Press release
Key Trend Reshaping the Bevacizumab Biosimilars Market in 2025: Advancing Product Innovation In Bevacizumab Biosimilars Market
Bevacizumab Biosimilars
An increasing number of cancer cases is anticipated to fuel the expansion of the bevacizumab biosimilar market in the future. The term cancer incidence refers to the tally of new cancer diagnoses within a certain demographic over a specified timeframe. Bevacizumab is a biologic agent that hinders tumor angiogenesis, resulting in the potential reduction and inhibition of tumor growth and is equivalent to reference biologics in terms of effectiveness and safety when administered to patients suffering from advanced non-small cell lung cancer or metastatic colorectal cancer. For example, in October 2024, the National Health Service of the UK recorded 346,217 new instances of cancer in 2022, working out to an average of 948 cases daily. This figure is a 5% surge compared to the 329,664 diagnoses made in 2021. Cancer diagnoses also registered a 7% increase, escalating from 167,917 to 180,877 in 2022. Therefore, the escalating numbers of cancer cases directly contribute to the growth of the bevacizumab biosimilars market.
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What is the projected compound annual growth rate (CAGR) of the bevacizumab biosimilars market from 2025 to 2034, and what factors influence it?
The market for bevacizumab biosimilars has experienced robust growth in recent times. The market is anticipated to expand from $1.53 billion in 2024 to $1.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. Factors contributing to the growth in the historical era encompass patent expiration, healthcare cost containment, a rising prevalence of cancer, increased market competition, patient access and affordability, and the acceptance of biosimilars.
It is anticipated that the bevacizumab biosimilars market will witness significant expansion in the forthcoming years. It is projected to reach a valuation of $2.27 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this growth during the projection period include increased demand for cancer treatments, skills in biosimilar development, healthcare system burdens, biosimilar regulatory frameworks, and biosimilar interchangeability. Key trends expected during this period are alliances and partnerships, regulatory progress and approvals, biosimilar development and innovation, strategies for market entry, and biosimilar lifecycle management.
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How are the latest trends influencing the growth of the bevacizumab biosimilars market?
The bevacizumab biosimilars market is witnessing a growing trend of product innovation, with top industry leaders focused on developing unique products to consolidate their market standing. Viatris and Biocon Biologics, both US pharmaceutical companies, exemplified this trend in May 2022, when they introduced a biosimilar called Abevmy (bevacizumab), akin to Roche's Avastin (bevacizumab). Boasting approval from Health Canada for use in four oncology indications, Abevmy effectively matches the safety, efficacy, and quality of the reference biologic. This is due to its makeup as a synthesized humanized monoclonal antibody (MA), capable of binding to and neutralizing the biologic action of human vascular endothelial growth factor (VEGF).
What are the major segments of the bevacizumab biosimilars market and their role in driving growth?
The bevacizumab biosimilars market covered in this report is segmented -
1) By Product: Avastin, Mvasi, Zirabev, Aybintio, Other Products
2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Other Distribution Channels
3) By Application: Colorectal Cancer, Non-small Cell Lung Cancer, Glioblastoma, Renal Cell Carcinoma, Cervical Cancer, Ovarian Cancer
Subsegments:
1) By Avastin: Original Avastin Product
2) By Mvasi: Mvasi (Amgen Biosimilar)
3) By Zirabev: Zirabev (Pfizer Biosimilar)
4) By Aybintio: Aybintio (Samsung Bioepis Biosimilar)
5) By Other Products: Additional Bevacizumab Biosimilars
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Which regions are key players in the growth of the bevacizumab biosimilars market?
North America was the largest region in the bevacizumab biosimilars market in 2024. The regions covered in the bevacizumab biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the bevacizumab biosimilars market?
Major companies operating in the bevacizumab biosimilars market include Cipla Limited, Reliance lifesciences Pvt. Ltd., Fujifilm Kyowa Kirin Biologics Co. Ltd., Pfizer Inc., F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Mylan Inc., Daiichi Sankyo Company Limited, Beaconpharma Ltd., Innovent Biologics Inc., STADA Arzneimittel AG, Shanghai Henlius Biotech Inc., Aurobindo Pharma Ltd., Dr. Reddy's Laboratories Ltd., Biocon Ltd., Intas Pharmaceuticals Ltd., Amneal Pharmaceuticals LLC, Samsung Bioepis Co. Ltd., Celltrion Inc., Coherus BioSciences Inc., Hetero Drugs Ltd., Apotex Inc., BioXpress Therapeutics SA, mAbxience SA
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What Is Covered In The Bevacizumab Biosimilars Global Market Report?
• Market Size Forecast: Examine the bevacizumab biosimilars market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the bevacizumab biosimilars market for a structured understanding.
• Key Players Overview: Analyze major players in the bevacizumab biosimilars market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bevacizumab biosimilars market.
• Segment Contributions: Evaluate how different segments drive overall growth in the bevacizumab biosimilars market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bevacizumab biosimilars market.
• Industry Challenges: Identify potential risks and obstacles affecting the bevacizumab biosimilars market.
• Competitive Landscape: Review strategic developments in the bevacizumab biosimilars market, including expansions, agreements, and new product launches.
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