Rituximab Biosimilars Market Key Drivers, Size, Share, Opportunity Analysis And Outlook 2024-2033

The rituximab biosimilars market size has grown rapidly in recent years. It will grow from $2.66 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to government initiatives, increased healthcare expenditure, increase in biopharmaceutical r&d expenditure, low cost of biosimilars, and emerging markets growth.

The rituximab biosimilars market size is expected to see rapid growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to aging population, increase in healthcare access, and rising prevalence of chronic diseases. Major trends in the forecast period include leveraging revised fda regulations for biosimilar drug development, establishing strategic partnerships and collaboration agreements with the large players to expand their research and developments activities in new drug developments, and investing extensively in r&d activities for the development of effective and innovative biosimilars.

Market Overview -
Rituximab biosimilar refers to a chimeric monoclonal antibody that is directed against the immune system's B cell-specific protein CD20. Rituximab kills B cells, making it useful for treating conditions where there are too many, too active, or otherwise abnormal B cells.

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Rising Non-Hodgkin's Lymphoma Cases Drive Demand For Rituximab Biosimilars
The rising prevalence of non-Hodgkin's lymphoma (NHL) is predicted to contribute to the growth of the rituximab biosimilars market. Non-Hodgkin's lymphoma, or lymphoma, is cancer that starts in white blood cells, and lymphocytes that are part of the body's immune system. According to the American Cancer Society, NHL is the most common cancer in the USA, accounting for about 4% of all cancers. In the United States, approximately 81,560 people (45,630 men and 35,930 women) will be diagnosed with NHL in 2021.Thus, growing cases of non-Hodgkin's lymphoma are predicted to generate high demand for rituximab biosimilars over the forecast period.

Competitive Landscape -
Major companies operating in the rituximab biosimilars market report are Teva/Cellitron, Novartis AG, Pfizer, BIOCAD, Shanghai Henlius Biotech Inc., Sandoz, Innovent Biologics Inc., Sinocelltech, Cadila Pharmaceuticals, Hetero Drugs Limited, Dr. Reddy's Laboratories, Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Reliance Life Sciences India, Zenotech Laboratories, NAPP Pharmaceuticals Limited, Mundipharma Deutschland GmbH & Co. KG, Celltrion, Biocad, MABION S.A., Janssen Pharmaceutical, Amgen, Teva Pharmaceuticals, Celltrion Healthcare, Coherus BioSciences, Innovent Biologics, Mylan, Aryogen Biopharma, TR-Pharm, Hikma Pharmaceuticals plc.

Collaborative Innovations In The Biosimilars Industry Are Expanding Access To Rituximab Biosimilars
The companies operating in the biosimilars industry are continuously focusing on new product development in collaboration with other companies operating in the industry. Innovations through partnerships are shaping the market for rituximab biosimilars. For instance, in July 2023, Dr. Reddy's Laboratories collaborated with its partner Fresenius Kabi to commercialize its proposed biosimilar of rituximab in the US. This collaboration aims to bring a biosimilar version of rituximab to the market, providing a more affordable and accessible treatment option for patients. The availability of a biosimilar version of rituximab in the United States can potentially increase access to this important treatment option for patients with various conditions, including rheumatoid arthritis, non-Hodgkin's lymphoma, chronic lymphocytic leukemia, pemphigus vulgaris, granulomatosis with polyangiitis, and microscopic polyangiitis.

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Key Segments -
The rituximab biosimilars market covered in this report is segmented -
1) By Route Of Administration: Subcutaneous, Intravenous, Molecular Type
2) By Application: Non-Hodgkin's Lymphoma, Chronic Lymphocytic Leukemia, Rheumatoid Arthritis, Other Applications
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Mail Order

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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