Rituximab Biosimilars Market Growth 2023 Along with Business Insights and Forecast to 2029  by Key Players | Amgen , AryoGen Pharmed , Biocad , Cadila Pharmaceuticals

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Global Rituximab Biosimilars market Size, Status, and forecast for the 2023-2029 . The research provides  accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Rituximab Biosimilars industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global Rituximab Biosimilars market size was valued at USD 21.8 billion in 2022 and is expected to grow at a compound annual growth rate(CAGR) of 15.9% over the forecast period. 

Major Players in Rituximab Biosimilars markets are:

Amgen, AryoGen Pharmed, Biocad, Cadila Pharmaceuticals, Celltrion, Dr Reddy's Laboratories, Teva, Hetero Group, Innovent Biologics, Intas Biopharmaceuticals, Mylan, Probiomed, TRPharma, Zenotech Laboratories

Industry News:

Teva and Celltrion Announce the Availability of TRUXIMA® (rituximab-abbs) Injection, the First Biosimilar to Rituxan® (rituximab) in the United States

Teva Pharmaceuticals USA, Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), Celltrion, Inc., (KRX KRX:068270) and Celltrion Healthcare, Co., Ltd. (KRX KOSDAQ:091990), announced that TRUXIMA® (rituximab-abbs) injection is the first biosimilar to the reference product Rituxan®1 (rituximab) now available in the United States with a full oncology label. TRUXIMA is currently indicated for the treatment of adult patients with non-Hodgkin's Lymphoma (NHL) and Chronic Lymphocytic Leukemia (CLL):
THOUSAND OAKS, Calif., June 6, 2022 - Amgen (NASDAQ:AMGN) today announced that the U.S. Food and Drug Administration (FDA) has approved RIABNI™ (rituximab-arrx), a biosimilar to Rituxan®, in combination with methotrexate for adults with moderate to severely active rheumatoid arthritis (RA) who have had an inadequate response to one or more tumor necrosis factor (TNF) antagonist therapies. RIABNI is already approved for the treatment of adult patients with Non-Hodgkin's Lymphoma (NHL), Chronic Lymphocytic Leukemia (CLL), Granulomatosis with Polyangiitis (GPA) (also called Wegener's Granulomatosis) and Microscopic Polyangiitis (MPA).

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Furthermore, the report provides a detailed understanding of the market segments which have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.

Global Rituximab Biosimilars Market Segmentation: 

Segmentation by product type:

500mg

100mg

Other

Segmentation by application:

Hospital Pharmacy

Retail Pharmacy

The following areas and countries are covered in the worldwide Rituximab Biosimilars market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America dominated the market with the largest revenue share of 40.4% in 2022 owing to a strong regulatory framework for biosimilars and the presence of major players in the region. Moreover, the region has relatively easy access to biosimilars. According to the U.S. Generic Biosimilars Saving Report 2021, 31 biosimilars had been approved and 20 have been launched in the U.S., which has resulted in an increment of nearly 10 million days of therapy. The 20 biosimilars launched in the U.S. are priced 30% lesser than the biologics and have resulted in lowering the cost for both biosimilars and biologics. This cost reduction is expected to provide a further boost for biosimilars in this region.

Asia Pacific is expected to grow at the fastest CAGR of 18.4% over the forecast period. The presence of key players, such as Dr. Reddy's Laboratories, Biocon, Pfizer Inc., and Celltrion, has helped in the development and commercialization of biosimilars in this region. For instance, in August 2019, Dr. Reddy's Laboratories launched a biosimilar of Roche's Avastin in India, which facilitates the treatment of various types of cancers. Similar developments in the market coupled with increased health expenditure are expected to propel the growth of biosimilars in this region. According to the World Bank data retrieved in April 2023, health expenditure in China as a percentage of GDP has increased from 4.98% in 2015 to 5.59% in 2020.

This Rituximab Biosimilars report includes data from the manufacturer, such as shipment, price, revenue, gross profit, interview record, company distribution, and so on. These data enable the consumer to understand the rivals better. New market opportunities and focused marketing strategies for global Rituximab Biosimilars rand'd and the desire for new product releases and applications are discussed.

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Key Features of the Rituximab Biosimilars Market Report: -

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Rituximab Biosimilars industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.

Strategic Points Covered in Table of Content of Global Rituximab Biosimilars Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Rituximab Biosimilars market
Chapter 2: Exclusive Summary - the basic information of the Rituximab Biosimilars
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Rituximab Biosimilars.
Chapter 4: Presenting the Rituximab Biosimilars Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Rituximab Biosimilars market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2029)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Rituximab Biosimilars Market is a valuable source of guidance for individuals and companies.

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Reasons to buy the Rituximab Biosimilars market report: -

Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
Reports provide opportunities and threats faced by suppliers in the Rituximab Biosimilars industry around the world. The report shows regions and sectors with the fastest growth potential.
A competitive environment that includes market rankings of major companies, along with new product launches partnerships, business expansions, and acquisitions.
The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?
What are the Key Factors driving Rituximab Biosimilars Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Rituximab Biosimilars Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter's five forces model?
Which are the Global Opportunities for Expanding the Rituximab Biosimilars Market?

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