#US Biosimilar Market

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Biosimilars Unleashed: The Future of Healthcare in the US

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What is the Size of US Biosimilar Industry?

US Biosimilar Market is expected to grow at a CAGR of ~ % between 2017-2022 and is expected to reach ~USD Bn by 2028. Biosimilars enhance patient access to essential treatments, especially in therapies with high demand, like oncology, by providing more affordable options. Additionally, Growing evidence of biosimilars' comparable efficacy and safety fosters trust among healthcare professionals, driving adoption.

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Biosimilars offer cost savings compared to originator biologics, addressing the need for affordable healthcare solutions in the face of rising medical costs. Favorable regulatory frameworks, like the BPCIA, streamline biosimilar approval processes, encouraging manufacturers to invest in development.

Furthermore, The expiration of patents for numerous reference biologics creates opportunities for biosimilar entry, leading to increased competition and market expansion. Pharmaceutical companies are investing in biosimilar R&D and production, expanding the pipeline and market availability. Supportive healthcare policies and reimbursement models incentivize biosimilar adoption, creating a favorable environment for market growth.

US Biosimilar Market by drug class

The US Biosimilar market is segmented by Monoclonal Antibodies, Recombinant Hormones, Immunomodulators, Anti-inflammatory agents and Others. Based on drug class, Monoclonal Antibodies segment dominates the bio similar market in 2022.

Monoclonal antibodies have diverse applications across various therapeutic areas. From cancer treatment to autoimmune diseases, biosimilar Mabs addressed a wide range of medical needs, leading to a broad and growing market. Biosimilars, with their potential for cost savings while maintaining comparable efficacy and safety, gained significant attention as viable alternatives.

US Biosimilar Market by application

In US Biosimilar market, they are segmented by application into Oncology, Blood disorders, Chronic diseases and autoimmune conditions and Others. On the basis of application, Oncology segment was the dominant in 2022.

The increasing prevalence of cancer and the high cost of traditional biologics used in oncology treatment have created a strong incentive for the adoption of biosimilars. Biosimilars offer the potential to provide similar therapeutic outcomes at a lower cost, making them an attractive option for both healthcare providers and patients.

Additionally, the rigorous clinical trials and regulatory processes that biosimilars undergo to gain approval provide reassurance to healthcare professionals and patients regarding their safety and efficacy. This has led to increased acceptance and adoption of biosimilars in oncology.

US Biosimilar by Region

The US Biosimilar market is segmented by Region into North, East, West and South. In 2022, the dominance region is North region in US Biosimilar market.

The North region benefits from a concentration of healthcare providers and academic institutions that are at the forefront of adopting and integrating biosimilars into their treatment protocols. These institutions are more likely to have the expertise to evaluate and incorporate biosimilars effectively, driving their adoption among healthcare professionals and patients.

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Competition Scenario in US Biosimilar Market

The US biosimilar market has witnessed an evolving competitive landscape, with several key players competing for market share. Prominent pharmaceutical companies such as Amgen, Pfizer, Sandoz (Novartis), and Boehringer Ingelheim have been actively involved in developing and marketing biosimilar products. These established players have utilized their expertise in biologics and significant resources to navigate the regulatory landscape and compete effectively.

The competition in the US biosimilar market is characterized by a balance between established pharmaceutical giants and emerging biotech companies. While the major players possess the advantage of resources and experience, smaller biotech firms are also contributing to the market with innovative approaches and niche biosimilar offerings.

What is the Expected Future Outlook for the Overall US Biosimilar Market?

The US Biosimilar market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022- 2028. The US biosimilar market is likely to experience significant growth in the coming years, driven by several factors. Biosimilars are biologic drugs that are highly similar to already approved reference biologics. They offer potential cost savings, increased competition, and improved patient access to crucial treatments.

Firstly, the regulatory environment is becoming more favorable for biosimilars. The Biologics Price Competition and Innovation Act (BPCIA) established a pathway for biosimilar approval in the US, allowing for a smoother regulatory process. As more biosimilars receive approval, competition in the market is expected to intensify.

Secondly, patents for several blockbuster biologics are expiring or have already expired. This creates opportunities for biosimilar manufacturers to enter the market with more affordable alternatives, offering healthcare systems and patients a choice in treatment options.

Thirdly, as healthcare costs continue to rise, biosimilars present an attractive solution for reducing expenses. Their potential to offer cost savings without compromising therapeutic efficacy could lead to increased adoption by healthcare providers, insurers, and patients alike.

Physician and patient education are crucial, as misconceptions about biosimilars' safety and effectiveness might hinder their adoption. Additionally, legal and market access barriers, including patent litigation and complex distribution systems, could slow down the growth of the biosimilar market.

The biosimilar market witness consolidation as larger pharmaceutical companies acquire or partner with smaller biotech firms to bolster their biosimilar portfolios. This will lead to more resources being devoted to biosimilar development and marketing. Changes in healthcare policies, such as reimbursement models and value-based care initiatives, can influence the biosimilar market's growth. Favourable policies that incentivize biosimilar adoption drives their market growth.

[healthcare-skyquest]

Biosimilars Market: Driving Affordable Healthcare Solutions

The Biosimilars market has become a significant player in modern healthcare, offering cost-effective alternatives to biologics. As the demand for affordable therapeutic options rises, the market for biosimilars is gaining substantial momentum. This article delves into the market trends, segmentation, growth drivers, and leading companies in the biosimilars industry, providing crucial insights for decision-makers.

Market Overview

According to SkyQuest's Biosimilars Market report, the global market is currently valued at USD 27.30 billion in 2023, with a projected CAGR of 16.4% over the forecast period. The market's expansion is fueled by patent expirations of key biologics, increasing prevalence of chronic diseases, and a growing emphasis on cost-efficient healthcare solutions.

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Market Segmentation

By Product Type:

Recombinant Non-Glycosylated Proteins: Used in the treatment of diseases such as diabetes and cancer.

Recombinant Glycosylated Proteins: Common in oncology and autoimmune disease therapies.

Peptides: An emerging class used for metabolic diseases and cancer treatment.

By Application:

Oncology: High demand for biosimilars due to the rising incidence of cancers and the need for affordable treatments.

Chronic Diseases: Biosimilars for diabetes, arthritis, and cardiovascular diseases are critical for cost-effective long-term care.

Autoimmune Diseases: Increasing prevalence of conditions like rheumatoid arthritis and multiple sclerosis is driving the demand for biosimilars.

Infectious Diseases: Expansion of biosimilars in this sector due to the global burden of infections.

By Manufacturing Type:

In-House Manufacturing: Pharmaceutical companies developing their own biosimilars to maintain control over production.

Contract Manufacturing: Outsourcing production to specialized third-party manufacturers for efficiency and scalability.

By End-User:

Hospitals and Clinics: Major centers for biosimilars administration.

Pharmaceutical Companies: Driving the production and distribution of biosimilars.

