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Biosimilars Market Size To Boost USD 85.5 Billion By 2029 | CAGR 14%

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Jayant Saini
Biosimilars Market Size To Boost USD 85.5 Billion By 2029 | CAGR 14%

The Global Biosimilars Market growth is driven by factors like increasing demand for biosimilar drugs due to their cost-effectiveness, rising geriatrics population & increasing incidence of chronic diseases, abbreviated regulatory approval process & growing strategic partnerships and agreements. Furthermore, the technological advancements in the field of biopharmaceutical are expected to expand in the upcoming years finally leading to the advancements in the Biosimilars Market. Moreover, the rising pressure to reduce healthcare expenditure coupled with patent expiry of various blockbuster drugs. Hence, the cost to benefit ratio offered by biosimilar market drugs are expected to increase their demand in the upcoming years.

According to Marketlook Consulting’ research report “Global Biosimilars Market Analysis, 2021”, the Global Biosimilars Market is anticipated to grow at a CAGR 14% during 2022-29 The market would reach to USD 85.5 billion by 2029.

REQUEST FOR SAMPLE:-  https://www.marketlookconsulting.com/sample-request/247




Based on product, the global biosimilars market is bifurcated into Recombinant Glycosylated Proteins (Dental lasers, Monoclonal Antibodies, Laboratory Machines), Recombinant Non-Glycosylated Proteins (Insulin, Granulocyte Colony stimulating factor, Recombinant human growth factor, Interferons), and Recombinant Peptides. Majority of the market is dominated by Recombinant Glycosylated Proteins. Monoclonal Antibodies & Insulin are expected to be the key factors for the rapid growth of the biosimilars market due to the eminent use of Monoclonal Antibodies for the treatment of cancer, autoimmune disorders, osteoporosis as well as rising demand for insulin dependent diabetes.

Based on Indication, the market I segmented into Chronic diseases, Oncology, Autoimmune diseases, Infectious diseases, Blood disorders, Growth hormone deficiency. Oncology grabbed the significant market share in 2021 owing to the availability of biosimilars at a lower cost than innovative biologics and a large number of patients. Hence due to high incidence and high prevalence of cancer the healthcare sector is focusing on reducing the burden of the cancer in population.

“Global Biosimilars Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for biosimilar providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

READ MORE:- https://www.marketlookconsulting.com/reports/Biosimilars-market

Europe Dominated the Market

 Based on Leading regions, Europe dominated the global biosimilars market in 2021 and is projected to maintain its dominance during the forecasted period 2022-29. In Europe, biosimilars are capturing an increasing share of the territory from originator drugs, improving savings, patent access to biological products. It has been observed the biosimilars manufacturers are increasingly prepared for the loss of opportunities & creating increasingly crowded and competitive marketplace within the country forthcoming period as stated in Marketlook Consulting research report “Global Biosimilars Market Analysis.

According to Marketlook Consulting’, the key players with a considerable market share in the global Air Purifier market are Pfizer, Inc., Intas Pharmaceuticals Ltd., Biocon, Dr. Reddy’s Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH (A Novarti Division), Celltrion Inc., Amgen, Inc., STADA Arzneimittel AG, Apotex Inc.

Market Segmentation:

  1. By Product (Recombinant Glycosylated Proteins, Recombinant Non-glycosylated Proteins, Recombinant Peptides)
  2. By Indication (Chronic Diseases, Oncology, Autoimmune diseases, Infectious diseases, Blood Disorders, Growth Hormone Deficiency, Others)
  3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
  4. By Company (Pfizer, Inc., Intas Pharmaceuticals Ltd., Biocon, Dr. Reddy’s Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH (A Novarti Division), Celltrion Inc., Amgen, Inc., STADA Arzneimittel AG, Apotex Inc.)

Key questions answered in the study:

  1. What are the current and future trends of the Biosimilars industry?
  2. How the industry has been evolving in terms of product demand and indication areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Biosimilars industry?
  5. What is the customer orientation, purchase behavior, and expectations from the Biosimilar firms across various regions?

Top Major Players List :- Biosimilars Market

  • F. Hoffmann-La Roche Ltd. (US)
  • Sandoz International GmbH (Switzerland)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Samsung Bioepis (South Korea)
  • Biocon (India)
  • Mylan N.V (US)
  • Pfizer, Inc.
  • Intas Pharmaceuticals Ltd.
  • Biocon
  • Dr. Reddy’s Laboratories Ltd.
  • Teva Pharmaceutical Industries Ltd.
  • Celltrion Inc.
  • Amgen, Inc.
  • STADA Arzneimittel AG
  • Apotex Inc.

 Related Report :-

·        Blood Group Typing Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)

https://www.marketlookconsulting.com/reports/blood-group-typing-market

 

·        Antipsychotic Drugs Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)

https://www.marketlookconsulting.com/reports/antipsychotic-drugs-market

 

·        Healthcare Staffing Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)

https://www.marketlookconsulting.com/reports/healthcare-staffing-market

 

·        Small Molecule API Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)

https://www.marketlookconsulting.com/reports/small-molecule-api-market

About Us:-

Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.

Contact US:-

Phone:- +1 3474410939

Name:- Mithun Jangir (Manager- Marketing & Communications)

Email:- [email protected]

Linkedin:- https://www.linkedin.com/company/marketlook-consulting/

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2024-03-12
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Learn More On The Pegfilgrastim Biosimilars Market:https://www. The pegfilgrastim biosimilars market size is expected to see strong growth in the next few years. Government initiatives for the development of biosimilars are expected to drive the pegfilgrastim biosimilars market. Hence, the government initiatives for the development of biosimilars aid in the increased production and awareness that, in turn, support the growth of the pegfilgrastim biosimilars market. The pegfilgrastim biosimilars market report table of contents includes:1.
Insulin Biosimilars Market Trend Analysis, Growth Status, Revenue Expectation to 2027
2022-11-04
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As patents for major branded insulin products start to expire, a number of biosimilar insulin market  are expected to launch in the coming years. Such ongoing approvals by the respective authorities are expected to drive the growth of the insulin biosimilars market. The long-acting biosimilars are likely to hold maximum market share in the global insulin biosimilars market owing to its benefits in the treatment for diabetes. The insulin biosimilars market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The insulin biosimilars market in the Middle East & Africa has been divided into the Middle East and Africa.