Biosimilar Market 2020 With Top Countries Data: Industry Trends, Share, Size, Top Key Players Analysis and Forecast 2025

21/nov/2020 11:26:42 IMARC Group Contatta l'autore

According to IMARC Group's recently published report titled "Global Biosimilar Market Share , Size, Growth, Opportunity and Forecast 2020-2025 ", the market is further projected to reach US $ 24.5 Billion by 2025, growing at a CAGR of nearly 30% during the next five years.

A biosimilar is a biotherapeutic product that has medicinal properties and efficacy like that of a branded biological drug. It is manufactured as an authorized replacement of a biological drug that has an expired patent. Biosimilars include capsules and vaccines with ingredients, such as insulin, erythropoietin, interferon, monoclonal antibodies (MABS), granulocyte colony-stimulating elements and plasma-derived recombinant factors. Unlike generic drugs, biosimilars are more cost-intensive as they involve complex manufacturing and approval processes.

The global biosimilar market is primarily driven by the increasing prevalence of chronic disorders, such as cancer, cardiovascular and autoimmune ailments, across the globe. Furthermore, the development of biosimilars using recombinant DNA technology for enhancing the product's quality and efficiency is another factor contributing to the market growth. Other factors, including increasing product acceptance rates among patients and healthcare providers, subsidies offered by governments of various nations for the production of biosimilars and extensive research and development (R&D) in the field of biotechnology, are projected to drive the market further.

Some of the major players operating in the industry include:

 

Novartis (NYSE: NVS)  
Pfizer (NYSE: PFE)  
Teva  
Celltrion  
Merck & Co  
Samsung Bioepis  
Eli Lilly  
Biocon  
Amgen  
Dr. Reddy's Laboratories  
Boehringer Ingelheim

Request for a sample copy of this report:  https://www.imarcgroup.com/biosimilar-market/requestsample

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Biosimilar Market Segmentation: 

Market Breakup by Molecule

1. Infliximab
2. Insulin Glargine
3. Epoetin Alfa
4. Etanercept
5. Filgrastim
6. Somatropin
7. Rituximab
8. Follitropin Alfa

Market Breakup by Type of Manufacturing

1. In-house Manufacturing
2. Contract Manufacturing

Market Breakup by Indication

1. Auto-Immune Diseases
2. Blood Disorder
3. Diabetes
4. Oncology
5. Growth Deficiency
6. Female Infertility

Market Breakup by Region

1. Europe
2. United States
3. Japan
4. India
5. South Korea
6. Rest of the World

Browse related reports:

Biosimilar Market in Europe

Oncology Biosimilars Market

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