Increased incidences of chronic diseases and cost-effectiveness are driving the growth of the biosimilars market.
Dallas, United States – April 1, 2020 /MarketersMedia/ —
The global biosimilars market is projected to reach USD 107.04 billion by 2025, growing at a CAGR of 33.2%. Moreover, they are anticipated to swiftly increase market share and foster economic significance as more biologics reach patent expiry. However, regardless of several challenges biosimilars will fanfare in the foreseeable years owing to the increasing financial load on the global healthcare system.
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The research study is also known to provide in depth analysis of the reports which is one of the key aspects for the growth of the global Biosimilars market. The report is also used in the analysis of the growth rates and the threats of new entrants, which are used for the determination of the growth of the market for the estimated forecast period. Moreover, increased demand for the factors influencing the growth of the market is also one of the major aspects which is likely covered in depth in the report.
The study covers the production, sales, and revenue of various top players in the global ‘Biosimilars’ market, therefore enabling customers to achieve thorough information of the competition and henceforth plan accordingly to challenge them head on and grasp the maximum market share. This report is filled with significant statistics and information for the consumers to attain in-depth data of the ‘Biosimilars’ and further ‘Biosimilars’ growth. It also focuses and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. One of the methods for the determination of the growth of the market is the increased use of the statistical tools, which is used for the estimation of the growth of the market for the estimated forecast period.
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Europe was the largest market for biosimilars in 2018, whereas Asia Pacific is set to register highest CAGR during the forecast period. Asia is expected to emerge as the fastest growing regional market, with developing economies expanding at a substantial pace and incorporating developments to sustain the competition. Key players of the biosimilars market include Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy’s Laboratories, Celltrion and Samsung Biologics among others.
Another important aspect in the study of market on the global level is regional analysis. The regional study gives clear picture about market performance in various regions. The market has its influence all over the globe. The regions like Latin America and Middle East & Africa, APAC (China, Japan, India, South Korea, Australia, and the RoAPAC), Europe (Germany, France, UK, Italy, Spain, and the RoE) and North America (US and Canada) are considered to be some of the key regions in the global market. The global biosimilars market is highly competitive in nature as the number of vendors in the global industry is huge. There are vendors who are in the market for quite a while now. The companies like Stada Arzneimittel AG (Germany), Coherus Bioscience (US), Biocad (Russia), Gedeon Richter (Hungary), Gan & Lee Pharmaceuticals (China), Chong Kun Dang (South Korea), mAbxience (Switzerland), JCR Pharmaceuticals (Japan), Probiomed (Mexico), Apotex (Canada), Amega Biotech (Argentina), Samsung Biologics (South Korea), Celltrion (South Korea), Amgen (US), Dr. Reddy’s Laboratories (India), Teva Pharmaceutical (Israel), Eli Lilly (US), Mylan (US), Merck KgaA (Germany), Fresenius Kabi AG (Germany), Biogen (US), Biocon (India), Sandoz (Germany), Pfizer (US), Boehringer Ingelheim (Germany) are considered to be some of the key vendors among several others.
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Key segments of the global biosimilars market
Product Overview, 2015-2025 (USD Billion)
Recombinant Non-glycosylated Proteins
Recombinant Glycosylated Proteins
Recombinant Peptides
Type of Manufacturing Overview, 2015-2025 (USD Billion)
In-house Manufacturing
Contract Manufacturing
Application Overview, 2015-2025 (USD Billion)
Oncology
Blood Disorders
Chronic Diseases
Autoimmune Diseases
Growth Hormone Deficiency
Infectious Diseases
Other Diseases
Regional Overview, 2015-2025 (USD Billion)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of MEA
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