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Avastin (Bevacizumab) Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Avastin (Bevacizumab) Market Growth
What Is the Avastin (Bevacizumab) Market Size and Projected Growth Rate?
In recent times, the market size for avastin (bevacizumab) has seen significant growth. Its growth is projected to continue from $7,251.35 million in 2024 to $7,819.19 million in 2025 with a compound annual growth rate (CAGR) of 7.8%. Factors such as regulatory approvals, a rise in cancer cases, clinician adoption, expansion of indication approvals and the establishment of reimbursement policies contribute to the growth experienced during the historic period.
Over the coming years, the market for avastin (bevacizumab) is projected to experience robust growth, expanding to a value of $10,488.97 million by 2029, with a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast period can be linked to several factors such as heightened awareness, enhanced early detection, the presence of biosimilar competitors, the expansion of personalized medicine, increasing healthcare accessibility, and a heightened focus on precision medicine. Key trends expected during this forecast timeframe include the growing use of combination therapies, a shift in preference towards outpatient care, the emergence of patient-oriented treatment models, the rising acceptance of targeted therapies, and ongoing product innovation.
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What Are the Major Segments in the Avastin (Bevacizumab) Market?
The avastin (bevacizumab) market covered in this report is segmented -
1) By Dosage: 100 Mg; 400 Mg
2) By Application: Non Squamous Non-Small Cell Lung Cancer; Recurrent Glioblastoma; Cervical Cancer; Colorectal Cell Cancer; Ovarian Cancer; Proliferative Diabetic Retinopathy; Malignant Glioma; Neurofibromatosis; Pancreatic Cancer; Other Applications
3) By Distribution channel: Direct Tender; Hospital Pharmacy; Retail Pharmacy; Online Pharmacy; Other Distribution Channels
4) By End User: Hospitals; Cancer Supportive Centers; Home Healthcare; Academic And Research Institutes; Other End Users
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What Are The Driving Avastin (Bevacizumab) Market Evolution?
The expected increase in cancer cases is set to stimulate the expansion of the avastin (bevacizumab) market. Cancer is a collective term referring to diseases distinguished by the unregulated growth and spread of abnormal cells throughout the body. The escalating occurrences of cancer can be attributed to aging demographics, shifts in lifestyle, and enhanced detection techniques. Avastin works to combat cancer by interfering with VEGF, thereby obstructing the development of blood vessels that deliver oxygen and nutrients to tumors, effectively causing them to starve. For example, data from the American Cancer Society, a voluntary health organization in the US, predicts that in 2022, about 1.9 million new cancer cases and approximately 609,360 cancer-related deaths are expected in the USA. That's roughly 1,670 deaths per day. Hence, the rise in cancer incidences is propelling the growth of the avastin (bevacizumab) market. The Impact of Escalating Healthcare Costs on Avastin (Bevacizumab) Market Growth
Which Firms Dominate The Avastin (Bevacizumab) Market Segments?
Major companies operating in the avastin (bevacizumab) market include Roche Holding AG
What Trends Are Expected to Dominate the Adlyxin (Lyxumia) Market in the Next 5 Years?
The primary trend in the avastin (bevacizumab) market is concentrating on the production of biosimilars to offer cost-effective alternatives and broaden the reach of cancer treatments. Biosimilars of avastin are biological drugs that bear a strong similarity in structure, function, and impact to avastin (bevacizumab), a type of monoclonal antibody mainly employed in the treatment of various forms of cancer. This approach is revolutionizing cancer care by enhancing the availability of effective treatments, particularly in healthcare settings where resources are limited. For example, Amneal Pharmaceuticals Inc., a US pharmaceutical corporation, introduced ALYMSYS (bevacizumab-maly), a biosimilar of Avastin, in the United States in October 2022. This vascular endothelial growth factor (VEGF) inhibitor is utilized in oncology and is indicated for several types of cancers, including metastatic colorectal cancer, non-squamous non-small cell lung cancer, recurrent glioblastoma, renal cell carcinoma, and various gynecologic cancers.
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Which Is The Largest Region In The Avastin (Bevacizumab) Market?
North America was the largest region in the avastin (bevacizumab) market in 2024. The regions covered in the avastin (bevacizumab) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Avastin (Bevacizumab) Market?
2. What is the CAGR expected in the Avastin (Bevacizumab) Market?
3. What Are the Key Innovations Transforming the Avastin (Bevacizumab) Industry?
4. Which Region Is Leading the Avastin (Bevacizumab) Market?
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