Biosimilars Market to Observe Strong Development of 43.8% CAGR by 2023 | Top Key Players – Pfizer, Eli Lilly, Celltrion Healthcare, Mylan NV, Novartis AG, Teva Pharma

Marketprognosis.com Publish a New Market Research Report On “Global Biosimilars Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Biosimilars Market:

The report spread across 106 pages is an overview of the Global Biosimilars Market. These report study based on the Biosimilars Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Biosimilars Market has been estimated at USD 3474.01 Million in 2017. The market is expected to register a CAGR of 43.8% during the forecast period, 2018 to 2023. North America accounted for the largest market share, accounting for approximately 30% of the global market share in 2017, while Asia-Pacific region was estimated to register the fastest CAGR through the forecast period, 2018-2023.

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Upcoming Decade to Witness Patent Expiration of Several Biopharmaceuticals; In recent past, several blockbuster biologic drugs of major pharmaceuticals companies expired such as remicade, rituxan, herceptin, Enbrel, lantus and others. In the coming decade, there would be rise in the patent expiration of several existing biological drugs such as Erbitux, Avastin, Orencia and others, which would invite many innovator companies as well as generic manufacturers to offer services specially tailored towards biosimilar.

High Investments and Longer Timelines are needed; Development and manufacture of biosimilar are more complex compared to generics. A biosimilar takes around 7 to 8 years for its development with high financial investments between USD 100 million and USD 300 million which considerably much higher than the USD 1 million to USD 5 million for generic production. In addition, the manufacturing complexity in each step involves a high degree of variability and hundreds of controlling input parameters for safety and efficacy. At the same time, factors such as lack of definitive standards for approval and adequate profitability given the greater risk with concerns regarding substitutability and interchangeability, many companies are discouraged in investing in this market which impedes the growth of biosimilar market.

As per the regional analysis, North America accounted for the largest market share, accounting for approximately 30% of the global market share in 2017. The market for North America is highly driven by the presence of many large research laboratories such as Sandoz, Amgen, Teva Pharmaceutical and others. According to a recent report, more than 40 biosimilars are under development, including approximately 20 biosimilars ready to be released into the market, and a large number of biosimilar are in pipeline. Asia Pacific is also expected to grow quickly owing to the immense economic developments and rising biotechnology companies in this region.

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Major Key Players:

1 Pfizer Inc

2 Eli Lilly Aand Company

3 Celltrion Healthcare

4 Mylan NV

5 Novartis AG

6 Samsung Bioepis Co Ltd

7 Stada Arzneimittel AG

8 Teva Pharmaceutical Industries Ltd and More………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

3 Which are the leading market products, applications & regions and how will they perform by 2023?

4 What are the technologies & innovation trends, how will they evolve by 2023?

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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