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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increasing Prevalence of Non-Hodgkin’s Lymphoma, Novel Product Launches, and Increased Funding to be the Key Market Trends
The key factor driving the growth of the rituximab biosimilars market is the rising prevalence of non-Hodgkin’s lymphoma. This lymphoma affects the white blood cells and hence, the weakening of the immune system.
According to World Health Organisation, more than 5,00,00 new cases were diagnosed with NHL in 2020. In the United States, non-Hodgkin’s lymphoma accounts for nearly 4% of cancer cases. Thus, this rising incidence of non-Hodgkin’s lymphoma is anticipated to generate significant demand for the rituximab biosimilars market over the forecast period.
Pharmaceutical companies are tremendously working on inventing new rituximab biosimilar drugs. Increased acquisitions and collaborations among top firms are also driving the market growth. For Example, in 2020, Teva pharmaceuticals and Celltrion Healthcare Co. announced the launch of Truxima, a biosimilar for treating Rheumatoid Arthritis.
The additional factors stimulating the development of the market include increased government initiatives, optimal biosimilar costs, and a rise in R&D expenditure in biopharmaceutical companies.
The expansion in healthcare accessibility, rising incidence of chronic disorders, and increased ageing population are also expected to boost the rituximab biosimilars market size.
Fewer drug approvals, stringent government regulations, and lack of awareness are the suspected reasons hindering the growth of this market. The high costs of biosimilars are also responsible for the slow growth of the market.
Rituximab Biosimilars Market Report Snapshots
Rituximab Biosimilars Market Size
Rituximab Biosimilars Market Trends
Rituximab Biosimilars Market Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The factors stimulating the development of the market are increased government initiatives, optimal biosimilars costs, and a rise in R&D expenditure in biopharmaceutical companies.
Fewer drug approvals, stringent government regulations, and lack of awareness are the suspected reasons for hindering the growth of this market.
Based on the product type, the market is categorised into blitzima and rixathon, among others.
Based on the indication, the market is divided into non-Hodgkin’s Lymphoma, chronic lymphocytic leukaemia, and rheumatoid arthritis, among others.
The distribution channels are hospital-based pharmacies, retail pharmacies, and online pharmacies.
Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The trade name for rituximab is Rituxan.
Truxima is the biosimilar of the rituximab reference drug.
A biosimilar is a copy of a biologic medicine that is similar, but not identical, to the original drug.
Biosimilars are available at low costs and thus, have the potential to enhance treatment accessibility.
Rituximab and its biosimilars are primarily used to treat rheumatoid arthritis, lymphoma, and leukaemia.
The major companies involved are Innovent Biologics Inc, Gedeon Richter Plc., BioXpress Therapeutics SA, Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Sandoz International GmbH (Novartis), Zydus Lifesciences Ltd., Hetero Drugs Limited, Dr Reddy's Laboratories Ltd, Shanghai Fosun Pharmaceutical (Group) Co., Ltd., Zenotech Laboratories, Napp Pharmaceuticals Limited, and Mundipharma International Limited, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124