Press release
Global Biosimilar Market growing from USD 3.5 billion to growing CAGR of 27.0%
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.
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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:
•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.
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Major Market Competitors:
Some of the major players operating in global biosimilar market are3SBio 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, and Zydus Cadila among others
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