Biosimilars Market Global Industry Trends, Outlook and Forecast 2025 |Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy's Laboratories, Celltrion and Samsung Biologics

The global biosimilars market is projected to reach USD 107.04 billion by 2025, growing at a CAGR of 33.2%. Increased incidences of chronic diseases and cost-effectiveness are driving the growth of the biosimilars market. A biosimilar is defined as a biologic that is already authorized for use. Here the biologic can be a medicinal substance derived from living organisms such as bacteria or yeast. These biologics can be smaller molecules or complex heavy chained molecules. For a biosimilar to be approved it must possess similarities with the reference medicine.

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Biosimilars usually show high molecular complexity, and are often sensitive to changes in the manufacturing process. Moreover, they are anticipated to swiftly increase market share and foster economic significance as more biologics reach patent expiry. However, regardless of several challenges biosimilars will fanfare in the foreseeable years owing to the increasing financial load on the global healthcare system.

Patent expiries, lower R&D productivity, cost and time pressure has driven the CRO market till now. Over the years of relationship between sponsors and service providers has also changed. CROs have moved from being a service provider to being a preferred vendor and now acting as strategic partners with innovative companies across the globe.

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The Global biosimilars market is divided into various key segments. The segments are based on several factors such as products, regions, type of manufacturing, indication and applications. The global Biosimilars market have a huge variety of products available such as Enoxaparin Sodium, Teriparatide, Calcitonin, Glucagon, Follitropin, Etanercept, Erythropoietin, Interferon, Granulocyte colony-stimulating factor, Recombinant human growth hormone (rhGH), Insulin, Monoclonal antibodies, etc. The Monoclonal antibodies are further classified as Trastuzumab, Adalimumab, Infliximab, Rituximab and several others.

The manufacturing can be done two ways Contract Manufacturing and In-House Manufacturing. Out of these two types the In-House Manufacturing has been dominating the market by contributing a major share in the market. The biosimilars products have applications in various disorder treatments. Some of the diseases that use biosimilars products in the treatment are Infectious Diseases, Growth Hormone Deficiency, Autoimmune Diseases, Chronic Diseases, Blood Disorders, Oncology and several other diseases.

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Another important aspect in the study of market on the global level is regional analysis. The regional study gives clear picture about market performance in various regions. The market has its influence all over the globe. The regions like Latin America and Middle East & Africa, APAC (China, Japan, India, South Korea, Australia, and the RoAPAC), Europe (Germany, France, UK, Italy, Spain, and the RoE) and North America (US and Canada) are considered to be some of the key regions in the global market. The global biosimilars market is highly competitive in nature as the number of vendors in the global industry is huge. There are vendors who are in the market for quite a while now. The companies like Stada Arzneimittel AG (Germany), Coherus Bioscience (US), Biocad (Russia), Gedeon Richter (Hungary), Gan & Lee Pharmaceuticals (China), Chong Kun Dang (South Korea), mAbxience (Switzerland), JCR Pharmaceuticals (Japan), Probiomed (Mexico), Apotex (Canada), Amega Biotech (Argentina), Samsung Biologics (South Korea), Celltrion (South Korea), Amgen (US), Dr. Reddy's Laboratories (India), Teva Pharmaceutical (Israel), Eli Lilly (US), Mylan (US), Merck KgaA (Germany), Fresenius Kabi AG (Germany), Biogen (US), Biocon (India), Sandoz (Germany), Pfizer (US), Boehringer Ingelheim (Germany) are considered to be some of the key vendors among several others.

Key segments of the global biosimilars market

Product Overview, 2015-2025 (USD Billion)

Recombinant Non-glycosylated Proteins

Recombinant Glycosylated Proteins

Recombinant Peptides

Type of Manufacturing Overview, 2015-2025 (USD Billion)

In-house Manufacturing

Contract Manufacturing

Application Overview, 2015-2025 (USD Billion)

Oncology

Blood Disorders

Chronic Diseases

Autoimmune Diseases

Growth Hormone Deficiency

Infectious Diseases

Other Diseases

Regional Overview, 2015-2025 (USD Billion)

North America

U.S.

Canada

Europe

Germany

United Kingdom

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

GCC

South Africa

Rest of MEA

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