The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: The Phenomenal Rise of Oral Biologics & Biosimilars Market

• Market size surges from $6471.49 billion in 2023 to $7788.01 billion in 2024, showcasing a remarkable CAGR of 20.3%.
• Historic growth attributed to increased partnerships, demand for immunology, cost-effective manufacturing, aging population, and governmental initiatives.

A Glimpse into the Future: Projections and Forecasts

• Market poised to reach $16634.59 billion in 2028 with a CAGR of 20.9%.
• Factors driving forecasted growth include robust R&D, preference for oral over injectable, technological advancements, and rising chronic diseases prevalence.

Addressing Chronic Diseases: Catalyst for Market Expansion

• Prevalence of chronic diseases like arthritis, asthma, and cancer fuels market growth.
• Lifestyle factors contribute to chronic disease rise; biologics offer effective treatment.
• By 2030, chronic diseases expected to cause 70% of global fatalities, underlining the market’s significance.

Key Players Driving Market Dynamics

• Major companies shaping the market landscape include Merck & Co. Inc., GlaxoSmithKline, Novo Nordisk, and others.
• Investments in R&D, strategic acquisitions, and product diversification propel market growth and innovation.

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Rise of Insulin Biosimilars: A Transformative Trend

• Development of insulin biosimilars gains traction, offering innovative treatment options.
• Companies like Biocon invest in interchangeable biosimilar insulin, capturing market share.
• Trend underscores the market’s evolution towards cost-effective and accessible treatments.

Biocon’s Strategic Move: Acquisition of Eywa Pharma Inc.

• Biocon Limited’s acquisition of Eywa Pharma Inc. for $7.7 million in September 2023 strengthens manufacturing infrastructure.
• Acquisition diversifies product portfolio, ensuring supply continuity and enhancing oral solid dosage capacities.

Segmentation and Market Insights

• Market segmented by therapy, disease, molecule type, and distribution channel.
• Therapy includes lymphocyte modulators, interleukin inhibitors, tumor necrosis factor-alpha inhibitors, and more.
• Diseases covered encompass diabetes, arthritis, cancer, infectious diseases, and autoimmune diseases.
• Molecule types range from vaccines to monoclonal antibodies, catering to diverse treatment needs.
• Distribution channels include hospital pharmacies, retail pharmacies, and online pharmacies, ensuring accessibility.

Regional Dynamics: North America Leads, Middle East Emerges

• North America dominates the market in 2023, fueled by advanced healthcare infrastructure and high R&D investment.
• Middle East projected as the fastest-growing region, driven by increasing healthcare access and rising chronic diseases prevalence.

Conclusion: Embracing a Promising Future

• The oral biologics & biosimilars market experiences unprecedented growth, driven by innovation and rising healthcare demands.
• Strategic partnerships, R&D investments, and market expansion initiatives shape the industry’s trajectory.
• As the market evolves, stakeholders must prioritize accessibility, affordability, and innovation to address global healthcare challenges effectively.

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