Press release
Prominent Rituximab Biosimilars Market Trend for 2025: Collaborative Innovations In The Biosimilars Industry Are Expanding Access To Rituximab Biosimilars
Rituximab Biosimilars
The rituximab biosimilars market is anticipated to grow due to the projected increase in non-Hodgkin's lymphoma (NHL) cases. NHL is a cancer that originates in the white blood cells and lymphocytes, which are integral parts of the body's immune system. For example, the American Cancer Society, a cancer advocacy group based in the US, reported in January 2024 that about 80,620 individuals (comprising 44,590 men and 36,030 women) will be diagnosed with non-Hodgkin's lymphoma in 2024. The estimated fatalities are around 20,140 (inclusive of 11,780 men and 8,360 women), and the lifetime risk of acquiring this cancer is approximately 1 in 42 for men and 1 in 52 for women. As a result, the escalating number of NHL cases is expected to create a strong market demand for rituximab biosimilars during the projection timeframe.
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What is the future CAGR of the rituximab biosimilars market, and how will it impact industry expansion?
The market for rituximab biosimilars has seen swift expansion in the past few years. The market is predicted to grow from a value of $3.03 billion in 2024 to $3.47 billion in 2025, representing a compound annual growth rate (CAGR) of 14.8%. The growth observed in the historic period can be attributed to factors such as government policies, heightened healthcare spending, increased expenditure in biopharmaceutical research and development, the affordability of biosimilars, and the rise of emerging markets.
The market for rituximab biosimilars is predicted to experience a significant expansion in the coming years, reaching $5.18 billion in 2029 with a compound annual growth rate (CAGR) of 10.5%. Factors influencing this growth during the projected period include an older population, improved access to healthcare, and a higher incidence of chronic illnesses. The forecast period will also see major trends such as taking advantage of amended FDA regulations for biosimilar drug production, establishing strategic alliances and cooperation agreements with major players to enhance their R&D efforts in new drug discovery, and huge investments in R&D for the creation of effective and groundbreaking biosimilars.
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How are the latest trends influencing the growth of the rituximab biosimilars market?
Firms in the biosimilars sector are consistently striving for innovation in the form of new product development through collaborations with industry peers. Strategic partnerships are influencing the rituximab biosimilars market landscape. To illustrate, in July 2023, a strategic alliance was formed between Dr. Reddy's Laboratories and Fresenius Kabi to bring their proposed rituximab biosimilar to the US market. This joint venture is designed to introduce an affordable and accessible biosimilar version of rituximab, enhancing patient access to this crucial treatment. The introduction of this rituximab biosimilar in the United States could potentially expand its accessibility for patients dealing with various health conditions, including rheumatoid arthritis, non-Hodgkin's lymphoma, chronic lymphocytic leukemia, pemphigus vulgaris, granulomatosis with polyangiitis, and microscopic polyangiitis.
Which key market segments comprise the rituximab biosimilars market and drive its revenue growth?
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
Subsegments:
1) By Subcutaneous: Pre-filled Syringes, Injection Pens
2) By Intravenous: IV Infusion Solutions, IV Push Formulations
3) By Molecular Type: Monoclonal Antibodies, Antibody-Drug Conjugates (ADCs)
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What regions are at the forefront of rituximab biosimilars market expansion?
North America was the largest region in the rituximab biosimilars market in 2024. Middle East is expected to be the fastest-growing region in the rituximab biosimilars market report during the forecast period. The regions covered in the rituximab biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the rituximab biosimilars market?
Major companies operating in the rituximab biosimilars market include Novartis AG, Pfizer, BIOCAD, Shanghai Henlius Biotech Inc., 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, Aryogen Biopharma, TR-Pharm, Hikma Pharmaceuticals plc.
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What Is Covered In The Rituximab Biosimilars Global Market Report?
• Market Size Forecast: Examine the rituximab biosimilars market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the rituximab biosimilars market for a structured understanding.
• Key Players Overview: Analyze major players in the rituximab biosimilars market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the rituximab biosimilars market.
• Segment Contributions: Evaluate how different segments drive overall growth in the rituximab biosimilars market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the rituximab biosimilars market.
• Industry Challenges: Identify potential risks and obstacles affecting the rituximab biosimilars market.
• Competitive Landscape: Review strategic developments in the rituximab biosimilars market, including expansions, agreements, and new product launches.
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