How will the Avastin (Bevacizumab) Market Size Evolve in the Coming Years?
The Avastin (bevacizumab) market has exhibited strong growth in recent years, set to burgeon from $7,251.35 million in 2024 to $7,819.19 million in 2025 at a compound annual growth rate (CAGR) of 7.8%. Factors such as regulatory approvals, expanding indication approvals, and increasing cancer prevalence are contributing to this growth trend seen in the historic period.
The Avastin (bevacizumab) market is expected to grow substantially in the forecast period, projected to reach $10,488.97 million in 2029 at a compound annual growth rate (CAGR) of 7.6%. Expansion can be credited to burgeoning awareness, early diagnosis, rising emphasis on precision medicine, and improved healthcare accessibility.
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What are the Key Growth Drivers in Avastin (Bevacizumab) Market?
The increasing prevalence of cancer constitutes a major driver propelling the growth of the Avastin (bevacizumab) market. This drug serves an instrumental role in treating cancer, starving the abnormal cells which essentially constitute tumors. The American Cancer Society projects a staggering 1.9 million new cancer cases and 609,360 deaths from cancer in the USA in 2022, equating to about 1,670 deaths a day, thus validating the crucial role of Avastin in the medical field.
Rising healthcare expenditure, driven by factors such as an aging population and increasing demand for services, is poised to further augment market growth. Higher expenditure increases access to Avastin through insurance coverage, thereby bolstering its market expansion and wider patient adoption.
What are the Key Segments of the Avastin (Bevacizumab) Market?
The avastin (bevacizumab)market covered in this report is segmented as follows –
1) By Dosage: 100 Mg; 400 Mg
2) By Application: Non-Squamous Non-Small Cell Lung Cancer, Recurrent Glioblastoma, Colorectal Cell Cancer, among others
3) By Distribution channel: Direct Tender, Hospital Pharmacy, Retail Pharmacy among others
4) By End User: Hospitals, Cancer Supportive Centers, Home Healthcare among others
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Which are the Major Players in Avastin (Bevacizumab) Market?
Roche Holding AG is a key player in the Avastin (bevacizumab) market.
What are the Emerging Trends in the Avastin (Bevacizumab) Market?
One of the prominent trends in the Avastin (bevacizumab) market is the development of biosimilars as cost-effective alternatives, with the goal of expanding access to cancer treatments. For instance, in October 2022, Amneal Pharmaceuticals Inc. launched ALYMSYS, a biosimilar referencing Avastin, in the United States indicated for the treatment of various cancers.
What is the Regional Analysis of the Avastin (Bevacizumab) Market?
North America commanded the largest regional market share for Avastin (Bevacizumab) in 2024.
What Does The Avastin (Bevacizumab) Global Market Report 2025 Offer?
Avastin (bevacizumab) is a monoclonal antibody that inhibits angiogenesis, the formation of new blood vessels that supply tumors with oxygen and nutrients, essentially starving them. It is used in combination with chemotherapy to treat diverse cancers, including colorectal, lung, kidney, and glioblastoma. The Avastin (Bevacizumab) Global Market Report 2025 from The Business Research Company provides an in-depth analysis of the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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