Global Biosimilars Market: A New Era in Affordable Biologic Therapies

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The Global Biosimilars Market Size was valued at USD 17.6 Billion in 2021, the market is projected to grow USD 56.40 Billion in 2030, at a CAGR of 22.80 %.

Expanding Global Biosimilars Market

The Global Biosimilars Market was valued at USD 17.6 billion in 2021 and is expected to reach USD 56.4 billion by 2030, growing at a CAGR of 22.80%. Biosimilars are highly similar to original biologic drugs but not identical, often described as ""twins, not clones."" With many biologic patents nearing expiration, both research-based and generic pharmaceutical companies are increasingly investing in biosimilar development. However, creating biosimilars is significantly more complex than producing generic versions of chemical-based drugs.

This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Biosimilars market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;

Sandoz, Pfizer, Biocon Limited, Fresenius Kabi AG, Boehringer Ingelheim, Mylan N.V, Organon Group of Companies, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd, Dr. Reddys Laboratories, Amgen Inc, Celltrion, Leo Pharma, MSD, Sanofi, Novartis, Mundipharma, AbbVie, Other

Our expert team is consistently working on updated data and information on the key player's related business processes that value the market for future strategies and predictions

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Market Segmentation:

By Product

Recombinant Human Growth Hormone (RHGH)

Granulocyte Colony-Stimulating Factor

Interferon

Others

By Manufacturing Type

In-House Manufacturing

Contract Manufacturing

Covered in this Report:

1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Industry Developments:

July 2021- Biocon Ltd (Biocon Biologics) received FDA approval for the first interchangeable biosimilar SEMGLEE (insulin glargine-yfgn injection) for the treatment of diabetes in collaboration with Viatris, Inc.

Regional Analysis for Biosimilars Market:

✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➥ What is the market size of the Biosimilars market?
➥ What is the market growth rate of the Biosimilars market?
➥ What are the Biosimilars market opportunities and threats faced by the vendors in the global Biosimilars Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Biosimilars market?
➥ What are the different sales, marketing, and distribution channels in the global industry?

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