Us Bevacizumab Biosimilar Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Bevacizumab Biosimilar Market was valued at USD 0.70 Billion in 2022 and is projected to reach USD 3.20 Billion by 2030, growing at a CAGR of 20.5% from 2024 to 2030.
The US Bevacizumab Biosimilar Market is experiencing remarkable growth due to the increasing demand for affordable alternatives to expensive biologic therapies. Bevacizumab, a monoclonal antibody used to treat various cancers, is a critical treatment for patients who need options to manage diseases like colon cancer, lung cancer, and more. With the high cost of the original drug, Avastin, patients and healthcare providers are increasingly turning towards biosimilars, which are highly similar but not identical copies of the originator biologic. These biosimilars offer a more cost-effective alternative while maintaining the same therapeutic effect, allowing greater access to life-saving treatments. The approval of biosimilars has revolutionized cancer care in the US. As of now, several biosimilars of Bevacizumab have gained FDA approval, such as Mvasi and Zirabev. Their entry into the market has led to significant savings for both healthcare systems and patients, as biosimilars are often priced 20-30% lower than their reference products. This trend aligns with the growing demand for affordable therapies in the US healthcare system, where the high cost of medications is a major concern. Another key factor contributing to the growth of the Bevacizumab biosimilar market is the increasing number of patents expiring for branded biologics. This patent expiration paves the way for more biosimilars to enter the market, further enhancing competition and lowering prices. Additionally, regulatory frameworks and the widespread adoption of biosimilar medications by healthcare providers have also contributed to the market’s expansion. Biosimilars are expected to continue to see significant adoption as more providers gain confidence in their effectiveness and safety profiles. The US Bevacizumab biosimilar market is anticipated to grow steadily, driven by factors like cost reduction, improved access to treatment, and the increasing number of FDA-approved biosimilars. Furthermore, as more biosimilars become available, patients will benefit from greater treatment options, ultimately leading to better healthcare outcomes. The increasing demand for biologics in cancer care parallels trends seen in the broader pharmaceutical industry, such as in the “100 Gigabit Fiber Optic Transceiver Market,” which showcases the rapid adoption of innovative technologies to meet rising consumer demands. Similarly, Bevacizumab biosimilars offer an innovative solution for cancer treatment, making healthcare more accessible and affordable.
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Pfizer
Allergan
Amgen
Biocon
Reliance lifesciences
Bevacizumab
Beaconpharma
Celgene Corporation
Fujifilm Kyowa Kirin Biologics
Hetero Drugs
Pfizer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bevacizumab Biosimilar Market
Reference Products
Biosimilars
Combination Therapy Products
Recombinant DNA Technology
Monoclonal Antibody Technology
Hybridoma Technology
Colorectal Cancer
Non-Small Cell Lung Cancer (NSCLC)
Breast Cancer
Renal Cell Carcinoma
Ovarian Cancer
Intravenous (IV)
Subcutaneous (SC)
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Oncology Centers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bevacizumab Biosimilar Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bevacizumab Biosimilar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bevacizumab Biosimilar Market, By Type
6. Global Bevacizumab Biosimilar Market, By Application
7. Global Bevacizumab Biosimilar Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bevacizumab Biosimilar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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