07-May-2021

Global Oral Biologics Market to Surpass US$ 11,907.2 Million by 2028, Says Coherent Market Insights (CMI)

SEATTLE--(BUSINESS WIRE)--#Biologics--According to Coherent Market Insights, the global oral biologics market is estimated to be valued at US$ 1,437.4 million in 2021 and is expected to exhibit a CAGR of 35.3% over the forecast period (2021-2028).

Key Trends and Analysis of the Global Oral Biologics Market:

Key players are focused on strategies such as fund raising to boost their research and development of oral biologics for treatment of various chronic diseases such as diabetes, inflammatory bowel diseases, and others, which is expected to drive the market growth.

For instance, in December 2020, Rani Therapeutics, a clinical stage biopharmaceutical company, announced that it had raised US$ 69 Mn from Series E financing round held by BofA Securities, a financial company. The fund raised would be utilized by the Rani Therapeutics for research and development of robotic pills.

Moreover, in September 2020, Allena Pharmaceuticals, Inc. announced that it raised US$ 25 Mn from Pontifax Medison Finance, a financing company, and the fund raised would be utilized by Allena Pharmaceuticals, Inc. for research and development of product candidate reloxaliase and ALLN-346 clinical trials.

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Furthermore, key players operating in the global oral biologics market are focusing on adoption of inorganic growth strategies such as acquisition and collaborations in order to increase their market presence in the global market. For instance, In November 2020, Novo Nordisk A/S, a pharmaceutical company announced the acquisition of Emisphere Technologies, a U.S.-based drug delivery company. The acquisition will lead to strengthen the oral biologics segment of Novo Nordisk A/S in the U.S.

Key Market Takeaways:

The global oral biologics is expected to exhibit a CAGR of 35.3% over the forecast period. This is owing to increasing merger and acquisition by key players. For instance, In May 2020, AbbVie Inc., Biopharmaceutical Company announced the acquisition of Allergan plc. Under this acquisition AbbVie acquired the various products of Allergan Plc. Pharmaceutical Company including Linzess/Constella (Linaclotide), a medication used in treatment of adults with irritable bowel syndrome with constipation (IBS‑C), and chronic idiopathic constipation (CIC).

Competitive Landscape:

Key players operating in the global oral biologics include Novo Nordisk A/S, Market Strategies, Biocon Limited, Oramed Pharmaceuticals, Inc., Rani Therapeutics, Entera Bio Ltd., AbbVie Inc., Enteris BioPharma, Inc., Chiasma, Inc. and Allena Pharmaceuticals, Inc.

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Market Segmentation:

Global Oral Biologics Market, By Drug Class:
- Glucagon-like Peptide 1 (GLP-1) Receptor Agonist
- Hormone
- Recombinant Enzyme
- Guanylate Cyclase-C Agonist
- Somatostatin Analogue
- Others
Global Oral Biologics Market, By Disease Indication:
- Diabetes
- Hyperoxaluria
- Acromegaly
- Irritable Bowel Syndrome (IBS) & Chronic Idiopathic Constipation (CIC)
- Others (Inflammatory Bowel Disease (IBD), Hypoparathyroidism, and Others)
Global Oral Biologics Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Oral Biologics Market, By Region:
- North America
  - By Country
    - U.S.
    - Canada
- Latin America
  - By Country
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - By Country
    - Germany
    - U.K.
    - France
    - Italy
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - By Country
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - By Country
    - GCC
    - Israel
    - Rest of Middle East
- Africa
  - By Country
    - South Africa
    - Central Africa
    - North Africa

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Last Updated: 07-May-2021