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Biologic And Biosimilar RA Drugs Market 2023 Analysis Of Production, Future Demand, Sales And Consumption Research Report To 2032
Biologic And Biosimilar RA Drugs Global Market
The Business Research Company's Biologic And Biosimilar RA Drugs Global Market Report 2023 identifies rising older population and increasing incidence of rheumatoid arthritis as the major driver for the Biologic And Biosimilar RA Drugs market's growth in the forecast period. The older population refers to people who are aged 60 years or older. Rheumatoid arthritis is an autoimmune disease in which the immune system of a person attacks its healthy cells and the joints of the person are affected. Rheumatoid arthritis is most likely to affect people in old age as the immune system gets weaker with old age. Biologics and biosimilar RA drugs are very useful for the treatment of rheumatoid arthritis as compared to conventional drugs.
The global biologic & biosimilar RA drugs market size is expected to grow from $12.08 billion in 2022 to $12.65 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. 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 biologic & biosimilar RA drugs market size is expected to grow to $15.19 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the Biologic And Biosimilar RA Drugs market are Samsung BioLogics Co. Ltd., Amgen Inc., Novo Nordisk A/S, AbbVie Inc., Sanofi Pasteur, Johnson & Johnson Services Inc., Pfizer Inc., Merck & Co. Inc., Eli Lilly and Company, Novartis AG, Bayer AG, F. Hoffmann-La Roche Ltd.
A key trend in the Biologic And Biosimilar RA Drugs market includes Product innovations. Major companies in the biologics and biosimilars RA drugs market are introducing innovative products to sustain their position in the market. For instance, in January 2020, Bio-Thera Solutions, a China-based biosimilar developer and manufacturer, launched QLETLI. The new product is the first adalimumab biosimilar approved by the China National Medical Products Administration (NMPA). It will be useful for the treatment of rheumatoid arthritis, ankylosing spondylitis, and plaque psoriasis.
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The Biologic And Biosimilar RA Drugs market is segmented -
1) By Source: Microbial, Mammalian, Other Sources
2) By Disease: Oncology, Immunological Disorders, Cardiovascular Disorders, Hematological Disorders, Other Diseases
3) By Manufacturing: Outsourced, In-House
4) By Mode Of Purchase: Prescription Drugs, Over-The-Counter (OTC) Drugs
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biologic And Biosimilar RA Drugs market.
The Business Research Company's "Global Biologic And Biosimilar RA Drugs 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 Biologic And Biosimilar RA Drugs Market Include:
1. Executive Summary
2. Biologic And Biosimilar Ra Drugs Market Characteristics
3. Biologic And Biosimilar Ra Drugs Market Trends And Strategies
4. Biologic And Biosimilar Ra Drugs Market - Macro Economic Scenario
5. Biologic And Biosimilar Ra Drugs Market Size And Growth
……
27. Biologic And Biosimilar Ra Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biologic And Biosimilar Ra Drugs Market
29. Biologic And Biosimilar Ra Drugs Market Future Outlook And Potential Analysis
30. Appendix
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