Thursday, 8 July 2021

U.S. Non-oncology Biopharmaceuticals Market Size Share Trends Forecast 2026

 

The U.S. Non-oncology Biopharmaceuticals Market, by Product Type (Biologics and Biosimilars), by Drug Class (Monoclonal Antibody, Enzyme Replacement Therapy, Erythropoietin, Interferon, Colony-stimulating Factor, Botulinum Toxin, Fusion Protein, Vaccines, Human Recombinant Insulin, Blood Factors, Human Growth Hormone, and Others), and by Disease Indication (Diabetes, Rheumatoid Arthritis, Psoriatic Arthritis, Multiple Sclerosis, Hemophilia, Anemia, Age-related Macular Degeneration, Hepatitis B, Cystic Fibrosis, Osteoporosis, Crohn’s Disease, Ulcerative Colitis, Psoriasis, Ankylosing Spondylitis, and Others (Cardiac Diseases and Others)), was valued at US$ 116.0 Bn in 2018 and is projected to exhibit a CAGR of 10.2% during the forecast period (2018–2026).

Factors such as increasing launch and approval of novel biopharmaceuticals and robust pipeline of biopharmaceutical products in late phase of clinical trial is expected to significantly drive the U.S. non-oncology biopharmaceuticals market growth. For instance, in October 2018, Leadiant Biosciences, Inc. received the U.S. Food and Drug Administration (FDA) approval for its Revcov (elapegademase-lvlr) injection in the U.S. Revcovi is a new enzyme replacement therapy (ERT) for the treatment of adenosine deaminase severe combined immune deficiency (ADA-SCID) in pediatric and adult patients. Furthermore, key players are involved in development and launch of novel biopharmaceuticals for new indications. For instance, in May 2018, Novartis announced that the U.S. FDA approved Aimovig (erenumab) for the preventive treatment of migraine in adults. Aimovig was the first human monoclonal antibody approved for treatment of migraine. In September 2018, Eli Lilly and Company, and Teva Pharmaceutical Industries Ltd. also received the U.S. FDA approval for Emgality (galcanezumab-gnlm) and AJOVY (fremanezumab-vfrm), respectively for the preventive treatment of migraine in adults. Launch of novel drugs for new indications is expected to support the U.S. non-oncology biopharmaceuticals market growth over the forecast period.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/2575

Browse 35 Market Data Tables and 38 Figures spread through 224 Pages and in-depth TOC on U.S. Non-oncology Biopharmaceuticals Market, by Product Type (Biologics and Biosimilars), by Drug Class (Monoclonal Antibody, Enzyme Replacement Therapy, Erythropoietin, Interferon, Colony-stimulating Factor, Botulinum Toxin, Fusion Protein, Vaccines, Human Recombinant Insulin, Blood Factors, Human Growth Hormone, and Others), and by Disease Indication (Diabetes, Rheumatoid Arthritis, Psoriatic Arthritis, Multiple Sclerosis, Hemophilia, Anemia, Age-related Macular Degeneration, Hepatitis B, Cystic Fibrosis, Osteoporosis, Crohn’s Disease, Ulcerative Colitis, Psoriasis, Ankylosing Spondylitis, and Others (Cardiac Diseases and Others)) - U.S. Forecast to 2026.

Key players in the market are involved in strategic merger, collaboration, acquisition, and partnership for the development of novel biopharmaceuticals to expand its portfolio with strategic acquisition of any company. For instance, in October 2018, Teva Pharmaceutical Industries Ltd. and Celltrion, Inc. entered into an exclusive partnership to commercialize two of Celltrion’s mAb biosimilar candidates in the U.S. and Canada. In 2016, AbbVie Inc. acquired all rights from Boehringer Ingelheim (BI) for Risankizumab (BI 655066). Risankizumab is an anti-IL-23 monoclonal biologic antibody for psoriasis. Company is also evaluating the product for other indications such as Crohn’s disease, asthma, and psoriatic arthritis. Currently, it is in clinical phase 3. Furthermore, patent loss of blockbuster drugs such as Humira and launch of their biosimilars at low prices is expected to be a major factor negatively affecting the revenue generated by blockbuster drugs, which in turn is expected to negatively affect the overall U.S non-oncology biopharmaceutical market size and growth over the forecast period. For instance, in the recent past, various players such as Sandoz Inc., Boehringer Ingelheim GmbH, and Amgen Inc., received the U.S. FDA approval for biosimilar versions of AbbVie Inc.’s blockbuster drug, Humira (adalimumab) in the U.S. However, most of these companies have reached a settlement agreement with AbbVie Inc. to delay launch of Humira biosimilar up to 2023.

Browse Research Report: https://www.coherentmarketinsights.com/market-insight/u-s-non-oncology-biopharmaceuticals-market-2575

Key Takeaways of the U.S. Non-oncology Biopharmaceuticals Market:

The U.S. non-oncology biopharmaceuticals market is expected to exhibit a CAGR of 10.2% during the forecast period (2018 – 2026), owing to increasing product launches and approvals, and robust pipeline of novel U.S. non-oncology biopharmaceuticals

The U.S. is the most lucrative economy for monoclonal antibodies, as most of the key players such as AbbVie Inc., Roche Holding AG, and Merck & Co. generate major revenue of their biological drugs from the U.S.

In the recent past, various blockbuster biologics such as Humira and Remicade lost patent in the U.S. market. Furthermore, various other high revenue generating biologics are expected to lose their patents in the near future. Loss of patents in the U.S. market offers lucrative opportunity to other players for development of biosimilars.

Key players in the market have lucrative opportunities to develop novel and innovative therapies for various rare diseases and target the underserved patients. Acts such as the Orphan Drug Act also supports in creating financial incentives for companies to develop new drugs for rare diseases.

Major players operating in the U.S. non-oncology biopharmaceuticals market include Sanofi S.A., Pfizer, Inc., Johnson & Johnson, Novartis International AG, Amgen, Inc., Eli Lilly and Company, AbbVie Inc., Bristol - Myers Squibb Company, F. Hoffmann-La Roche AG, Novo Nordisk A/S, GlaxoSmithKline plc., UCB Pharma, Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Ltd, AstraZeneca Plc, Mylan N.V., LEO Pharma A/S, Boehringer Ingelheim GmbH, Alexion Pharmaceuticals Inc., Merck & Co., Inc. Elusys Therapeutics, Inc., Swedish Orphan Biovitrum AB, Samsung Bioepis NL B.V., Biogen Inc., and Theratechnologies Inc.

Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/2575

About Coherent Market Insights:            

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

mailto:sales@coherentmarketinsights.com

U.S. Office:

Name:  Mr. Shah

Coherent Market Insights 1001 4th Ave,

# 3200 Seattle, WA 98154, U.S.

US :  +1-206-701-6702

UK :  +44-020-8133-4027

JAPAN :  +050-5539-1737


No comments:

Post a Comment