Biobetters Market is Expected to Reach a Market Value of USD 301.08 Billion by 2030 with Constant CAGR 30.7%
According to the most recent analysis by Emergen Research, the global biobetters market had a value of USD 27.37 billion in 2021 and is projected to grow at a rate of 30.7% over the forecast period. The market revenue growth is being driven by a longer product half-life, which is the period of time it takes for a quantity of a biobetter product to be reduced to half of its initial value and it has a lower dosage frequency than a biosimilar product.
The process for making biobetters is the same as for making biologics, although pegylation, albumin replacement, and other cutting-edge techniques are also employed. These methods are successfully used by numerous producers in the creation of various biobetters. Biologics require a larger investment and take about 15 years to produce, whereas biobetters have a smaller development cost and take about 10 years. Although the cost of developing biosimilars is approximately half that of biobetters, their therapeutic efficacy is vastly improved.
Perhaps the low commercial risk that it involves is the main argument driving the rising investments in biobetters. For biopharmaceutical businesses, the low cost of research and development in comparison to the development of biologics is another advantageous feature. The numerous regulatory requirements for demonstrating bioequivalence with comparator and reference goods have also been better understood by researchers. They were able to create highly stable biosetters as a result.
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Some Key Highlights From the Report :
Revenue for the erythropoietin biobetters segment is anticipated to increase quickly over the projected period. By extending the lifespan of erythroid progenitor cells and promoting their differentiation and proliferation by binding to Epo receptor, erythropoietin biobetters contribute to the growth of red blood cells (EpoR). Additionally, it encourages bone marrow stem cells to increase red blood cell synthesis, driving the segment’s revenue growth.
Revenue from the cancer category is anticipated to expand quickly over the course of the projection period. According to the Quality-by-Design (QbD) principles, novel new products have been created to lessen side effects while enhancing patient survival. For instance, L-asparaginase (ASNase) is a crucial component of the first-line treatment for the lethal blood malignancy acute lymphoblastic leukaemia (ALL).
Revenue for the subcutaneous sector is anticipated to increase quickly over the projected period. Subcutaneous injections are administered to the subcutaneous tissue’s fatty layer just beneath the skin. Due to the lack of blood vessels in subcutaneous tissue, the injected biobetters spread steadily and slowly. Therefore, it is perfect for administering insulin biobetters, growth hormones, and vaccines, which require delivery in a continuous stream at a low dose rate.
The North American biobetters market had the greatest revenue share in 2021. This is because chronic diseases are more common and there is better access to healthcare infrastructure, which is fueling market revenue growth in the area.
Companies profiled in the global market report include Amgen Inc. Novo Nordisk A/S, F. Hoffmann-La Roche Ltd., Marck KGaA, Sanofi, Genentech, Inc. Eli Lily and Company, Biogen, Teva Pharmaceutical Industries Ltd., and CSL Behring.
Emergen Research has segmented global biobetters market on the basis of component, drug class, application, route of administration, distribution channel, and region:
- Drug Class Outlook (Revenue, USD Billion; 2019–2030)
- Erythropoietin Biobetters
- Insulin Biobetters
- G-CSF Biobetters
- Monoclonal Antibodies Biobetters
- Anti-hemophilic Factor
- Other Biological Drug Biobetters
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Renal Disease
- Neurodegenerative Disease
- Genetic Disorders
- Route of Administration Outlook (Revenue, USD Billion; 2019–2030)
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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