Biosimilars Market Overview

In 2022, the biosimilars market was estimated to be worth US$21 billion. Over the course of the forecast period, the size of the global biosimilars market is anticipated to increase at a CAGR of 16.72%.

Biosimilars Market Scope and Methodology:

The Biosimilars market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Biosimilars market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Biosimilars Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Biosimilars Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

Biosimilars Market Regional Insights

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Biosimilars market situations in various nations. The Biosimilars market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

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Biosimilars Market Segmentation

by Type

Human growth hormone
Erythropoietin
Monoclonal antibodies
Insulin
Granulocyte-colony stimulating factor
Others

Insulin and monoclonal antibodies are anticipated to be the two most rapidly growing segments over the projection period due to One kind of targeted medication therapy is monoclonal antibodies. These medications identify and locate particular proteins on cancerous cells. They either kill the cancer cell or prevent it from proliferating in different ways. Antibodies that have been created and generated from the same parent immune cell are known as monoclonal antibodies.

by Application

Oncology
Inflammatory
Autoimmune diseases
Chronic diseases
Blood disorders
Growth hormone deficiency
Infectious diseases
Other

Due to the higher number of cancer patients and the lower cost of biosimilars compared to innovative biologics, oncology is the largest market segment. The availability of biosimilars has helped oncology by lowering expenses and enhancing the accessibility and affordability of cancer treatment. Furthermore, healthcare systems worldwide are focusing on reducing the disease's burden by introducing reasonably priced treatment options because of the high incidence and prevalence of cancer. Over the course of the forecast period, the market for chronic and autoimmune disorders is anticipated to grow significantly due to an increase in product approvals and a rise in demand for innovative therapies.

by Technology

Recombinant DNA Technology
Monoclonal Antibodies (MAb) Technology

by End User

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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Biosimilars Market Key Players

1. Novartis
2. Pfizer
3. Dr. Reddy’s Laboratories Ltd
4. Amgen Inc.
5. Eli Lilly and Company
6. Teva Pharmaceutical Industries Ltd
7. Fresenius SE & Co. KGaA
8. STADA Arzneimittel AG
9. Boehringer Ingelheim
10. Gedeon Richter PLC
11. Celltrion
12. Samsung Biologic
13. Coherus BioSciences
14. Biocon Limited
15. Viatris
16. Amega Biotech
17. Apotex
18. Biocad
19. mAbxience
20. Probiomed
21. Fujifilm Kyowa Kirin Biologics
22. Intas Pharmaceuticals Ltd
23. Thermex
24. Reliance Life Sciences
25. Kashiv Biosciences

Key questions answered in the Biosimilars Market are:

• What is Biosimilars ?
• What was the Biosimilars market size in 2023?
• What is the growth rate of the Biosimilars Market?
• Which are the factors expected to drive the Biosimilars market growth?
• What is the CAGR at which the Biosimilars market will grow during the forecast period?
• What are the different segments of the Biosimilars Market?
• Which is the fastest growing region in the Biosimilars market?
• What growth strategies are the players considering to increase their presence in Biosimilars ?
• What are the upcoming opportunities and trends for the Biosimilars Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Biosimilars Market?
• Who are the leading companies and what are their portfolios in Biosimilars Market?
• What segments are covered in the Biosimilars Market?
• Who are the key players in the Biosimilars market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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