Global Biosimilars Market 2024 research report offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
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One of the key global biosimilar market trends witnessed is the expiration of biologics patents, which is likely to create new opportunities for companies in this market. A patent typically lasts around 20 years from the moment a company files an application. This period gives exclusive rights to the drug inventor, after which competing companies can launch a biosimilar. Already, these products have been developed for blockbuster biologics, such as Lantus, Rituxan, Herceptin, Remicade, Enbrel, Neulasta, Avastin, and Humira.
Drivers & Restraints
The global biosimilars market size was valued at USD 20.44 billion in 2022 and is projected to grow from USD 23.96 billion in 2023 to USD 73.03 billion by 2030, exhibiting a CAGR of 17.3% during the forecast period.
This study provides information about the sales and revenue during the historic and forecasted period of (2024 to 2030). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Biosimilars Market report.
This report focuses on Biosimilars Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Biosimilars Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
An Overview of the Impact of COVID-19 on this Market:
The advancement of COVID-19 has conveyed the world to a stop. We fathom that this prosperity crisis amazingly influences associations across ventures. Nevertheless, everything fortunate or unfortunate should reach a conclusion. There are a couple of organizations that are fighting and some are thriving. By and large, essentially every region is relied upon to be impacted by the pandemic.
We are advancing incessant endeavors to help your business support and create during COVID-19 pandemics. Considering our experience and expertise, we will offer you an impact examination of Covid episode across ventures to help you with preparing for what's to come.
Key players covered in the global Biosimilars Market research report:
- Celltrion Inc. (South Korea)
- Pfizer Inc. (U.S.)
- Novartis AG (Switzerland)
- Amgen Inc. (U.S.)
- Biocon (India)
- Biogen (U.S.)
- Coherus BioSciences (U.S.)
- Samsung Bioepis (South Korea)
- Shanghai Henlius Biotech, Inc. (China)
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Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Key Stakeholders
- Natural substance providers
- Merchants/brokers/wholesalers/providers
- Administrative bodies, including government organizations and NGO
- Business innovative work (RandD) establishments
- Merchants and exporters
- Government associations, research associations, and counseling firms
- Exchange affiliations and industry bodies
- End-use enterprises
Major Table of Contents for Biosimilars Market Research Report:
- Introduction
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2024-2030
- North America Market Analysis, Insights and Forecast, 2024-2030
- Europe Market Analysis, Insights and Forecast, 2024-2030
- Asia Pacific Market Analysis, Insights and Forecast, 2024-2030
- The Middle East and Africa Market Analysis, Insights and Forecast, 2024-2030
- Latin America Market Analysis, Insights and Forecast, 2024-2030
- Competitive Landscape
- Global Biosimilars Market Revenue Growth, Industry Share Analysis, By Key Players, 2024
- Company Profiles
- Conclusion
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