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 & biosimilar drugs market share in 2022.

The global oral biologics & biosimilar drugs market is expected to grow from $4.91 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The oral biologics & biosimilar drugs market is expected to grow from $11.77 billion in 2027 at a CAGR of 18.6%.

Major Driver In The Oral Biologics & Biosimilar Drugs Market ­– Rise In The Prevalence Of Chronic Diseases Such As Arthritis, Asthma, And Cancer
According to a United Nations report, the share of global fatalities caused by chronic diseases is anticipated to reach 70% by 2030. The worldwide burden of chronic disease is estimated to be around 60% by 2050. As a result, the rising frequency of chronic diseases is expected to drive demand for biologics and biosimilars, hence propelling the biologics and biosimilar market.

View More On The Oral Biologics & Biosimilar Drugs Market Report 2023 – https://www.thebusinessresearchcompany.com/report/drugs-for-benign-prostatic-hypertrophy-global-market-report

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

Recent Oral Biologics & Biosimilar Drugs Market Trend – Creating New Insulin Biosimilars
The major competitors in the oral biologics and biosimilar markets are investing in developing a biosimilar version of insulin. This also encourages competition among biosimilar makers. For example, in August 2020, Biocon Biologics India Ltd., an India-based fully integrated global biosimilars organisation, introduced Semglee, insulin glargine injectable in the United States in collaboration with Mylan, a US-based biosimilar company.

Oral Biologics & Biosimilar Drugs Market Prominent Players
Major players in the oral biologics & biosimilar drugs market are Allergan PLC., Astellas Pharma Inc., Boehringer Ingelheim, Eli Lilly and Company, GlaxoSmithKline PLC., Teva Pharmaceutical Industries Limited, Sanofi, Nymox Pharmaceutical Corporation, and AEternaZentaris Inc.

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The Oral Biologics & Biosimilar Drugs Global Market Report 2023  provides a comprehensive overview on the oral biologics & biosimilar drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the oral biologics & biosimilar drugs 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.

A biosimilar is a drug that is structurally and functionally identical to a biologic treatment. A biologic drug, on the other hand, is a medicine that was developed utilising a biological system, such as yeast, bacteria, or animal cells. A biological product is called “biosimilar” if it is clinically indistinguishable from an FDA-approved reference product that is already in use.

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