Press release
US Biosimilar Market Size, Share, Growing Trends and Report Forecast 2023-2028
According to IMARC Group's latest research report, titled "United States Biosimilar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the United States biosimilar market. The report also includes
How Big Is the United States Biosimilar Market?
The United States biosimilar market is projected to exhibit a growth rate (CAGR) of 21.4% during 2023-2028. The increasing need for cost-effective treatments due to rising healthcare costs, the escalating number of collaborations and partnerships between companies, and investment in education and clear communication strategies around biosimilars are some of the key factors driving the market.
What is Biosimilar?
Biosimilar refers to biological products that are similar to, but not identical to, an already approved reference biologic medicine. It comprises interchangeable and non-interchangeable biosimilars, which are not deemed interchangeable with the reference biologic and require healthcare provider involvement in the decision to switch or initiate treatment. It relies on comprehensive testing to demonstrate its similarity with the reference product, including structural, functional, and pharmacokinetic studies. It is passed through an immunogenicity assessment to identify potential risks related to the development of antibodies. Furthermore, as biosimilar can reduce treatment costs significantly, making healthcare more affordable and accessible, its demand is rising in the United States.
Request a PDF sample of report: https://www.imarcgroup.com/united-states-biosimilar-market/requestsample
United States Biosimilar Market Trends and Drivers:
At present, the increasing demand for biosimilars in oncology for the treatment of cancer, as well as in the management of autoimmune diseases like rheumatoid arthritis, psoriasis, and Crohn's disease, represents one of the crucial factors impelling the growth of the market in the United States. Besides this, the rising prevalence of chronic ailments, such as cancer, diabetes, and autoimmune conditions, is propelling the growth of the market. In addition, the growing advancements in manufacturing technologies and analytical techniques to improve the quality and consistency of biosimilar products are offering a favorable market outlook. Apart from this, the increasing focus on providing access to advanced biological treatments to patients is bolstering the growth of the market in the United States.
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=11073&flag=C
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Molecule Insights:
• Infliximab
• Insulin Glargine
• Epoetin Alfa
• Etanercept
• Filgrastim
• Somatropin
• Rituximab
• Follitropin Alfa
• Adalimumab
• Pegfilgrastim
• Trastuzumab
• Bevacizumab
• Others
Manufacturing Type Insights:
• In-house Manufacturing
• Contract Manufacturing
Indication Insights:
• Auto-Immune Diseases
• Blood Disorder
• Diabetes
• Oncology
• Growth Deficiency
• Female Infertility
• Others
Regional Insights:
• Northeast
• Midwest
• South
• West
Key Benefits for Stakeholders:
• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States biosimilar market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States biosimilar market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States biosimilar industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Explore More Reports:
United States Autocatalyst Market Report: https://www.imarcgroup.com/united-states-autocatalyst-market
United States In Vitro Diagnostics Market Report: https://www.imarcgroup.com/united-states-in-vitro-diagnostics-market
United States Tooling Market Report: https://www.imarcgroup.com/united-states-tooling-market
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
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.
How Big Is the United States Biosimilar Market?
The United States biosimilar market is projected to exhibit a growth rate (CAGR) of 21.4% during 2023-2028. The increasing need for cost-effective treatments due to rising healthcare costs, the escalating number of collaborations and partnerships between companies, and investment in education and clear communication strategies around biosimilars are some of the key factors driving the market.
What is Biosimilar?
Biosimilar refers to biological products that are similar to, but not identical to, an already approved reference biologic medicine. It comprises interchangeable and non-interchangeable biosimilars, which are not deemed interchangeable with the reference biologic and require healthcare provider involvement in the decision to switch or initiate treatment. It relies on comprehensive testing to demonstrate its similarity with the reference product, including structural, functional, and pharmacokinetic studies. It is passed through an immunogenicity assessment to identify potential risks related to the development of antibodies. Furthermore, as biosimilar can reduce treatment costs significantly, making healthcare more affordable and accessible, its demand is rising in the United States.
Request a PDF sample of report: https://www.imarcgroup.com/united-states-biosimilar-market/requestsample
United States Biosimilar Market Trends and Drivers:
At present, the increasing demand for biosimilars in oncology for the treatment of cancer, as well as in the management of autoimmune diseases like rheumatoid arthritis, psoriasis, and Crohn's disease, represents one of the crucial factors impelling the growth of the market in the United States. Besides this, the rising prevalence of chronic ailments, such as cancer, diabetes, and autoimmune conditions, is propelling the growth of the market. In addition, the growing advancements in manufacturing technologies and analytical techniques to improve the quality and consistency of biosimilar products are offering a favorable market outlook. Apart from this, the increasing focus on providing access to advanced biological treatments to patients is bolstering the growth of the market in the United States.
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=11073&flag=C
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Molecule Insights:
• Infliximab
• Insulin Glargine
• Epoetin Alfa
• Etanercept
• Filgrastim
• Somatropin
• Rituximab
• Follitropin Alfa
• Adalimumab
• Pegfilgrastim
• Trastuzumab
• Bevacizumab
• Others
Manufacturing Type Insights:
• In-house Manufacturing
• Contract Manufacturing
Indication Insights:
• Auto-Immune Diseases
• Blood Disorder
• Diabetes
• Oncology
• Growth Deficiency
• Female Infertility
• Others
Regional Insights:
• Northeast
• Midwest
• South
• West
Key Benefits for Stakeholders:
• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States biosimilar market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States biosimilar market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States biosimilar industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Explore More Reports:
United States Autocatalyst Market Report: https://www.imarcgroup.com/united-states-autocatalyst-market
United States In Vitro Diagnostics Market Report: https://www.imarcgroup.com/united-states-in-vitro-diagnostics-market
United States Tooling Market Report: https://www.imarcgroup.com/united-states-tooling-market
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
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.
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