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Biosimilars Market Provides Information on the Historical and Current Market Size and the Future Potential of the Market
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Patent expiration of biological reference product is the key factor leading to development of biosimilars. These are composed of complex molecules such as monoclonal antibodies and human insulin. Advanced technologies are involved in the development and manufacturing of biosimilars that include monoclonal antibody (MAb) technology, nuclear magnetic resonance (NMR)technology, recombinant DNA (r-DNA) technology, electrophoresis and bioassays.
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Monoclonal antibody technology and bioassay are most significant technologies for the development and validation of biosimilars. Most of the biologics, such as monoclonal antibodies, anticoagulants, and vaccines are large molecules which need to be administered parenterally to achieve the desired therapeutic effects. These complex biosimilars are used in prevention and treatment of diabetes, multiple sclerosis, cancer, rheumatoid arthritis, inflammatory bowel diseases, low white blood cell count, anemia, infectious diseases, chronic kidney failure and other health conditions and offers cost effective treatment than other synthetic and biological drugs.
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Global Biosimilars market has been witnessing growth driven by increasing prevalence of chronic and autoimmune diseases, growing demand of cost-effective medicinal products and growing aging population. According to World Cancer Research Fund International, 14.1 million cancer cases were estimated in 2012 and is expected to increase to 24 million by 2035.
Some of the key players in the global biosimilars market include Sandoz International GmbH, Pfizer Inc., Merck Serono (Merck Group) Teva Pharmaceuticals Industries Ltd., Biocon Ltd, Biogen Idec, Inc. Dr. Reddy’s Laboratories, Amgen Inc., Celltrion, Inc, F.Hoffmann-La Roche Ltd, Samsung Bioepis and Synthon Pharmaceuticals, Inc.
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