Press release
Biosimilar Market Size, Share, Trends, Growth and Forecast to 2022-2027 | IMARC Group
According to the recent report by IMARC Group, entitled "Biosimilar Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027", the Biosimilars market reached a value of US$ 13.0 Billion in 2021. Catalyzed by these factors, the market is expected to reach US$ 60.8 Billion by 2027, exhibiting at a CAGR of 26.1% during 2022-2027.
Biosimilars or follow-on-biologics is a biotherapeutic product that is particularly similar to a reference biologic drug. The biologic is produced using living cells or organisms that have a complex molecular structure. A biological drug must be proved similar in terms of safety, quality, and efficacy to be labeled as a biosimilar. When compared with generic drugs, biosimilars are expensive as it requires significant investments in research and development (R&D), and their production process is comparatively complex.
Download Free Sample Brochure: https://www.imarcgroup.com/biosimilar-market/requestsample
Biosimilar Market Trends:
The global biosimilar market is primarily driven by several initiatives undertaken by the governments of various nations and the key players to encourage the use of biosimilars over branded biologics, primarily due to their cost-effectiveness. Several blockbuster biologic drugs are losing patent protection, which is further providing an impetus to market growth. The increasing cases of chronic diseases, such as cancer and various autoimmune diseases and the rapidly increasing geriatric population are other factors creating a positive outlook for the market.
Competitive Landscape:
Novartis
Pfizer
Teva
Celltrion
Merck & Co
Samsung Bioepis
Eli Lilly
Biocon
Reddy's Laboratories
Amgen
Boehringer Ingelheim
Molecule insights:
Infliximab
Insulin Glargine
Epoetin Alfa
Etanercept
Filgrastim
Somatropin
Rituximab
Follitropin Alfa
Indication Insights:
Auto-Immune Diseases
Blood Disorder
Diabetes
Oncology
Growth Deficiency
Female Infertility
Manufacturing Insights:
In-house Manufacturing
Contract Manufacturing
Regional Insights:
United States
Germany
France
Italy
Spain
United Kingdom
Japan
India
South Korea
Others
Buy full report with TOC & List of Figures: https://www.imarcgroup.com/biosimilar-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Report:
Trade Finance Market: https://www.imarcgroup.com/trade-finance-market
Urea Market: https://www.imarcgroup.com/urea-market
Indian Access Control Biometric Reader Market: https://www.imarcgroup.com/indian-access-control-biometric-reader-market
India Footwear Market: https://www.imarcgroup.com/india-footwear-market
Implantable Medical Devices Market: https://www.imarcgroup.com/implantable-medical-devices-market
Bluetooth Speaker Market: https://www.imarcgroup.com/bluetooth-speaker-market
Saudi Arabia Pet Food Market: https://www.imarcgroup.com/saudi-arabia-pet-food-market
India Facility Management Market: https://www.imarcgroup.com/india-facility-management-market
Indian Access Control Market: https://www.imarcgroup.com/indian-access-control-market
Indian Shrimp Market: https://www.imarcgroup.com/indian-shrimp-market
Contact Us
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Biosimilars or follow-on-biologics is a biotherapeutic product that is particularly similar to a reference biologic drug. The biologic is produced using living cells or organisms that have a complex molecular structure. A biological drug must be proved similar in terms of safety, quality, and efficacy to be labeled as a biosimilar. When compared with generic drugs, biosimilars are expensive as it requires significant investments in research and development (R&D), and their production process is comparatively complex.
Download Free Sample Brochure: https://www.imarcgroup.com/biosimilar-market/requestsample
Biosimilar Market Trends:
The global biosimilar market is primarily driven by several initiatives undertaken by the governments of various nations and the key players to encourage the use of biosimilars over branded biologics, primarily due to their cost-effectiveness. Several blockbuster biologic drugs are losing patent protection, which is further providing an impetus to market growth. The increasing cases of chronic diseases, such as cancer and various autoimmune diseases and the rapidly increasing geriatric population are other factors creating a positive outlook for the market.
Competitive Landscape:
Novartis
Pfizer
Teva
Celltrion
Merck & Co
Samsung Bioepis
Eli Lilly
Biocon
Reddy's Laboratories
Amgen
Boehringer Ingelheim
Molecule insights:
Infliximab
Insulin Glargine
Epoetin Alfa
Etanercept
Filgrastim
Somatropin
Rituximab
Follitropin Alfa
Indication Insights:
Auto-Immune Diseases
Blood Disorder
Diabetes
Oncology
Growth Deficiency
Female Infertility
Manufacturing Insights:
In-house Manufacturing
Contract Manufacturing
Regional Insights:
United States
Germany
France
Italy
Spain
United Kingdom
Japan
India
South Korea
Others
Buy full report with TOC & List of Figures: https://www.imarcgroup.com/biosimilar-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Report:
Trade Finance Market: https://www.imarcgroup.com/trade-finance-market
Urea Market: https://www.imarcgroup.com/urea-market
Indian Access Control Biometric Reader Market: https://www.imarcgroup.com/indian-access-control-biometric-reader-market
India Footwear Market: https://www.imarcgroup.com/india-footwear-market
Implantable Medical Devices Market: https://www.imarcgroup.com/implantable-medical-devices-market
Bluetooth Speaker Market: https://www.imarcgroup.com/bluetooth-speaker-market
Saudi Arabia Pet Food Market: https://www.imarcgroup.com/saudi-arabia-pet-food-market
India Facility Management Market: https://www.imarcgroup.com/india-facility-management-market
Indian Access Control Market: https://www.imarcgroup.com/indian-access-control-market
Indian Shrimp Market: https://www.imarcgroup.com/indian-shrimp-market
Contact Us
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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