Research Institutes: Key players in the innovation and clinical trials of biosimilars.

Key Growth Drivers

Patent Expirations of Biologics: As patents for major biologic drugs expire, the market opens up for biosimilar development.

Rising Healthcare Costs: Increasing demand for cost-effective alternatives to expensive biologic therapies.

Chronic Disease Prevalence: Growing rates of cancer, diabetes, and autoimmune diseases are spurring demand for biosimilars.

Government Initiatives: Regulatory frameworks supporting the approval and adoption of biosimilars.

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Leading Companies in the Market

SkyQuest’s Biosimilars Market report highlights key players driving innovation and expansion, including:

Pfizer Inc.

Novartis AG (Sandoz)

Amgen Inc.

Samsung Bioepis

Biocon

Celltrion Healthcare

Teva Pharmaceuticals

Mylan N.V.

Fresenius Kabi

Hoffmann-La Roche Ltd

Challenges and Opportunities

The biosimilars market faces hurdles such as complex manufacturing processes and regulatory challenges. However, the growing acceptance of biosimilars by healthcare providers, coupled with increasing investments in biosimilar R&D, presents significant opportunities for market players to innovate and expand.

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Future Outlook

As healthcare systems worldwide strive to reduce costs without compromising care quality, the biosimilars market is poised for strong growth. Companies that prioritize technological advancements, navigate regulatory frameworks efficiently, and focus on patient access will thrive in this evolving market.

The biosimilars market is shaping the future of affordable healthcare. With increasing demand for cost-effective treatments, decision-makers must keep pace with the trends and opportunities in this dynamic sector. For more comprehensive insights and strategic recommendations, consult SkyQuest’s in-depth Biosimilars Market report.

[chemxpert]

The Importance of Biosimilars in Pharma Research

With biologics commanding high prices, biosimilars play a crucial role in making treatments more accessible. The introduction of biosimilars into the US pharmaceuticals market allows pharmaceutical companies in the USA to provide competitive pricing, increasing accessibility for patients and reducing healthcare costs.

[health-views-updates]

The Next Decade of the Pharmaceutical Filtration Market: Trends and Predictions

The global pharmaceutical filtration market is on track for impressive growth, with the market size projected to increase from USD 16.4 billion in 2023 to USD 43.9 billion by 2032. This growth, at a compound annual growth rate (CAGR) of 11.56% during the forecast period from 2024 to 2032, is driven by increasing demand for efficient filtration processes in drug manufacturing and rising investments in pharmaceutical R&D.

Pharmaceutical filtration refers to the process of separating contaminants such as particulate matter, microorganisms, and other impurities from drug products, raw materials, and liquids during pharmaceutical manufacturing. It is a critical step to ensure the purity, quality, and safety of pharmaceutical products, which include vaccines, biologics, and small-molecule drugs.

Key Market Drivers

Surge in Biopharmaceutical Production: The rapid expansion of the biopharmaceutical industry, including the development of monoclonal antibodies, gene therapies, and vaccines, is a key driver for the pharmaceutical filtration market. Filtration processes play a crucial role in purifying biologics, ensuring they meet regulatory standards for sterility and safety. As the demand for biopharmaceuticals grows, so does the need for advanced filtration technologies that can handle complex biological products.

Rising Focus on Drug Quality and Safety: Increasing regulatory scrutiny and stringent guidelines from agencies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have intensified the focus on drug quality, safety, and purity. Pharmaceutical filtration is essential in meeting these regulatory requirements, minimizing the risk of contamination, and ensuring compliance with Good Manufacturing Practices (GMP). This is particularly crucial for injectable drugs, where any contamination can have severe consequences.

Growth in Vaccine and Biosimilar Development: The global emphasis on vaccine production, driven by the COVID-19 pandemic and other emerging health threats, has heightened the demand for pharmaceutical filtration. Filtration systems are vital in the manufacturing of vaccines, ensuring the removal of unwanted particles and ensuring sterility. Additionally, the growing biosimilar market, which offers more affordable alternatives to biologics, is further boosting the demand for filtration technologies as these products require stringent purification processes.

Technological Advancements in Filtration Systems: Innovations in filtration technologies, such as membrane filtration, depth filtration, and microfiltration, have significantly improved the efficiency and precision of the filtration process. These advanced systems offer higher filtration capacities, faster processing times, and better scalability, making them indispensable in modern pharmaceutical manufacturing. As technology continues to evolve, it will drive the adoption of more efficient and cost-effective filtration solutions across the industry.

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Challenges and Opportunities

While the pharmaceutical filtration market presents significant growth opportunities, it is not without challenges. The high cost of advanced filtration equipment and consumables can be a barrier for smaller pharmaceutical companies, particularly in developing regions. Additionally, the complex nature of biologics requires specialized filtration systems, which can increase production costs.

However, ongoing investments in research and development are expected to address these challenges. Continuous improvements in filtration technology, such as single-use systems and automated filtration processes, offer promising solutions to reduce costs and improve operational efficiency. Moreover, partnerships between pharmaceutical companies and filtration technology providers are likely to drive further innovation in the market.

Regional Insights

North America currently holds the largest share of the pharmaceutical filtration market, driven by a robust pharmaceutical and biopharmaceutical industry, advanced healthcare infrastructure, and strong regulatory frameworks. Europe follows closely, with significant investments in research and stringent regulations driving the need for high-quality filtration solutions.

The Asia-Pacific region is expected to witness the highest growth during the forecast period. The expansion of pharmaceutical manufacturing capabilities in countries such as China, India, and South Korea, combined with rising investments in R&D and a growing focus on healthcare, is propelling the demand for pharmaceutical filtration systems. Additionally, increasing awareness of drug safety and quality standards is boosting the adoption of advanced filtration technologies in these regions.

Future Outlook

As the pharmaceutical industry continues to innovate and expand, the demand for efficient filtration technologies is set to rise. The pharmaceutical filtration market is poised to benefit from the increasing complexity of drug products, particularly biologics and biosimilars, which require highly specialized purification processes. Furthermore, the ongoing advancements in filtration technologies will continue to drive growth, offering new opportunities for market expansion.

In conclusion, the pharmaceutical filtration market is expected to experience robust growth over the next decade, with a projected market value of USD 43.9 billion by 2032. As regulatory requirements become more stringent and the demand for high-quality drug products increases, pharmaceutical filtration technologies will remain a critical component of the drug manufacturing process, ensuring safety, purity, and compliance.

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[ravinderimarc]

The global oncology biosimilars market has grown to $4.7 Billion in 2023 and is set to reach $30.3 Billion by 2032, with a robust CAGR of 22.3%. This marks a major advancement in affordable cancer treatments.

[communicationblogs]

Tumor Necrosis Factor Inhibitor Drugs Market — Forecast(2024–2030)

Tumor Necrosis Factor (TNF) Inhibitor Drugs Market size was valued at USD 248.8 Billion in 2023 and is projected to reach USD 13019.65 Billion by 2030, growing at a CAGR of 0.64% during the forecast period 2024–2031.

