Biosimilars to Supercharge Global RA Market With Huge CAGR, Reports BCC Research

20:00 EDT 31 Jul 2016 | Marketwired

WELLESLEY, MA--(Marketwired - August 01, 2016) - The growing use of biologics, drugs with newer mechanisms of action, and combination therapies are trending in the global rheumatoid arthritis (RA) market. BCC Research reveals in its new report that the biosimilars market should grow at a torrential five-year (2015-2020) compound annual growth rate (CAGR) of 71%.

Rheumatoid arthritis is a chronic inflammatory disease characterized by progressive joint damage, disability and systemic complications. The goal of treatment in RA is to achieve clinical remission. When remission, defined as the absence of signs and symptoms of inflammation, is unattainable, the target of treatment is to lower disease activity, particularly in patients with established RA. This report provides perspective on drugs and therapies used in the management of RA.

The global market for therapies for RA is expected to grow from $19.9 billion in 2015 to nearly $21.3 billion by 2020, reflecting a five-year CAGR of 1.3%.As a therapeutic class, anti-interleukin biologics should grow from nearly $1.2 billion in 2015 to $1.5 billion in 2020 on a five-year CAGR of 4.4%. Biosimilars as a therapeutic class should reach nearly $5.4 billion in 2020 on a five-year CAGR of 71.0%, up from an anticipated $368 million in 2015.

The market for RA treatments in the seven major markets (U.S., France, Italy, Germany, Spain, U.K., and Japan) is expected to reach $16.3 billion and $17.2 billion in 2015 and 2020, respectively, reflecting a five-year CAGR of approximately 1%. The genericization and introduction of biosimilars for major products such as etanercept, infliximab and rituximab will impact market growth.

The market in the rest of the world (RoW), including India and China, should total $3.6 billion and $4.1 billion in 2015 and 2020, respectively, growing at a five-year CAGR of about 2.5%. The introduction of cheaper biosimilars and Janus kinase inhibitors (JAKs) will drive market growth.

The biosimilars market will witness incredible growth both in the RoW and globally. Their robust adoption is expected in the seven major markets, where healthcare providers are pushing for more affordable options to the high cost of biologics therapy, particularly for chronic immunological diseases.

"Worldwide, the value of the biosimilars market will grow from about $174 million in 2014 to almost $5.4 billion in 2020 due to the introduction of biosimilars," says BCC Research analyst Geeta Ogra Bedi. "Presently, a growing number of biosimilars are in the late stage of clinical development. Although biosimilars don't promise the kind of cost savings generated by their small-molecule counterparts, they still possess the ability to yield significant cost savings."

Therapies for Rheumatoid Arthritis: Technologies and Global Markets (PHM072A) analyzes new products and technologies, and their effect on the RA treatment sector by market share, product type and geography. Global market drivers and trends, with data from 2014, 2015, and projections of CAGRs through 2020 also are provided.

About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. Founded in 1971, BCC Research is a unit of Eli Global, LLC. For more information about BCC Research, please visit Follow BCC Research on Twitter at @BCCResearch.

Editors and reporters who wish to speak with the analyst should contact:Steven Cumming NEXT ARTICLE

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