Bevacizumab Market Key Factors: Emerging Opportunities and Current Trends Analysis

Bevacizumab is a humanized recombinant monoclonal antibody that is effective against vascular endothelial growth factor called VEGF (pro angiogenic cytokine), which is made up of cells that help in new blood vessel formation. Bevacizumab acts by binding to VEGF and subsequently inhibiting its receptor binding process, which prevents the growth of the tumor and cancerous cells. Bevacizumab is currently undergoing many trials for being combined with other drugs for cancer treatment.

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Drivers

Increasing cancer prevalence
Cancer remains a major global health problem, and the incidence of various types of cancer is increasing. Bevacizumab is the main treatment for many types of cancer, including colon, lung, breast, and kidney cancer. The increasing prevalence of cancer worldwide increases the demand for bevacizumab as an effective treatment option, driving market growth.

Advancements in biotechnology and research
The field of biotechnology and cancer research is rapidly evolving, leading to the discovery of new therapeutic targets and treatments. Bevacizumab, an anti-angiogenic drug, has shown efficacy in inhibiting tumor growth by targeting blood vessel formation. Continued R&D efforts to find new applications and combinations for bevacizumab will drive market growth.

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Europe accounts for the largest market share due to the increased consumption of bevacizumab to treat various types of cancer.

Asia-Pacific is expected to account for the largest market share over the coming years for the market due to increasing prevalence and growing healthcare expenditure.

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Key players operating in the market are:

Genentech (U.S.)
Amgen (U.S.)
Pfizer Inc. (U.S.)
Allergan (Ireland)
Biocon (India)
Reliance Life Sciences (India)
Beacon Pharmaceuticals Limited (Bangladesh)
Celgene Corporation (U.S.)
Mylan Inc, (U.S.)

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