Market Drivers

Rising Prevalence of Autoimmune Diseases: The demand for TNF inhibitor drugs is growing due to the increasing incidence of autoimmune conditions such as psoriasis, Crohn’s disease, ankylosing spondylitis, and rheumatoid arthritis. These drugs help manage symptoms, reduce inflammation, and slow disease progression in affected individuals.

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Aging Population: The global aging population is more susceptible to autoimmune and chronic inflammatory diseases, boosting the need for TNF inhibitor therapies. As the population continues to age, the prevalence of these conditions is expected to rise, driving greater demand for TNF inhibitors.

Broadened Indications and Treatment Options: TNF inhibitors are being prescribed for an expanding range of inflammatory and immune-mediated disorders beyond rheumatoid arthritis and inflammatory bowel disease. This includes conditions like ulcerative colitis, juvenile idiopathic arthritis, and psoriatic arthritis, which contributes to increased adoption and market growth.

Effective Disease Management: TNF inhibitors have proven effective in alleviating symptoms, improving quality of life, and preventing joint damage in autoimmune disease patients. Their ability to manage chronic conditions and reduce inflammation addresses significant unmet medical needs.

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Advancements in Biotechnology and Drug Development: Innovations in immunology, molecular biology, and biotechnology are leading to the development of new TNF inhibitors with better tolerance, safety, and efficacy profiles. Additionally, the introduction of biosimilar TNF inhibitors provides more affordable treatment options, enhancing patient access.

Patient Preference for Biologic Therapies: Many patients favor biologic therapies, including TNF inhibitors, over traditional disease-modifying antirheumatic drugs (DMARDs) due to their targeted action, longer dosing intervals, and potential for improved outcomes. This preference fuels the market demand.

Increased Healthcare Expenditure: Rising healthcare spending, particularly in developed countries, facilitates access to TNF inhibitor medications. Government healthcare programs, private insurance, and reimbursement policies help make these treatments more affordable and accessible, supporting market growth.

Support from Clinical Guidelines and Evidence: Strong clinical data and treatment guidelines reinforce the use of TNF inhibitors, boosting physician confidence and patient acceptance. Evidence-based recommendations guide the adoption and prescribing practices of these therapies.

Advances in Personalized Medicine: Developments in pharmacogenomics and personalized medicine allow for customized treatment plans based on individual patient needs, condition severity, and therapy response. This personalization enhances treatment efficacy and patient satisfaction, driving market demand.

Market Restraints

High Treatment Costs: TNF inhibitors are often expensive, which can be a barrier to access for patients, healthcare systems, and payers, especially in regions with limited healthcare resources or inadequate insurance coverage. The high cost may lead to underutilization of these therapies.

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Safety Concerns and Side Effects: Despite their effectiveness, TNF inhibitors can be associated with risks such as infections, cancer, infusion reactions, and other side effects. Safety concerns may deter both patients and healthcare providers from initiating or continuing treatment, particularly in high-risk groups.

Immunogenicity and Loss of Response: Over time, patients may develop antibodies against TNF inhibitors, leading to treatment failure and reduced efficacy. This immunogenicity can necessitate dose adjustments, alternative therapies, or combination treatments to maintain disease control.

Limited Efficacy in Certain Populations: TNF inhibitors may be less effective in patients with severe or treatment-resistant diseases, those with concurrent health conditions, or individuals with specific genetic profiles. Limited response in these populations can impact the perceived value of these therapies.

Availability of Alternative Therapies: The presence of alternative treatments, including non-pharmacological options, tailored synthetic DMARDs, and other biologic drugs, can pose competition to TNF inhibitors. This competition may affect their market share and acceptance.

Regulatory and Reimbursement Challenges: Various regulatory hurdles, market access barriers, and reimbursement constraints can restrict patient access to TNF inhibitors. Delays in payer policies, formulary restrictions, and regulatory approvals may hinder market penetration.

Impact of Patent Expirations and Biosimilar Competition: As patents for branded TNF inhibitors expire, biosimilars enter the market, increasing competition and driving down prices. This competition can affect the pricing, profitability, and market share of original TNF inhibitor products.

Chronic Nature of Autoimmune Disorders: Autoimmune disorders treated with TNF inhibitors require long-term management, which can be challenging for patients. Continuous treatment adherence, regular monitoring, and follow-up are necessary, which can impact patient compliance and healthcare resource utilization.

Challenges with Drug Administration: TNF inhibitors are often administered intravenously or via subcutaneous injection, which can be uncomfortable and logistically challenging for patients. Issues like injection site reactions, complex dosing schedules, and the need for medical resources can affect treatment adherence and patient satisfaction.

Market Segmentation

The Global TNF Inhibitor Drugs Market is segmented based on:

Drug Type: Includes monoclonal antibodies, recombinant proteins, and biosimilars.

Application: Encompasses rheumatoid arthritis, psoriasis, inflammatory bowel disease, ankylosing spondylitis, juvenile idiopathic arthritis, and other inflammatory and immune-mediated conditions.

Distribution Channel: Comprises hospital pharmacies, retail pharmacies, online pharmacies, and specialty pharmacies.

Geography: Covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

[adoctorx]

Kisunla (donanemab-azbt) is a prescription drug that’s used to treat Alzheimer’s disease. Kisunla’s cost may depend on factors such as your dosage, the pharmacy you use, and whether you have health insurance. Note: As a person’s condition progresses, they may need help reading or understanding certain information about their treatment plan. This article contains details that may help caregivers learn more about Kisunla’s cost. How much does Kisunla cost? The price you pay for Kisunla can vary. Your cost may depend on your treatment plan, the pharmacy you use, and your insurance coverage (if you have it). Kisunla is given as an intravenous (IV) infusion (an injection into your vein over a period of time) by a healthcare professional. So, your cost may also depend on how much you have to pay to receive Kisunla at an infusion center or your doctor’s office. To find out how much you’ll pay for Kisunla, talk with your doctor or insurance provider. Is Kisunla available as a generic or biosimilar? Kisunla is a biologic drug, which means it’s made from parts of living organisms. It doesn’t come in a biosimilar form. Biosimilars are like generic drugs. But unlike generics, which are made for nonbiologic drugs, biosimilars are made for biologic drugs. Why is there such a cost difference between biologic drugs and biosimilar drugs? Biologic drugs can be expensive because of the research and testing needed to ensure their safety and effectiveness. The manufacturer of a biologic drug can sell it exclusively for up to 12 years. When the biologic drug’s patent expires, other drugmakers can create biosimilar versions. This competition in the market may lead to lower costs for biosimilars. And because biosimilars are very similar to biologic drugs, they don’t need to be studied again. This can also lead to lower costs for biosimilars. Can I get help paying for Kisunla? If you need help covering the cost of Kisunla or understanding your insurance, check out these resources: Lilly Support Services NeedyMeds prescription discount programs On these pages, you can find insurance information, details on drug assistance programs, and links to savings cards and other services. If you have questions about how to pay for your prescription, talk with your doctor or pharmacist. Prior authorization If you have insurance, you may need to get prior authorization before your insurance provider will cover Kisunla. This means your insurer and your doctor will discuss Kisunla in regard to your treatment. Then, the insurance company will determine whether the drug is covered. If Kisunla requires prior authorization and you don’t receive it before you start treatment, you could pay the full cost of the drug. Be sure to ask your insurance company whether Kisunla requires prior authorization. Disclaimer: Healthline has made every effort to make certain that all information is factually correct, comprehensive, and up to date. However, this article should not be used as a substitute for the knowledge and expertise of a licensed healthcare professional. You should always consult your doctor or another healthcare professional before taking any medication. The drug information contained herein is subject to change and is not intended to cover all possible uses, directions, precautions, warnings, drug interactions, allergic reactions, or adverse effects. The absence of warnings or other information for a given drug does not indicate that the drug or drug combination is safe, effective, or appropriate for all patients or all specific uses. Hey there, little buddy! So, you know how sometimes people get really sick and need medicine to make them feel better? Well, Kisunla is a special medicine that helps people with Alzheimer's disease. It's a bit like a doctor's helper that makes it easier for them to think and remember things. Now, let's talk about how much Kisunla costs. It's like when you buy toys or

