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Biosimilar Market 2018: New Investments Expected to Rising Up Till 2024 By Dominated Players 3SBio Inc.,Allergan, Amgen Inc, AstraZeneca, Baxter International Inc., Bharat Serums and Vaccines Limited, BIOSIDUS, Biogen And Others
Biosimilar Market
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The global biosimilar market accounted to USD 3.5 billion in 2016 growing at a CAGR of 27.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Biosimilar Market By Product (Recombinant Non-Glycosylated Proteins, Recombinant Peptides, Recombinant Glycosylated Proteins),Types (Human growth hormone, Erythropoietin, Monoclonal antibodies, Insulin, Interferon, Granulocyte-Colony Stimulating Factor, Peptide), Application (Oncology, Chronic and Autoimmune Diseases, Blood Disorders, Growth Hormone Deficiency, Infectious Diseases & Others), Manufacturing (Contract Manufacturing Organizations, In-House Manufacturing), End User (Retail Pharmacies, Hospitals), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis: Global Biosimilar Market
Biosimilar Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biosimilar market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors: Global Biosimilar Market
• 3SBio Inc.,
• Allergan,
• Amgen Inc.,
• AstraZeneca,
• Baxter,
• Bharat Serums,
• Bio Sidus,
• Biogen,
• BioXpress TherapeuticsSA.,
• Boehringer Ingelheim GmbH,
• Cipla Inc.,
• Emcure Pharmaceuticals Ltd.,
• GeneScience Pharmaceuticals Co., Ltd.,
• Novartis AG,
• Pfizer Inc.,
• Sun Pharmaceutical Industries Ltd.,
• F. Hoffmann-La Roche Ltd,
• Samsung BioLogics,
• Sanofi,
• Zydus Cadila
• Among others
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Major market Drivers and Restraints:
• Increasing Incidence Of Chronic Diseases
• Costly Patented Drugs
• Expanding Geriatric Population
• Technological and Procedural Restrictions
• Nonexistence Of Supervisory Rules
• Customers Brand Inclinations
Market Segmentation: Global Biosimilar Market
• By product the global biosimilar market is segmented into recombinant non-glycosylated proteins, recombinant peptides, and recombinant glycosylated proteins.
• Recombinant non-glycosylated proteins are further segmented into recombinant human growth hormone (RHGH),insulin, granulocyte colony-stimulating factor (Filgrastim), and interferons.
• Recombinant Glycosylated Proteins are again bifurcated into monoclonal antibodies (MABS), erythropoietin (EPO), and follitropin.
• Recombinant Peptidesare again divided into glucagon and calcitonin.
• On the basis oftypes global biosimilar market is segmented intohuman growth hormone, erythropoietin, monoclonal antibodies, insulin, interferon, granulocyte-colony stimulating factor, and peptide.
• On the basis ofthe manufacturingglobal biosimilar market is segmented intocontract manufacturing organizations and in-house manufacturing.
• On the basis ofthe application global biosimilar market is segmented intooncology, chronic and autoimmune diseases, blood disorders, growth hormone deficiency, infectious diseases and others.
• On the basis of end-user the global biosimilar market is segmented into retail pharmacies, and hospitals.
• On the basis of geography, global biosimilar market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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