Press release
Global Biobetters Market 2023: Lower Dosage Frequency to drive market expansion | Amgen Inc, F.Hoffmann-La Roche AG, Merck & Co. Inc.
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The market for biobetters is expected to see significant growth in the coming years due to the increasing demand for improved and specialized therapies, as well as the patent expiration of several blockbuster drugs, which will open up the market for generic and biobetter alternatives. In addition, the increasing prevalence of chronic diseases, such as cancer and diabetes, is expected to drive the market for biobetters as these diseases require long-term treatment with specialized therapies.
Biobetters Market witnessed a CAGR of 7.3% between 2014 and 2021. The global Biobetters Market is expected to witness a steady 8.3% CAGR between 2022 and 2029. In 2022, the global Biobetters Market size was US$ 55,752.3 million, which is projected to reach US$ 99,262.5 million by the year 2029.
Companies
Amgen Inc.
Hoffmann-La Roche AG
Merck & Co. Inc.
Sanofi SA
SERVIER
Porton Biopharma Limited
Eli Lily and Company
Novo Nordisk A/S
Biogen Inc.
CSL Behring GmbH
Teva Pharmaceutical Industries Ltd.
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Geographically, the market for biobetters is expected to be dominated by North America and Europe due to the presence of well-established pharmaceutical industries in these regions. However, the market in Asia Pacific is expected to grow at a significant rate due to the increasing demand for specialized therapies and the growing healthcare infrastructure in the region.
Overall, the market for biobetters is expected to see strong growth in the coming years due to the increasing demand for improved and specialized therapies and the patent expiration of several blockbuster drugs.
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Biobetters Market Categorization
Biobetters Market by By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Biobetters Market By Molecule Type
G-CSF Biobetters
Insulin Biobetters
Erythropoietin Biobetters
Monoclonal Antibodies Biobetters
Others
Biobetters Market by Disease Indication
Cancer
Diabetes
Genetic disease
Neurological Disorders
Others
Biobetters Market by Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
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Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.
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