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[tmr-blogs2]

Exploring the Recombinant Chemicals Market: Innovations Shaping the Future

The Recombinant Chemicals Market represents a significant subset of the broader biotechnology and chemical sectors. Recombinant chemicals are produced through genetic engineering techniques, which allow for the precise manipulation of microbial, plant, or animal cells to produce desired chemical compounds. These chemicals have wide applications in pharmaceuticals, agriculture, industrial processes, and research, providing solutions that are more efficient, cost-effective, and sustainable compared to traditional chemical production methods.

The global recombinant chemicals market, valued at US$ 2.9 billion in 2023, is projected to grow at a CAGR of 7.8% from 2024 to 2034. By the end of 2034, the market is expected to reach US$ 6.7 billion, driven by advancements in biotechnology and increasing demand across various industries.

 This growth is fueled by the rising need for biopharmaceuticals, green chemicals, and bio-based industrial products. The pharmaceutical sector remains the largest end-user of recombinant chemicals, especially in the production of proteins, enzymes, and other bioactive compounds. Additionally, the agricultural sector is witnessing increased adoption of recombinant chemicals in the development of bio fertilizers and pesticides.

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Market Segmentation

The recombinant chemicals market can be segmented based on various factors:

By Service Type:

Contract Research Services

Manufacturing Services

Custom Synthesis Services

By Sourcing Type:

In-house Production

Outsourced Production

By Application:

Pharmaceuticals

Agriculture

Industrial Enzymes

Cosmetics

Food and Beverages

By Industry Vertical:

Healthcare

Agriculture

Chemical

Biotechnology

Food Processing

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis

North America: Leading the market due to well-established biotechnology and pharmaceutical industries, as well as heavy investment in R&D for recombinant chemical production.

Europe: The second-largest market, driven by increasing demand for sustainable and bio-based chemicals, as well as stringent regulations on chemical production.

Asia-Pacific: Expected to witness the highest growth during the forecast period due to expanding pharmaceutical and agricultural industries in countries like China and India, along with supportive government initiatives.

Latin America and the Middle East & Africa: These regions are also gaining traction as key markets for recombinant chemicals due to the growing demand for agricultural chemicals and biopharmaceuticals.

Market Drivers and Challenges

Drivers:

Technological Advancements: Continuous innovation in genetic engineering and fermentation technologies is expanding the capabilities of recombinant chemical production.

Sustainability: Recombinant chemicals offer a more environmentally friendly alternative to traditional petrochemical-based products, driving demand in industries focused on sustainability.

Rising Demand for Biopharmaceuticals: The growing need for advanced drugs, including biosimilars, monoclonal antibodies, and vaccines, is fueling demand for recombinant chemicals.

Challenges:

High Production Costs: The initial investment required for setting up recombinant chemical production facilities is high, which may limit market penetration, especially in developing regions.

Regulatory Hurdles: Complex regulatory frameworks, particularly in the pharmaceutical and agricultural sectors, can slow down the commercialization of recombinant chemicals.

Technical Limitations: The scalability of production processes and achieving consistency in yield and purity remain key challenges.

Market Trends

Shift Towards Green Chemicals: With increasing environmental regulations, there is a clear shift toward the development and adoption of bio-based recombinant chemicals.

Expanding Applications: Recombinant chemicals are finding new applications in sectors like food processing, cosmetics, and industrial enzymes, driven by their versatility and efficiency.

Collaborations and Partnerships: Companies are increasingly forming partnerships with research institutions and contract manufacturing organizations (CMOs) to enhance production capabilities and streamline R&D processes.

Future Outlook

The future of the recombinant chemicals market looks promising, with expected breakthroughs in gene editing technologies like CRISPR and the expanding use of synthetic biology. The ongoing shift toward personalized medicine and bio-based solutions in various industries will further drive demand for recombinant chemicals. The market is poised to witness significant investments in R&D and infrastructure development, particularly in the Asia-Pacific and European regions.

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Key Market Study Points

Analysis of recombinant chemical applications across diverse industries.

Regional market dynamics and their impact on growth projections.

Competitive landscape analysis, focusing on key players and their strategies.

Technological advancements and their role in shaping the market’s future.

Evaluation of the sustainability of recombinant chemical production methods.

Competitive Landscape

The recombinant chemicals market is highly competitive, with key players focusing on innovation, product differentiation, and strategic collaborations. Major players include:

BASF SE

Merck KGaA

Lonza Group

Evonik Industries AG

Genentech, Inc.

These companies are investing in advanced biotechnologies and expanding their recombinant chemical portfolios through mergers, acquisitions, and partnerships with smaller firms or research institutions.

Recent Developments

Mergers and Acquisitions: Several key players have recently acquired smaller biotech firms to strengthen their recombinant chemical capabilities.

Technological Advancements: New methods of gene editing and fermentation are being developed, allowing for more efficient and cost-effective production of recombinant chemicals.

Regulatory Approvals: Recent regulatory approvals for new recombinant-based drugs and chemicals have opened new avenues for market growth, particularly in pharmaceuticals and agriculture.

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The Erythropoietin (EPO) drug Market is poised for substantial growth, with its market size projected to expand from USD 11,728.5 million in 2024 to USD 24,205.87 million by 2032, reflecting a compound annual growth rate (CAGR) of 9.48%.The global erythropoietin (EPO) drugs market has experienced significant growth in recent years, driven by an increasing prevalence of anemia, particularly among patients with chronic kidney disease (CKD), cancer, and HIV. Erythropoietin, a glycoprotein hormone produced by the kidneys, plays a crucial role in the production of red blood cells (erythropoiesis). The synthetic forms of erythropoietin, known as erythropoiesis-stimulating agents (ESAs), are commonly used to treat anemia by stimulating the bone marrow to produce more red blood cells.

