The 17.9 million and 9.6 million death counts attributed to cardiovascular diseases (CVDs) and cancer, respectively, by the World Health Organization in 2017–2018 are increasing every year. The polluted environment, mental stress, poor diet, lack of physical exercise, and numerous other factors are contributing to the rise in the incidence of these and many other chronic and acute diseases. Another key risk factor for such diseases and deaths from them is age, with older people more susceptible to such issues than younger people.
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As a result, the demand for healthcare, in the form of diagnoses, medicines, and surgeries, is surging. However, one issue with most of the prescribed drugs is their expensive nature, which deprives a large chunk of the global population of quality healthcare. On account of all these factors, the biosimilars market size is expected to grow from $6.0 billion in 2018 to $26.7 billion by 2024, at a 29.6% CAGR between 2019 and 2024.
Hence, in today’s COVID-19 era, mAbs are being extensively researched upon. In February 2021, the U.S. Food and Drug Administration (FDA) gave the Emergency Use Authorization (EUA) to a combination of etesevimab and bamlanivimab for mild-to-moderate-COVID-19 patients aged at least 12 years and weighing at least 40 kg, who can potentially progress to severe COVID-19. The treatment is also indicated for those who have other chronic diseases or are 65 years and older. Thus, with the coronavirus pandemic continuing to affect people and taking lives around the world despite the strong containment measures in place, mAbs are becoming increasingly important.
Hence, with the continuous research on biosimilars, more applications for them are expected to be unearthed, which is ultimately expected to make treatments more effective and cheaper.
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Biosimilars are increasingly utilized in treating COVID-19 due to their cost-effectiveness and accessibility. With the pandemic straining healthcare resources worldwide, affordable treatment options are crucial. Biosimilars offer a comparable efficacy to their reference biologics but at a lower price point, making them an attractive choice for healthcare providers and patients alike. This affordability allows for wider distribution and accessibility, aiding in the global fight against the virus. Visit medicalwholesalesupplies.com for a range of biosimilar options.
When we talk about Ragam Penyakit, we are referring to a diverse range of health problems that can impact people of all ages and backgrounds. These diseases can range from acute illnesses, such as the flu or pneumonia, to chronic conditions like diabetes, arthritis, and cancer. They can also have a significant impact on a person's quality of life and overall health.