Biosimilar Market 2020 to Witness Huge Growth | Leading Players - Sandoz International, Dr. Reddy’s Laboratories , Mylan N.V., Samsung BioLogics., Amgen, Biocon, Celltrion, Teva Pharmaceuticals, Pfizer

The Biosimilar Market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors & Porter’s Five Forces Analysis. This market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. Moreover, businesses can gain insights into profit growth and sustainability program with this report. The Biosimilar Market report also consists detailed profiles of market’s major manufacturers and importers who are dominating the market.

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Market Analysis: Global Biosimilar Market

Global biosimilar market is set to witness a healthy CAGR of 27.45% in the forecasted period of 2019-2026. This rise in the market can be attributed to the rising occurrence of treatment of range of chronic disease and their prevention.

Key Market Competitors:

Few of the major market competitors currently working in the global biosimilar market are Sandoz International GmbH, Dr. Reddy’s Laboratories Ltd., Mylan N.V., Samsung BioLogics., Amgen Inc, Biocon, Celltrion Inc., Teva Pharmaceutical Industries Ltd., Pfizer Inc, EMD Serono, Inc., Genentech, Inc , WOCKHARDT., Stada Arzneimittel, and others.

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Market Definition: Global Biosimilar Market

Biosimilar are used to record electrical action produced by the human brain. They exhibit high molecular complexity and are quite sensitive to changes in manufacturing processes. EEG device comprises the usage of electrodes to track electrical signals in the person’s brain, and to check for abnormalities in acquired brain signals. They are less expensive as compared to the originators biologic agents as they need not to undergo intensive clinical development process.

Segmentation: Global Biosimilar Market

Biosimilar Market : By Product Type

MRI scanners
CT scanners
PET scanners
Biosimilar (EEG)
Electromyography Devices (EMG)
MEG Devices
TCD Devices
Intracranial Pressure Monitors (ICP)
Electrodes
Sensors
Gels
Cables

Biosimilar Market : By Procedure

Invasive,
Non-Invasive

Biosimilar Market : By Disease

TBI
Stroke
Dementia
Epilepsy

Biosimilar Market : By Indication

Atrial Septal Defect (ASD)
Ventricular Septal Defect (VSD)
Patent Foramen Ovale (PFO)
Aortic Valve Stenosis
Others

Biosimilar Market : By End User

Hospitals
Clinics
Diagnostic Centers

Biosimilar Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In May 2019, STADA Arzneimittel AG came into partnership with Xbrane Biopharma AB for potential development and strategy formulation for their biosimilar, forming commercialization collaborations around Xbrane’s preclinical biosimilar Xcimzane and Xdivane and other biosimilar. This partnership will help them to expand their portfolio and strengthen their position in the market.

In October 2018, Mundipharma announced its acquisition with Cinfa Biotech, thereby strengthening its position in biosimilar market. They are planning to develop biosimilar which will continue to afford healthcare systems. This acquisition will benefit Mundipharma in strengthening its product portfolio, maximizing profits and expand globally.

Biosimilar Market Drivers :

Growing incidences of neurological disorders among population is driving the market growth
Rising demand for EEG devices in hospitals and diagnostics centers is driving market
Growing incidence of traumatic brain injuries will also act as a major market driver
Affordable prices of the biosimilar drug is another important factor driving the market

Biosimilar Market Restraints :

High price of complex brain monitoring devices will restrain the growth of this market
Unfavorable reimbursement policies will restrain the market growth
High manufacturing cost restraints the market growth

Competitive Analysis:

Global biosimilar market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares biosimilar market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report :

Current and future of global biosimilar market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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