarts the biological activity of human vascular endothelial growth factor (VEGF).

What Are the Major Market Players Making an Impact on theBevacizumab Biosimilars Market Growth?

Major companies operating in the bevacizumab biosimilars market include Cipla Limited, Reliance lifesciences Pvt. Ltd., Fujifilm Kyowa Kirin Biologics Co. Ltd., Pfizer Inc., F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Mylan Inc., Daiichi Sankyo Company Limited, Beaconpharma Ltd., Innovent Biologics Inc., STADA Arzneimittel AG, Shanghai Henlius Biotech Inc., Aurobindo Pharma Ltd., Dr. Reddy’s Laboratories Ltd., Biocon Ltd., Intas Pharmaceuticals Ltd., Amneal Pharmaceuticals LLC, Samsung Bioepis Co. Ltd., Celltrion Inc., Coherus BioSciences Inc., Hetero Drugs Ltd., Apotex Inc., BioXpress Therapeutics SA, mAbxience SA

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How Are the Key Segments of the Bevacizumab Biosimilars Market Driving Opportunities and Innovations?

The bevacizumab biosimilars market covered in this report is segmented –

1) By Product: Avastin, Mvasi, Zirabev, Aybintio, Other Products

2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Other Distribution Channels

3) By Application: Colorectal Cancer, Non-small Cell Lung Cancer, Glioblastoma, Renal Cell Carcinoma, Cervical Cancer, Ovarian Cancer

Subsegments:

1) By Avastin: Original Avastin Product

2) By Mvasi: Mvasi (Amgen Biosimilar)

3) By Zirabev: Zirabev (Pfizer Biosimilar)

4) By Aybintio: Aybintio (Samsung Bioepis Biosimilar)

5) By Other Products: Additional Bevacizumab Biosimilars

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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theBevacizumab Biosimilars Market?# Market Expansion?

North America was the largest region in the bevacizumab biosimilars market in 2024. The regions covered in the bevacizumab biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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