Bevacizumab Market to Observe Prominent CAGR in the 9.20% by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

Data Bridge Market Research analyses that the market, which was USD 6,679.14 million in 2022, would rocket up to USD 12,967.08 million by 2030 and is expected to undergo a CAGR of 9.20% during the forecast period. "Cancer" dominates the disease segment of the bevacizumab market owing to the growing demand for bevacizumab to treat cancer. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition:

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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Some of the major 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.), Dr. Reddy's Laboratories Ltd (India), Eli Lilly and Company (India), BioXpress Therapeutics (Switzerland), Teva Pharmaceutical industries Ltd. (Isarel), CELLTRION INC. (South Korea), mAbxience (Switzerland), Samsung Bioepis (China), FUJIFILM KYOWA KIRIN BIOLOGICS Co., Ltd. (Japan), Hetero Drugs (U.S.), AryoGen Pharmed (Iran) and Zydus Cadila (India)

Competitive Landscape and Global Bevacizumab Market Share Analysis:

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

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