Biosimilar Market Highlights
Oncology biosimilars are biologic agents that are highly similar to the originator biologic medicine, which is already approved by the U.S. FDA without clinically meaningful differences in terms of efficacy, safety, and purity with reference agents. Increasing prevalence of cancer due to unhealthy lifestyle and rising number of U.S. FDA approvals of biosimilars are the factors boosting the oncology biosimilars market.
Straits Research has published a new report titled “Global Biosimilar Market Report 2020-2026” into its vast database of research reports. The latest report is committed to delivering an in-depth analysis of the market. Straits Research offers a high degree of accuracy, comprehensive study, and systematic research methodology to readers that have been curated by the data collected from direct and indirect sources. Besides, the forecasting patterns have been considered across different geographies where the Global Biosimilar Market is growing steadily. The report has studied the overall market in-depth and has extracted data from secondary sources.
The global biosimilar market was valued at USD 4.49 billion in 2017 and is anticipated to reach USD 22.43 billion by 2023 at a CAGR of 30.9%.
While studying the Biosimilar market growth report, we also thoroughly analyzed the driving factors, development trends, restraints, challenges, and lucrative challenges to showcase the current and future market scenario. Straits Research has provided a comprehensive report that consists of the key market strategies based on the latest technologies, applications, and different geographies around the world. The industry is expected to show significant growth over the forecast period due to the increasing Biosimilar market demand.
Competitive Analysis
The market is integrated with the presence of Biocon, Pfizer, Inc., Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Sandoz International GmbH (A Novartis Division), Celltrion Inc., Teva Pharmaceutical Industries Ltd., STADA Arzneimittel AG, Amgen, Inc., and Apotex Inc. (Apobiologix)
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Market Segmentation:
By Product, Recombinant Non-Glycosylated Proteins , Recombinant Glycosylated Proteins , Recombinant Peptides
By Disease, Oncology, Autoimmune Diseases , Chronic Diseases , Blood Disorders , Growth Hormone Deficiency , Infectious Diseases , Other Diseases
By Application, Hob By and Home Food Production , Commercial Food Production , Education , Research , Others
This report forecasts revenue growth globally, at regional, and local levels. It analyzes the most recent industry trends from 2020 to 2026 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia)
- Latin America (Brazil, Mexico)
- Middle East & Africa
The report then employs market breakdown and data triangulation procedures to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The report on the Global Biosimilar Market has been curated by analyzing the top players functioning in the market to get in-depth analysis. The report carried out a SWOT analysis, Porter’s five forces analysis, and Pestle analysis.
Some of the key points that the report covers:
- A comprehensive overview of the Global Biosimilar Market Analysis, along with the product description, summary, growth patterns, size, and share.
- Analyses of the global market trends, with historical and present data about the market and the projection of compound annual growth rates (CAGRs) throughout the forecast period.
- Lucrative growth opportunities and targeted promotional plans for the Global Biosimilar Market.
- Investments in research and development (R&D) activities, mergers and acquisitions (M&A), and the demand for new products and applications in the Global Biosimilar Market.
- In-depth analysis of the leading competitors functioning in the market.
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Other features of the report:
- Gives a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
- Provides valuable insights into the product portfolio, including product planning, development, and positioning.
- Analyses the role of key market players and their partnerships, mergers, and acquisitions.
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