Press release
Major Market Shift in Rituxan Hycela, Rituxan Mabthera (Rituximab) Industry: Development Of Biosimilar Anti-CD20 Monoclonal Antibodies For Cost-Effective Treatment Options
Rituxan Hycela, Rituxan Mabthera (Rituximab) Market
The market for rituxan hycela, also known as rituxan mabthera or rituximab, has expanded swiftly over the recent past. Its projected growth is from $2943.97 million in 2024 to $3430.93 million in 2025, with a compound annual growth rate (CAGR) of 16.5%. Factors accounting for this growth in the historic period include a heightened frequency of autoimmune diseases, an increase in cases of non-hodgkin's lymphoma, a rise in the use of biologics, advantageous reimbursement policies, and enhancements in healthcare infrastructure.
Anticipated to experience swift expansion in the coming years, the market for rituxan hycela, rituxan mabthera (rituximab) is projected to balloon to $6274.54 million by 2029, generating a compound annual growth rate (CAGR) of 16.3%. Factors driving growth in this projected period include an aging population, enhanced patient awareness, burgeoning market development, favourable government policies, and a rise in demand for specialised treatments. Throughout the forecast period, notable market trends will be noticeable transformations towards subcutaneous formulations, escalating competition from biosimilars, strategic partnerships among market competitors, a concentration on patient-oriented treatment options, and market enlargement into emerging regions.
What Are the Forces Behind the Rapid Growth of the Rituxan Hycela, Rituxan Mabthera (Rituximab) Market?
The surging cases of autoimmune diseases are projected to fuel the expansion of the rituxan hycela and rituxan mabthera (rituximab) market. Autoimmune diseases comprise situations wherein the body's immune system erroneously attacks cells, tissues, or organs, leading to inflammation and damage. Increased cases of autoimmune diseases are linked to elements such as genetic inclination, environmental instigators, infections, and lifestyle alterations that impact the immune system. Rituximab plays a beneficial role in autoimmune diseases by diminishing inflammation through targeting and eliminating certain immune cells (B-cells) that erroneously assault the body's tissues. For example, in October 2023, a report from the National Health Service England, a non-departmental public entity under the Department of Health and Social Care in the UK, disclosed that the prevalence of diabetes is on the rise. Between 2021 and 2022, in England, the population with type 1 diabetes rose to 270,935. Hence, the escalating occurrences of autoimmune diseases are boosting the growth of the rituxan hycela and rituxan mabthera (rituximab) market.
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Who Are the Dominant Companies Influencing Rituxan Hycela, Rituxan Mabthera (Rituximab) Market Trends?
Major companies operating in the rituxan hycela, rituxan mabthera (rituximab) market include F. Hoffmann-La Roche AG (Genentech Inc.)
What Are the Latest Innovations in the Rituxan Hycela, Rituxan Mabthera (Rituximab) Market?
The prevailing trend in the rituxan hycela, rituxan mabthera (rituximab) market is directed towards the creation of novel biosimilar anti-CD20 monoclonal antibodies. The goal of this approach is to foster more affordable and widely accessible treatment options. Biosimilars for anti-CD20 monoclonal antibodies, like rituximab, are biological medicines modelled to specifically target CD20 on B-cells, providing a more economical solution for patients. For example, in June 2022, RIABNI (rituximab-arrx), a rituxan biosimilar developed by Amgen Inc., a biopharmaceutical company from the US, gained approval by the US Food and Drug Administration (FDA). It's designed for use in combination with methotrexate for treating adults suffering from moderate to severe rheumatoid arthritis (RA) who haven't responded sufficiently to one or more tumor necrosis factor (TNF) antagonist treatments. RIABNI is an anti-CD20 monoclonal antibody and is a biosimilar of rituxan bearing the same amino acid sequence, strength, dosage form, and method of administration as rituxan.
What Are the Different Segmentations in the Rituxan Hycela, Rituxan Mabthera (Rituximab) Market?
The rituxan hycela, rituxan mabthera (rituximab) market covered in this report is segmented -
1) By Type: 10ml, 50ml
2) By Route Of Administration: Subcutaneous, Intravenous, Parenteral
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Others Distribution Channel
4) By Application: Non-Hodgkin Lymphoma, Chronic Lymphocytic Leukemia, Rheumatoid Arthritis, Other Applications
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Which Region Is at the Forefront of the Rituxan Hycela, Rituxan Mabthera (Rituximab) Market?
North America was the largest region in the rituxan hycela, rituxan mabthera (rituximab) market in 2024. The regions covered in the rituxan hycela, rituxan mabthera (rituximab) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Rituxan Hycela, Rituxan Mabthera (Rituximab) Global Market Report?
- Market Size Analysis: Analyze the rituxan hycela, rituxan mabthera (rituximab) Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the rituxan hycela, rituxan mabthera (rituximab) market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall rituxan hycela, rituxan mabthera (rituximab) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the rituxan hycela, rituxan mabthera (rituximab) market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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