Oral Biologics Market Generate Maximum Revenues By 2026 Estimated Global Prominent Players AstraZeneca plc, Eli Lilly and Co., GlaxoSmithKline plc, Novartis AG, Novo Nordisk, Rani Therapeutics, LLC.
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Collaboration and innovation are expected to be the major strategies of the oral biologics market players
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.
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. The greatest challenge of oral administration of biologic APIs is absorption across the gastrointestinal (GI) tract specifically in the small intestine, which has the highest permeability for the drugs as compared to the large intestine. Large size and polar surface of biomolecules are difficult to diffuse across the epithelial layer. Drug formulations are focusing on the overcoming of various physiochemical challenges by permeation enhancer, enzyme inhibitors, and encapsulation. Encapsulation is a protective covering that helps to prevent chemicals and enzymatic degradation.
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.
Global Oral Biologics Market Taxonomy -
By Therapy Type:
Tumor necrosis factor-alpha inhibitors
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