The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest oral biologics and biosimilars market share region in 2022.

The global oral biologics and biosimilars market is expected to grow from $5.37 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 20.3%. The market is expected to reach $13.68 billion in 2027 at a CAGR of 20.6%.

Major Driver In The Oral Biologics And Biosimilars Market ­– Rise In The Prevalence Of Chronic Diseases
Chronic diseases are expected to account for 70% of all mortality worldwide by 2030, according to a United Nations article, a US-based intergovernmental agency. Chronic disease is expected to account for roughly 60% of all fatalities worldwide. As a result, the rise in the prevalence of chronic diseases is propelling the biologics and biosimilar industry forward.

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Key Oral Biologics And Biosimilars Market Segments
1) By Therapy: Lymphocyte Modulators, Interleukin Inhibitors, and Tumor Necrosis Factor-Alpha Inhibitors
2) By Disease: Asthma, Crohn’s Disease, Carcinoma, Arthritis, Diabetes, Multiple Myeloma, Enterocolitis, Multiple Sclerosis, Sarcoma, Psoriasis and Other Diseases
3) By Molecule Type: Vaccines, Proteins and Peptides, Monoclonal Antibodies, and Other Molecule Types
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies

Recent Oral Biologics And Biosimilars Market Trend – Creation Of New Insulin Biosimilar
For example, Biocon, an Indian biopharmaceutical company, will launch interchangeable biosimilar insulin in November 2021. These medicines, which are available in vial and prefilled pen formats, help to regulate high blood sugar levels in children patients with type 1 diabetes and adults with type 2 diabetes. These are interchangeable for the reference brand, Lantus (insulin glargine), allowing for pharmacist substitution. As a result, firms in the oral biologics and biosimilar markets are investing in the trend of generating insulin biosimilars in order to benefit.

Oral Biologics And Biosimilars Market Prominent Players
Major 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, and Emisphere Technologies.

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The Oral Biologics And Biosimilars Global Market Report 2023  provides a comprehensive overview on the oral biologics and biosimilars market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the oral biologics and biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Biologics are pharmaceuticals manufactured from living cells using highly complex technology, whereas biosimilars are designed to work similarly to biologics but are not identical. Oral biologics and biosimilar medications are taken orally for the targeted treatment of Alzheimer’s, multiple sclerosis, HIV/AIDS, and other serious disorders, and are used to treat chronic diseases such as diabetes, arthritis, and cancer.

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