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Market Dynamics

The erythropoietin drugs market is primarily driven by the rising incidence of chronic diseases such as CKD and cancer. Anemia is a common complication in these diseases, leading to a growing demand for EPO drugs. According to the World Health Organization (WHO), anemia affects approximately 1.62 billion people globally, with iron deficiency anemia being the most prevalent type. This high prevalence, coupled with the increasing number of patients undergoing dialysis, chemotherapy, and antiretroviral therapy, is fueling the demand for EPO drugs.

The market is further bolstered by the growing geriatric population, which is more susceptible to chronic diseases and anemia. Additionally, advancements in biotechnology have led to the development of newer, more effective EPO formulations, enhancing treatment outcomes and expanding the market.

Regional Analysis

The erythropoietin drugs market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

- North America: This region dominates the global market due to the high prevalence of CKD, well-established healthcare infrastructure, and the presence of major pharmaceutical companies. The U.S. is the largest market within this region, driven by a high rate of dialysis procedures and an aging population. - Europe: The market in Europe is also significant, with countries like Germany, the UK, and France leading due to their advanced healthcare systems and the widespread adoption of biosimilars.

- Asia-Pacific: This region is expected to witness the highest growth rate during the forecast period, attributed to a large patient population, increasing healthcare spending, and growing awareness about anemia management.

- Latin America and the Middle East & Africa: These regions are gradually emerging as potential markets due to improving healthcare infrastructure and increasing access to medical treatments.

Challenges and Opportunities

Despite the positive growth outlook, the erythropoietin drugs market faces several challenges. The high cost of biologics, side effects associated with EPO drugs, and stringent regulatory requirements are some of the key barriers to market growth. Additionally, the emergence of biosimilars poses competition to established biologics, potentially leading to price wars and reduced profit margins for manufacturers.

However, the market also presents significant opportunities. The development of next-generation EPO drugs with improved efficacy and safety profiles, coupled with the expanding applications of these drugs beyond anemia, could drive future growth. Moreover, the increasing focus on personalized medicine and targeted therapies is expected to open new avenues in the erythropoietin drugs market.

Key Player Analysis:

Amgen Inc.

Johnson & Johnson

F. Hoffmann-La Roche Ltd.

Pfizer Inc.

Novartis AG

Biocon Limited

Teva Pharmaceutical Industries Ltd.

Dr. Reddy’s Laboratories Ltd.

LG Life Sciences Ltd.

Wockhardt Ltd.

Segmentation:

by Drug Type 

Biologics

Biosimilars

by Product Type

Epoetin-alfa

Epoetin-beta

Darbepoetin-alfa

Others

by Application

Haematology

Kidney Disorder

Cancer

Others

by End User

Hospitals

Homecare

Specialty Clinics

Others

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[shubhampawrainfinium]

Prefilled Syringes: A Game-Changer for Drug Delivery

Introduction

The Prefilled Syringes Market is experiencing rapid growth as healthcare providers and patients increasingly prefer prefilled syringes over traditional vial-and-syringe methods. Prefilled syringes offer convenience, accuracy, and safety, reducing the risk of dosing errors and contamination. They are used for a variety of therapeutic applications, including vaccines, biologics, and anticoagulants. The market is expanding globally, driven by increasing chronic disease prevalence, technological advancements in injectable drugs, and the growing demand for self-administration.

Market Dynamics

Drivers

Growing Prevalence of Chronic Diseases: The rise in conditions such as diabetes, cardiovascular diseases, and autoimmune disorders has increased the demand for injectable medications, fueling the growth of the prefilled syringes market.

Patient Convenience and Safety: Prefilled syringes offer a more convenient and safer alternative to traditional methods, especially for patients requiring frequent injections.

Challenges

High Production Costs: The manufacturing of prefilled syringes requires stringent quality control and high precision, leading to increased production costs.

Regulatory Compliance: Prefilled syringes must meet rigorous regulatory standards, particularly for biological drugs, creating challenges for manufacturers.

Opportunities

Biologics and Biosimilars: The growing market for biologic drugs presents significant opportunities for the prefilled syringes market, as these drugs often require injectable delivery.

Homecare and Self-Administration: With the increasing demand for home healthcare solutions, prefilled syringes are becoming more popular for self-administration of medications, offering a major growth avenue.

Regional Analysis

North America: The largest market for prefilled syringes, driven by the high prevalence of chronic diseases and advanced healthcare infrastructure.

Europe: Europe is a major market, with countries like Germany and the U.K. leading in the adoption of biologics and injectable therapies.

Asia-Pacific: The region is witnessing rapid growth due to rising healthcare expenditure, increasing chronic disease burden, and expanding access to healthcare in countries like China and India.

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Market Segmentation

By Material:

Glass Syringes: Traditionally dominant, but gradually being replaced by plastic due to concerns about breakage and contamination.

Plastic Syringes: Gaining popularity due to their lightweight and durable nature.

By Application:

Diabetes: Prefilled syringes are widely used for insulin administration.

Vaccines: Increasingly used for vaccine delivery due to their convenience and precision.

Competitive Landscape

How much share do large players hold? Companies like BD (Becton, Dickinson and Company), Gerresheimer, and SCHOTT dominate the market, holding a significant share due to their established presence and advanced manufacturing capabilities.

Do big players control the price? Yes, large players with sophisticated manufacturing processes and partnerships with pharmaceutical companies have significant control over pricing in the market.

Do small and mid-size companies challenge the large companies domestically? While smaller companies are entering the market with niche products and regional focus, they face challenges in competing with the scale and pricing power of larger players.

Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-prefilled-syringes-market

Future Outlook

Does new product development really help companies? Yes, innovations in materials, such as plastic prefilled syringes, and the development of safety features like needle shields have helped companies gain market share.

Do sustainable products hold strong customers' minds? Sustainability is becoming increasingly important, with healthcare providers and patients showing a preference for eco-friendly packaging and materials in prefilled syringes.

Conclusion

The prefilled syringes market is poised for substantial growth, driven by increasing chronic disease prevalence, the rise of biologics, and the growing demand for patient convenience. While challenges around cost and regulatory compliance remain, innovations in materials and safety features are expected to drive the market forward.

[colinwilson11]

The Bioassay Services Market Is Anticipated To Witness High Growth Owing To Increasing R&D Investment In Pharmaceutical And Biotechnology Industries

The Bioassay Services Market facilitates testing of biomolecule interactions and activities through contracted or outsourced research organizations. Bioassays help evaluate the potency and purity of biotherapeutics, biosimilars, and other biological products in a cost-effective manner. They provide data to support drug development, clinical trials, quality control, and regulatory submissions. As bioassay testing requires specialized expertise and infrastructure, many pharmaceutical and biotech companies prefer outsourcing such services to Contract Research Organizations (CROs).

