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Global Biobetters Market 2023: Lower Dosage Frequency to drive market expansion | Amgen Inc, F.Hoffmann-La Roche AG, Merck & Co. Inc.

01-06-2023 09:20 AM CET | Health & Medicine

Press release from: Persistence Market Research

Global Biobetters Market 2023: Lower Dosage Frequency to drive

Biobetters are biopharmaceutical products that are developed to improve upon an existing reference product, such as a generic drug or an innovator drug. Biobetters are typically developed through protein engineering or other modification techniques, and they are designed to offer improved efficacy, safety, or other characteristics compared to the reference product. Some examples of biobetters include extended-release formulations, combination products, and targeted therapies.

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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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About Us

Persistence Market Research's Expertise in Life Sciences and Transformational Health

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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