Press release
Biosimilars Market Size, Share, Growth, Industry Analysis and Forecast 2019-2025
The global biosimilars market is estimated to grow at a significant CAGR during the forecast period. The factors that drive the global biosimilars market include the increasing demand for biopharmaceuticals, rising geriatric population, and rapid R&D activities by the players in the field along with technological advancement. Moreover, according to the Pharmaceutical Research and Manufacturers of America (PhRMA) in 2016, the biopharmaceuticals manufacturers located in the US invested $90 billion for R&D activities.A full report of Global Biosimilars Market is available at: https://www.omrglobal.com/industry-reports/biosimilars-market
Moreover, the global biosimilars market is also gaining traction owing to the rise in R&D activities that promotes the utilization of alternative medications. With this move, the companies are targeting developing economies that are expected to attract a significant customer base.
R&D by key players to significantly drive the biosimilars market
Some of the prominent players operating in the global biosimilars industry include Eli Lilly and Co., Merck & Co. Inc., Mylan NV, Biocon Ltd., Novartis International AG, Allergan Plc., Amgen Inc., F. Hoffmann-La Roche Ltd., Teva Pharmaceuticals Ltd., and Pfizer Inc., among others. These are the key companies providing various biosimilars in the market. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/biosimilars-market
In November 2018, Sandoz International GmbH, a Novartis company announced the R&D activities for the development of the biosimilar portfolio for unmet access and sustainability needs, and it will not buy US biosimilar rituximab, that will aid the company in enhancing its R&D activities.
In September 2019, Sandoz International GmbH, a Novartis company announced that the company has entered into an agreement regarding the proposed natalizumab biosimilar, which is in phase III of the clinical development. Thus, this created more growth opportunities for the company to grow its business.
In June 2019, Eli Lily Co. announced the launch of the lower-priced authorized biosimilar version of its diabetes treatment Humalog (insulin lispro) in the US. The launch of new products aids the company to improve its product portfolio.
Current Market Trends Covered in the Global Biosimilar Market Report:
o Increased spending on the healthcare infrastructure by key companies and government is positively affecting the biosimilars market growth
o The oncology segment will account for a significant share in the market
o North America region will register a significant growth rate in biosimilars market globally
Global Biosimilars Market Report- Segmentation
By Product
o Recombinant Non-Glycosylated Proteins
o Recombinant Glycosylated Proteins
By Applications
o Oncology
o Chronic and Autoimmune Disease
o Blood Disorders
o Growth Hormone Deficiency
o Other Diseases
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/biosimilars-market
Global Biosimilars Market - Segment by Region
North America
o United States
o Canada
Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Rest of the Asia-Pacific
Rest of the World
o Middle East & Africa
o Latin America
Company Profiles
o Allergan Plc
o AMEGA Biotech SA
o Amgen Inc.
o Biocon Ltd.
o Biogen Inc.
o Boehringer Ingelheim International GmbH
o Celltrion Healthcare Co. Ltd.
o Dr. Reddy's Laboratories Ltd.
o Eli Lilly and Co.
o F. Hoffmann-La Roche Ltd.
o Fresenius Kabi AG
o Intas Pharmaceuticals Ltd.
o JCR Pharmaceuticals Co. Ltd.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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