The report is titled as ‘Biosimilars Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the biosimilars market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Biosimilars market is expected to grow with a significant rate in the near future.
The global biosimilars market in 2020 is estimated for more than US$ 11,036.2 Mn and expected to reach a value of US$ 1,09,501.8 Mn by 2028 with a significant CAGR of 33.5%.
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Biosimilars Market Dynamics
Patent expiration in the biological drug industry is the major factor driving the growth of global biosimilars market. Moreover, the introduction of clear regulatory pathways for the introduction of biosimilars to the market by many countries is further encouraging biosimilar development. For instance, recently India and Canada introduced regulations for approval of biosimilar drugs in respective countries. However, unlike generic chemical entities, producing identical copies of innovator cell-based drugs is impossible and takes more time, which is the biggest challenge for the growth of global biosimilars market. Biologics are produced by cells in culture or whole organisms, which are inherently more variable than chemical synthesis methods.
Biosimilars Market Regional Overview
On the basis of region, the global biosimilars market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America biosimilars market is expected to be the most dominating market throughout the forecast period due to due to the expiry of patents for blockbuster biological drugs. The presence of key players in Europe makes it second-largest market for biosimilars. Asia Pacific biosimilars market is expected to witness delayed growth due to relatively long patent term for biological drugs
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the biosimilars market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
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Biosimilars Market Key Players
Some of the key participating players in global Biosimilars market are:
- ïƒ˜ Pfizer
- ïƒ˜ Sandoz International
- ïƒ˜ Teva Pharmaceuticals
- ïƒ˜ Amgen
- ïƒ˜ Biocon
- ïƒ˜ Dr. Reddy’s Laboratories
- ïƒ˜ Celltrion
- ïƒ˜ Samsung Biologics
- ïƒ˜ Synthon Pharmaceuticals, Inc.
- ïƒ˜ LG Life Sciences
- ïƒ˜ Biocon
- ïƒ˜ Hospira
- ïƒ˜ Merck Serono (Merck Group)
- ïƒ˜ Biogen Idec Inc.
- ïƒ˜ Genentech (Roche Group)
Biosimilars Market Segmentation
The global Biosimilars market is segmented on the basis of product type, manufacturing, diseases, and region.
By Product Type
- ïƒ˜ Recombinant Non-Glycosylated Proteins
- ïƒ˜ Recombinant Human Growth Hormone (RHGH)
- ïƒ˜ Granulocyte Colony-Stimulating Factor (Filgrastim)
- ïƒ˜ Insulin
- ïƒ˜ Interferons
- ïƒ˜ Interferon-Beta
- ïƒ˜ Interferon-Alpha
- ïƒ˜ Recombinant Glycosylated Proteins
- ïƒ˜ Erythropoietin (EPO)
- ïƒ˜ Monoclonal Antibodies (MABS)
- ïƒ˜ Infliximab
- ïƒ˜ Rituximab
- ïƒ˜ Adalimumab
- ïƒ˜ Other Monoclonal Antibodies
- ïƒ˜ Follitropin
- ïƒ˜ Recombinant Peptides
- ïƒ˜ Glucagon
- ïƒ˜ Calcitonin
By Type of Manufacturing
- ïƒ˜ In-House Manufacturing
- ïƒ˜ Contract Manufacturing
- ïƒ˜ Oncology
- ïƒ˜ Chronic Diseases
- ïƒ˜ Autoimmune Diseases
- ïƒ˜ Blood Disorders
- ïƒ˜ Growth Hormone Deficiency
- ïƒ˜ Infectious Diseases
- ïƒ˜ Other Diseases
- ïƒ˜ North America
- ïƒ˜ Latin America
- ïƒ˜ Europe
- ïƒ˜ Asia Pacific
- ïƒ˜ Middle East
- ïƒ˜ Africa
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