Bioassays play a vital role in the development and manufacture of biologics such as antibodies, proteins, vaccines, and cell and gene therapies. They aid in determining the biological activity, target specificity, and pharmacological effects of these complex molecules. Through cell-based or receptor-binding assays, bioassays quantify the biological potency of biotherapeutics. This helps ensure their efficacy and safety. They also support characterization, comparability assessment, stability monitoring, and release testing of biologics. As more biologics receive regulatory approvals and enter the market, demand for bioassay services is surging. Advancements in cell-based assays further facilitate high-throughput screening of biotherapeutics.

The Bioassay Services Market is estimated to be valued at US$ 340 Mn in 2024 and is expected to exhibit a CAGR of 30.% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the bioassay services are CCRM,Nexelis,Pacific BioLabs,PPD Laboratories,WuXi Advanced Therapies. They provide a range of bioassay testing and support services to pharmaceutical and biotech clients.

Growing demand for biologics and biosimilars is driving the need for extensive bioassay testing during drug development and manufacturing. As biologics development increases in complexity, requirements from regulatory agencies are also becoming stringent necessitating optimized bioassay data packages.

Advancements in cell-based assays and automation have enabled development of more predictive and high-throughput bioassays systems. 3D cell culture-based assays now better mimic human physiology aiding in selection of safer and more efficacious biotherapeutic candidates.

Market Trends

Increased outsourcing of bioassay testing- Pharma companies prefer outsourcing bioassay activities to specialized CROs to leverage their expertise and infrastructure and focus on core drug development functions. This is expected to boost demand for outsourced bioassay services.

Adoption of non-animal testing methods- Restrictions on animal testing and emphasis on alternative methods by regulators will promote use of human cells and tissue-based bioassay platforms over animal models where applicable. This supports the 3Rs (Replacement, Reduction, and Refinement) principle in drug testing.

Market Opportunities

Emerging biotherapeutic modalities - Cell and gene therapies, RNA/DNA based medicines, biologics for chronic diseases offer significant opportunities as they require extensive biocharacterization and testing during development and lot release.

Partnerships for specialized testing- Demand for niche bioassays for toxins, viruses, vaccines etc. presents opportunities for expert CROs to partner with pharma innovators working in such complex domains.

Impact Of COVID-19 On Bioassay Services Market Growth

The ongoing COVID-19 pandemic has significantly impacted the Bioassay Services Market. During the initial outbreak, the restrictions imposed by governments worldwide led to temporary closures of contract research organization facilities and delays in clinical trial activities. This affected the demand for bioassay services from pharmaceutical and biotechnology companies engaged in drug development. However, as the pandemic progressed, bioassay services emerged as an essential part of vaccine and therapeutic development efforts against COVID-19. Many CROs ramped up their bioassay capabilities to support the surge in COVID-19 related research. This provided some buffer to the market from the adverse impact witnessed initially. Going forward, as vaccine development and therapeutic discovery continues at an accelerated pace, the demand for bioassay services is expected to steadily rise over the forecast period.

The Asia Pacific region currently accounts for the largest share of the Bioassay Services Market in terms of value. Several factors have contributed to the concentration of market in Asia Pacific, primarily the presence of a large pool of clinical trial participants, availability of low-cost and high-quality bioassay services, and growing pharmaceutical outsourcing to countries such as China and India. Within the region, China and India are the top locations for outsourcing of drug discovery and clinical research activities, bolstering service provider revenue. Moreover, investments by governments to promote life sciences R&D have spurred market growth. Going forward, emerging Asian countries with improving regulatory compliance may attract higher outsourcing, sustaining APAC's leading position.

At the same time, the North American region has emerged as the fastest growing market for bioassay services globally. Pre-COVID, growth drivers included rising R&D expenditure of biopharma players based in the US and Canada, well-established pharmaceutical infrastructure, and increasing adoption of outsourcing models. However, the pandemic has significantly accelerated regional market expansion. Heightened research focus on COVID-19 therapeutics and vaccines has boosted service demand. Moreover, the region is home to prominent global CROs with expanded pandemic-relevant testing capabilities. Considering these factors, North America is anticipated to continue outpacing other regions in terms of Bioassay Services Market growth over the forecast period.

Get more insights on this topic:   https://www.pressreleasebulletin.com/bioassay-services-market-is-estimated-to-witness-high-growth-owing-to-advancements-in-cell-based-assay-techniques/

Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. (LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

What Are The Key Data Covered In This Bioassay Services Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Bioassay Services Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Bioassay Services Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Bioassay Services Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Bioassay Services Market vendors

FAQ’s

Q.1 What are the main factors influencing the Bioassay Services Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Bioassay Services Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Bioassay Services Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[kenresearch1]

The US Biosimilar market is expected to reach ~USD 96 Bn Industry by 2028

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The United States Biosimilar market which currently has a market size of ~USD 9.48 Bn. is expected to grow at a CAGR of ~40% in the next five years and become a ~USD 96 Bn. industry as per the findings of Ken Research.

STORY OUTLINE

Biosimilar drugs tend to be cost effective and this reason is a major factor which contributes highly to the growth of US Biosimilar market.

Rising geriatric population results in an increased demand for Biosimilar drugs which ultimately helps in the growth of US Biosimilar market.

Increasing cases of chronic diseases in the country also raises the demand for Biosimilar drugs thereby accelerating the US Biosimilar market.

Growing partnerships between companies to develop Biosimilar drugs also helps in the growth and expansion of the US Biosimilar market.

A fast growing industry, cost effective nature of Biosimilar, rising cases of chronic diseases, and increase in geriatric population, along with rising strategic partnerships are the various reasons responsible for the growth of US Biosimilar market. This market is anticipated to grow at a CAGR of ~40% in the next five years.

Click to read more about US Biosimilar Market

1.Cost effective nature of Biosimilar drugs: major factor responsible for the growth of US biosimilar market

One of the major reasons behind the significant growth of US Biosimilar market is the cost-effective nature of Biosimilar drugs.

Typically, Biosimilar drugs cost lesser than the generics products due to which they have gained popularity in the healthcare sector. Generally, these drugs cost 30% lesser than the generic or original drugs.

Lucentis is an original drug which is primarily used to treat macular degeneration. This drug is priced at around USD 1200 in the United States.

 Its most common biosimilar is Cimerli which is priced way lesser than Lucentis. It costs around USD 800 in the United States.

Humira is another generic biological which is generally used in the treatment of various autoimmune diseases. This drug is priced at approximately USD 3000. Amjevita is its popular Biosimilar drug which is priced at about USD 1500 in the US which is approximately 50% cheaper than the original drug.

Rituxan is a generic drug which is typically used to treat blood cancer. It is priced at about USD 1000 in the US. Its popular biosimilar drug is Truxima which is priced at about USD 900 in the US.

