Press release
Biosimilar Market Outlook 2018 : Forecasting Trend Study, Global Analysis and Players in Industry Like Boehringer Ingelheim, Baxter International Inc., Cipla, 3SBio Inc., Emcure Pharmaceuticals Limited, Allergan, AstraZeneca, Amgen, BIOSIDUS, Bharat Serum
Biosimilar
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The global 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. Some of the major players operating in global biosimilar market are
· 3SBio Inc.,
· Allergan,
· Amgen Inc.,
· AstraZeneca,
· Baxter,
· Bharat Serums,
· Bio Sidus,
· Biogen,
· BioXpress TherapeuticsSA.,
· Boehringer Ingelheim GmbH,
· Cipla Inc.,
Others: Emcure Pharmaceuticals Ltd., GeneScience Pharmaceuticals Co., Ltd., Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd., F. Hoffmann-La Roche Ltd, Samsung BioLogics, Sanofi, and Zydus Cadila among others
A biosimilar (called as follow-on biologic and subsequent entry biologic) is a biologic medical product that ispractically an identical copy of an original product that is man-made.Biosimilars are made only when the patent for the original product gets expired.Guidelines for biosimilars play a major role in retaining the viability and stability between original and biosimilars products. Numerous regulatory authorities which include EMA and FDA actively regulate the biosimilars commercialization and development.
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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
o Recombinant Non-Glycosylated Proteins
o Recombinant Peptides
o Recombinant Glycosylated Proteins
· Recombinant non-glycosylated proteins are further segmented into recombinant
o Human growth hormone (RHGH)
o Insulin, granulocyte colony-stimulating factor (Filgrastim)
o Interferons
· Recombinant Glycosylated Proteins are again bifurcated into
o Monoclonal antibodies (MABS)
o Erythropoietin (EPO)
o Follitropin
· Recombinant Peptides are again divided into
o Glucagon
o Calcitonin
· On the basis of types global biosimilar market is segmented into
o Human Growth Hormone
o Erythropoietin
o Monoclonal Antibodies
o Insulin
o Interferon
o Granulocyte-Colony Stimulating Factor
o Peptide
· On the basis of the manufacturing global biosimilar market is segmented
o Into contract manufacturing organizations
o In-house manufacturing
· On the basis of the application global biosimilar market is segmented into
o Oncology
o Chronic and autoimmune diseases
o Blood disorders
o Growth hormone deficiency
o Infectious diseases and others
· On the basis of end-user the global biosimilar market is segmented into
o Retail pharmacies
o 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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