Rituximab Market growth at a rate of 6.70% in the forecast period

 The rituximab market is expected to witness market growth at a rate of 6.70% in the forecast period of 2022 to 2029. Data Bridge Market Research report on rituximab market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of rituximab market.

Rituximab refer to the type of biosimilars that are utilized as a single agent or in combination with chemotherapy for treating diseases such as non-Hodgkin lymphoma (NHL), granulomatosis with polyangiitis (GPA), chronic lymphocytic leukemia (CLL), and microscopic polyangiitis (MPA).

The rise in the geriatric population across the globe acts as one of the major factors driving the growth of rituximab market. The increase in demand for biosimilar drugs due to their cost-effectiveness and rise in the prevalence of non-Hodgkin's lymphoma (NHL) among population accelerate the market growth. The development in commercial pipelines and increase in government initiatives towards the development of the product further influence the market. Additionally, supportive government legislation, surge in healthcare expenditure, abbreviated regulatory approval process, development in technology, surge in healthcare expenditure and increase in biopharmaceutical R&D expenditure positively affect the rituximab market. Furthermore, research on new indications and patent expiry of biologics extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

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