Herceptin is another expensive generic drug which is mainly used in the treatment of various cancers primarily stomach and breast cancers. The average cost of this generic drug in the US is USD 6800. Ogiviri is its biosimilar drug which is sold at approximately USD 3900 in the US.

Thus, it is evident that biosimilar drugs tend to be more cost effective than the original or generic drugs. Their cost effective nature is a major contributor of the growth of US Biosimilar market.

2.Rising geriatric population: generating the demand for Biosimilar drugs

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The geriatric population also has been increasing at a significant rate in the United States. The main reasons behind geriatric population are increase in life expectancy rates and decrease in fertility rates.

There were almost 25 aged people per 100 people in the US in 1980s. The number rose to 32 aged people per 100 people in 1990s. In 2000s, there were 35 aged people per 100 people. 2010 witnessed 40 aged people per 100 people.

 In 2020s, the number reached to 54 aged people per 100 people. This number is further expected to reach 72 aged people per 100 people in 2030s.

As the population rises, aged population becomes vulnerable to many health conditions and they end up requiring many medicines for the treatment of their health conditions.

In the US, approximately 80% of aged people (above 65) have at least one chronic health condition.

The rise in aged population also results in an increased demand for Biosimilar drugs as most of the aged population do not have any strong source of income and thus, they cannot afford generic drugs or original drugs which tend to be really expensive.

Thus, the geriatric population also contribute to the growth of the US Biosimilar market.

3.Increasing cases of chronic diseases: accelerating the US Biosimilar market

The prevalence of chronic health conditions is very high in the United States. A chronic disease is a health condition that prevails for a longer period. Some of the major chronic diseases in the US are cardiovascular diseases, cancer, diabetes, kidney diseases, Alzheimer’s, etc.

In the 2010, there were almost 140 million people living with chronic diseases. In 2015, USA witnessed approximately 150 million people with chronic diseases. This number rose to 155 million people in 2020. Further, this number is anticipated to become 165 million and 170 million people in 2025 and 2030 respectively.

As the prevalence of chronic health conditions rises, their dependence of medicines and drugs also rises. However, not everyone is able to afford original or generic drugs because they tend to be expensive. Thus, that is where the need to develop biosimilar rises.

Moreover, any country would not like to see its people suffer because they cannot afford original drugs. Thus, the countries put emphasis on developing cost effective drugs in the form of Biosimilar drugs.

4.Increasing partnerships between pharmaceutical companies to develop Biosimilar drugs:

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Biocon Biologics, a US firm, was involved in the acquisition of Viatris which is a global organization and is concerned with making Biosimilar drugs in the fields of endocrinology, and oncology along with immunology. The main aim of this acquisition was to make their portfolio as well as future Biosimilar drugs pipeline strong.

AbbVie collaborated with Samsung as well as Amgen to develop Biosimilar drugs for Humira which is a generic drug. For this purpose, AbbVie has started to give the license to Samsung as well as Amgen in various countries to produce the Biosimilar.

Teva Pharmaceuticals, which is a pharmaceutical company concerned with development of generic drugs formed a strategic partnership with Alvotech, which is Biosimilar pharmaceutical company to strengthen their business for developing Biosimilar drugs.

Sandoz and Just – Evotech Biologics decided to collaborate through a partnership to develop various Biosimilar drugs. This partnership also as resulted into former’s pipeline’s expansion to more than 20 biosimilar drugs.

Merck Bioventures and Hanwha made a partnership which involved approximately USD 7 Tn. to make a Biosimilar version of Enbrel which is a generic drug primarily used to treat Rheumatoid Arthritis and is currently developed by Pfizer and Amgen.

CONCLUSION

The United States Biosimilar Market can be best described as a market that is associated with the development of Biosimilar drugs which are an exact copy of original or generic drugs. There are various factors responsible for the growth of US Biosimilar Market.

Some of the major factors contributing to the growth of this market includes the cost-effective nature of Biosimilar drugs, rising geriatric population, rising cases of chronic diseases and increasing partnerships between companies to develop Biosimilar drugs.

[amrutatbrc1]

Rheumatology Therapeutics Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The Rheumatology Therapeutics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Rheumatology Therapeutics Market: https://www.thebusinessresearchcompany.com/report/rheumatology-therapeutics-global-market-report

According to The Business Research Company’s Rheumatology Therapeutics Global Market Report 2024, The rheumatology therapeutics market size is expected to see steady growth in the next few years. It will grow to $51.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the shift towards personalized medicine approaches, rising adoption of biosimilars in rheumatology, increasing investment in research and development, integration of digital health technologies, and regulatory approvals for novel therapies. Major trends in the forecast period include growth in telemedicine and remote monitoring solutions, expansion of targeted therapies for specific rheumatic conditions, emphasis on patient-centric care models, expansion of biologic treatments beyond monoclonal antibodies, and adoption of value-based pricing models.

The rising prevalence of autoimmune diseases is expected to propel the growth of the rheumatology therapeutics market going forward. An autoimmune disease is a condition where the immune system mistakenly attacks and damages the body's tissues. The prevalence of autoimmune diseases is growing due to a combination of genetic, environmental, and lifestyle factors, including increased awareness and improved diagnostic capabilities. Rheumatology therapeutics are required for autoimmune diseases to manage inflammation, alleviate symptoms, and prevent joint and tissue damage caused by the immune system attacking the body. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, around 514,000 people in Australia, or 2.0% of the population, were estimated to be living with rheumatoid arthritis in 2022. Rheumatoid arthritis accounted for 2.0% of the total disease burden and 16% of the burden for all musculoskeletal conditions in 2023. Therefore, the rising prevalence of autoimmune diseases is driving the growth of the rheumatology therapeutics market.

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The rheumatology therapeutics market covered in this report is segmented –

1) By Drug Class: Disease Modifying Anti-Rheumatic Drugs, Nonsteroidal Anti-Inflammatory Drugs, Corticosteroids, Uric Acid Drugs, Other Drugs Classes 2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy 3) By Disease Indication: Rheumatoid Arthritis, Osteoarthritis, Gout, Psoriatic Arthritis, Ankylosing Spondylitis, Other Disease Indications

Major companies operating in the rheumatology therapeutics market are developing innovative solutions, such as intravenous (IV) formulations, to enhance treatment efficacy and patient convenience. An intravenous (IV) formulation refers to a medication or substance that is administered directly into a vein through a needle or catheter. For instance, in October 2023, Novartis AG, a Switzerland-based pharmaceutical company, announced that the US Food and Drug Administration (FDA) had approved Cosentyx, an intravenous (IV) formulation. This form of Cosentyx is uniquely approved to treat adults with psoriatic arthritis (PsA), ankylosing spondylitis (AS), and non-radiographic axial spondyloarthritis (nr-axSpA). It works by specifically targeting and inhibiting interleukin-17A (IL-17A) and is the only non-tumor necrosis factor alpha (TNF-α) IV treatment available for these conditions.

