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Oral Biologics Market Set to Witness Rapid Growth – Top Global Key Players: AstraZeneca plc, Eli Lilly and Co., GlaxoSmithKline plc, Novartis AG, Novo Nordisk
Oral Biologics
Study Report focuses on the top key players of Oral Biologics Market. The major key players operating the oral biologics market include AstraZeneca plc, Eli Lilly and Co., GlaxoSmithKline plc, Novartis AG, Novo Nordisk, and Rani Therapeutics, LLC. Innovation and collaboration are expected to be the major strategies to combat the oral biologics market.
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Advance Drug Formulation And Increase Compliance Of Oral Biologics Is Expected To Accelerate The Growth Of Oral Biologics Market In Near Future
Global Oral Biologics Market Taxonomy
By Therapy Type
• Tumor necrosis factor-alpha inhibitors
• Lymphocyte modulators
• Interleukin inhibitors
By Indications
• Arthritis
• Asthma
• Carcinoma
• Crohn’s Disease
• Diabetes
• Enterocolitis
• Multiple myeloma
• Multiple sclerosis
• Psoriasis
• Sarcoma
• Others
Advance drug formulation and increase compliance of oral biologics is expected to accelerate the growth of oral biologics market in near future
Oral delivery of drugs is the most preferred route of administration by both patients and the manufacturers. Convenience and ease are the major requirements for patients leading to higher medicine adherence. The production cost for the oral dosage is low from other options and offer the greatest adaptability with respect to optimization of drug delivery.
Geographically, North America is expected to be the major consumer of innovative products, followed by Europe. These are the primary launch targets for manufacturers as they generate maximum revenues for the company. Therefore, this regions are the fastest growing markets and are expected to retain their position in near future. In 2016, around 50% of the Food and Drug Administration (FDA) approvals were for biologics. Asia Pacific region is expected to show slow growth in oral biologics market, due to higher cost of the biologics.
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