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Bevacizumab Biosimilars Market Analysis By Top Players And Regional Outlook 2023 - 2032 | Hetero Drugs Ltd., Amgen Inc., Biocon Ltd., Mylan Inc., BioXpress Therapeutics SA
Bevacizumab Biosimilars Market Research
The Business Research Company's Bevacizumab Biosimilars Global Market Report 2023 identifies the rising prevalence of cancer cases as the major driver for the Bevacizumab Biosimilars market's growth in the forecast period. Cancer incidence refers to the number of new cancer cases in a specific population for a given period. Bevacizumab is a biologic that inhibits tumor angiogenesis, which can lead to tumor shrinkage and growth inhibition, and it is comparable to reference biologics in terms of efficacy and safety in treating patients with advanced non-small cell lung cancer or metastatic colorectal cancer. For instance, in 2021, According to the American cancer society, 1.8 million new cancer cases were diagnosed in 2020.
The global bevacizumab biosimilars market size is expected to grow from $1.31 billion in 2022 to $1.43 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bevacizumab biosimilars market size is expected to reach $1.93 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the Bevacizumab Biosimilars market are Hetero Drugs Ltd., Amgen Inc., Biocon Ltd., Mylan Inc., BioXpress Therapeutics SA, Celltrion Inc., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Samsung Bioepis Co. Ltd., mAbxience SA, Aurobindo Pharma Ltd., Abbvie Inc., Allergan Plc., Reliance lifesciences Pvt. Ltd., Beaconpharma Ltd., Celgene Corporation Co. Ltd., Fujifilm Kyowa Kirin Biologics Co. Ltd., F. Hoffmann-La Roche Ltd., and Genentech Inc.
A key trend in the Bevacizumab Biosimilars market includes the product innovation has emerged. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in May 2022, Viatris, a US-based pharmaceutical company, and Biocon Biologics, a US-based pharmaceutical company, launched a biosimilar called Abevmy® (bevacizumab), which is a biosimilar similar to Roche's Avastin® (bevacizumab).
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The Bevacizumab Biosimilars market is segmented -
By Product: Avastin, Mvasi, Zirabev, Aybintio, Other Products
By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Other Distribution Channels
By Application: Colorectal Cancer, Non-small Cell Lung Cancer, Glioblastoma, Renal Cell Carcinoma, Cervical Cancer, Ovarian Cancer
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bevacizumab Biosimilars market.
The Business Research Company's "Global Bevacizumab Biosimilars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bevacizumab Biosimilars Market Include:
1. Executive Summary
2. Bevacizumab Biosimilars Market Characteristics
3. Bevacizumab Biosimilars Market Trends And Strategies
4. Bevacizumab Biosimilars Market - Macro Economic Scenario
5. Bevacizumab Biosimilars Market Size And Growth
……
26. Africa Bevacizumab Biosimilars Market
27. Bevacizumab Biosimilars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bevacizumab Biosimilars Market
29. Bevacizumab Biosimilars Market Future Outlook and Potential Analysis
30. Appendix
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