The rheumatology therapeutics market report table of contents includes:

1. Executive Summary

2. Rheumatology Therapeutics Market Characteristics

3. Rheumatology Therapeutics Market Trends And Strategies

4. Rheumatology Therapeutics Market - Macro Economic Scenario

5. Global Rheumatology Therapeutics Market Size and Growth ...........

32. Global Rheumatology Therapeutics Market Competitive Benchmarking

33. Global Rheumatology Therapeutics Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Rheumatology Therapeutics Market

35. Rheumatology Therapeutics Market Future Outlook and Potential Analysis

36. Appendix

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[healthcaremarketanalysis]

Prefilled Syringes Market worth $13.1 billion by 2030 driven by Rising Chronic Illness Rates | MarketsandMarkets™

The global Prefilled Syringes Market is expected to grow from USD 7.1 billion in 2024 to USD 13.1 billion by 2030, at a CAGR of 10.8%. Prefilled syringes are a convenient and precise medical device for delivering single doses of medication, reducing drug waste and extending product lifespan. They are increasingly adopted due to rising chronic illnesses, demand for effective drug delivery, and regulatory support for safer injection methods. Commonly used for biologics, vaccines, and other therapeutic products, these syringes enhance patient safety by minimizing errors and improving dosing accuracy. The market is expanding due to the prevalence of chronic diseases and the growing trend towards self-administration. However, challenges such as product recalls and competition from alternative drug delivery methods may impact growth. The market is driven by rising demand for biologics and biosimilars, with glass and single-chamber syringes expected to dominate. North America leads the market due to its advanced healthcare infrastructure and high demand for precise drug delivery solutions. Key players include BD, Gerresheimer AG, SCHOTT, and West Pharmaceutical Services, among others.

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Prefilled Syringes Market Dynamics

Drivers

· Rising target disease population

· Rapid growth in generic products

· Rising adoption of self-medication and digitalization

· Affordable cost with increased efficiency of prefilled syringes

· Technological advancements

Restraints

· Dearth of prefilled syringes with integrated safety features

Opportunities

· Growing healthcare infrastructure across emerging markets

· Surge of biologics and biosimilars in biopharma industry

· Increasing adoption of wearable drug delivery technologies

Challenges

· Availability of cheaper alternatives

· Challenges associated with manufacturing of prefilled syringes

Key Market Players

Becton, Dickinson and Company (US), Gerresheimer (Germany), SCHOTT AG (Germany), West Pharmaceutical Services, Inc. (US), Baxter International Inc (US), Ompi (Italy), Catalent, Inc. (US), Weigao Group (China), Vetter Pharma International GmbH (Germany), Nipro Corporation (Japan), Elcam Medical (Israel), YPSOMED (Switzerland), Oval Medical Technologies (UK), SHL Medical AG (Switzerland), Terumo (Japan).

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North America accounted for the largest market share of the global prefilled syringes industry, by region in the forecast period. The pre-filled syringe market is anticipated to be dominated by the North American region due to a number of factors, including an advanced healthcare infrastructure, a high prevalence of chronic diseases, and a focus on patient safety and technological innovation. Its dominant position in the market is also a result of the region’s well-established pharmaceutical industry and rising demand for practical and precise drug delivery solutions. Furthermore, continued R&D expenditures and favorable regulatory environments in North America contribute to the expansion and use of pre-filled syringes.

Recent Developments

· In October 2018, Becton, Dickinson and Company launched the BD Intevi 1mL two-step disposable autoinjector.

· In July 2020, Becton, Dickinson and Company entered into an partnership with Biomedical Advanced Research and Development Authority (BARDA) (US)

· In July 2018, Becton, Dickinson and Company acquired Teva Medical Inc. (US)

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[creativeera]

The Generic Sterile Injectables Market poised for strong growth driven by increasing demand for affordable healthcare

The generic sterile injectables market encompasses pharmaceutical formulations such as vials, ampoules, bottles, syringes and bags, which are administered parenterally into the body for treatments. They offer effective and affordable alternatives to branded sterile injectable drugs across therapeutic areas including oncology, cardiovascular diseases, infectious diseases and autoimmune diseases. The growing prevalence of chronic diseases and increasing healthcare expenditure have boosted the demand for generic sterile injectables globally.

The global generic sterile injectables market is estimated to be valued at US$ 46.33 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the generic sterile injectables market are Baxter International Inc., AstraZeneca plc, Merck and Co., Inc., Pfizer Inc., Fresenius Kabi, Novartis International AG, Teva Pharmaceuticals, Hikma Pharmaceuticals, Dr. Reddy's Laboratory, Mylan N.V., Sun Pharmaceutical Industries Ltd. The key players dominate the market with their wide array of products in various dosages. The increasing prevalence of chronic diseases and aging population has amplified the demand for affordable healthcare solutions. The rising healthcare costs have prompted patients and providers to shift towards cost-effective generic injectable drugs from branded equivalents. This has accelerated the growth of the global generic sterile injectables market. With rising healthcare expenditures, healthcare providers are boosting investments in emerging markets of Asia Pacific, Latin America, Middle East and Africa for expansion of their generic sterile injectables portfolio. Generic Sterile Injectables Market Trends is expected to drive during the forecast period. Market Key Trends Increased Research & Development and manufacturing capabilities of emerging players: With growing demand for affordable and effective biologics, emerging players are investing significantly in R&D and expanding their sterile injectables manufacturing infrastructure. This has led to increased competition and entry of more affordable biologics in the market.

Porter’s Analysis Threat of new entrants: Low barriers to entry make it easy for new companies to enter the market. However, regulations and requirement of high capital to set-up sterile facilities pose challenges. Bargaining power of buyers: Large group purchasing organizations and hospital networks have significant influence on prices. However, need for essential medicines keeps bargaining power in check. Bargaining power of suppliers: Few major global players supply key starting materials and APIs. However, potential for forward integration limits suppliers' bargaining power. Threat of new substitutes: Limited threat as generics have few major therapeutic substitutes. Biosimilars pose a potential long-term threat in certain disease segments. Competitive rivalry: Intense competition on pricing and new product development. Major players compete by improving quality, reliability of supply and enhancing portfolios. Frequent litigation and regulatory issues also impact competition. The United States dominates the Generic Sterile Injectables Market Regional Analysis accounting for over 40% revenue share in 2024. Strong payer system, sizable healthcare spending and increasing generic adoption to contain costs drive high growth. China sterile injectables market is projected to grow at over 12% till 2031, making it the fastest growing regional market. This can be attributed to rising living standards, healthcare reforms focusing on essential medicines and initiatives to expand domestic sterile manufacturing capabilities.

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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

[industryupdate]

The single-use bioreactors market, valued at USD 4.1 billion in 2024, is projected to reach USD 13.6 billion by 2030, growing at a compound annual rate of 22.0%. This surge is driven by the increasing demand for biologic and biosimilar drugs due to the rising prevalence of communicable and chronic diseases, coupled with the availability of innovative single-use bioreactors.