Press release
Biosimilar Monoclonal Antibody Market is booming | CAGR 35.7% over the forecast period 2019-2026
Global Biosimilar Monoclonal Antibody Market is valued approximately at USD 27.84 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 35.70% over the forecast period 2019-2026.The biosimilar monoclonal antibody market report is a comprehensive study, focusing on market influencing factors, competitive landscape, data, trends, information, and exclusive vital statistics of the market.
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Biosimilar monoclonal antibodies can be known as a biological molecule derived by the organisms and living cells. Also, it displays a certain level of variability which can be attributed to the variations in the biological expression systems of the recombinant. In addition, biosimilar monoclonal antibodies are widely used in various fields of diagnostics of diseases such as oncology, autoimmune and in various chronic diseases. The Biosimilar Monoclonal Antibody market to witness prominent growth owing to the incorporation of advanced mAbs (Monoclonal Antibodies). As a result, the demand & adoption for Biosimilar Monoclonal Antibody would increase thereby, making its way for the growth of the market.
The growth of the market is primarily driven by the increase in prevalence of diseases, such as cancer and rheumatoid arthritis and growth in geriatric population globally. For Instance: according to World Cancer Research Fund International (WCRFI), breast cancer is the most common form of cancer in women worldwide with an average 2million new cases being detected every year. American Cancer Research Society (ACRS) anticipates by 2030, incident rate of breast cancer is expected to reach over 9.9million cases with over 5.5million annual deaths, primarily due to aging population. Similarly, as per the European Breast Cancer Coalition, incidence in the EU-28 in 2018 was estimated to be around 404,920.
Thus, the demand for biosimilar monoclonal antibodies would increase as these drugs are normally administered in the treatment of cancer, chronic lymphocytic and leukemia. However, unfavorable government regulations in developed regions along with the high cost associated with the manufacturing process of these drugs are expected to impede the growth of the market over the forecast period.
Some major parameters were considered to forecast the current estimates of the Market:
• Market driving trends
• Predicted opportunities
• Challenges and restraints to be faced
• Technological developments in biosimilar monoclonal antibody market
• Other developments, e.g. Infrastructural
• Consumer preferences
• Government regulations
• Consumer spending dynamics and trends
Market Overview
The report includes detailed information about market drivers, restraints, challenges, threats, and potential growth opportunities of biosimilar monoclonal antibody market. The report consists of precise qualitative information such as Porter’s five forces, PESTLE Analysis, and value chain analysis.
Competitive Landscape:
Geographically, biosimilar monoclonal antibody market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer. The competitive analysis of leading market players is another notable feature of the biosimilar monoclonal antibody market report; it identifies direct or indirect competitors in the market. The report offers company profile of market players alongside product picture and it’s specifications, biosimilar monoclonal antibody market plans, and technology adopted by them, future development plans. In addition, strength and weaknesses analysis of biosimilar monoclonal antibody market competitive firms gives competitive advantages so that the efficiency and the productivity of companies are improved.
Major market player included in this report are:
Allergan plc
BIOCAD BioXpress
Therapeutics SA
Biocon Limited
Boehringer Ingelheim GmbH
Celltrion Inc
Coherus BioSciences Inc
Dr. Reddys Laboratories Ltd
Genor BioPharma Co Ltd
Intas Pharmaceuticals Limited
Market Segmentation:
By Type:
Synthetic Chemicals
Biopharmaceuticals
Others
By Application:
Chronic & Autoimmune Diseases
Oncology
Others
The regional analysis of global Biosimilar Monoclonal Antibody market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to hold a notable share in the world in terms of revenue owing to the presence of advanced healthcare facilities along with the increasing adoption of biosimilar monoclonal antibodies. The dominance of the region is witnessed owing to the ongoing government activities to develop advanced and novel drugs. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as rising public-private initiative aimed towards boosting advance research practices and increase investment to promote Biosimilar Monoclonal Antibody research is expected to create lucrative prospects for the growth pf the region during the forecast period of 2019-2026.
Some of the Major Highlights of TOC covers:
Development Trend of Analysis of biosimilar monoclonal antibody market
• Global Biosimilar Monoclonal Antibody Market Trend Analysis
• Global Biosimilar Monoclonal Antibody Market Size (Volume and Value) Forecast 2020-2026
Marketing Channel
• Direct Marketing
• Indirect Marketing
• Global Biosimilar Monoclonal Antibody Market Customers
Manufacturing Cost Structure Analysis
• Raw Material and Suppliers
• Manufacturing Cost Structure Analysis of biosimilar monoclonal antibody market
• Manufacturing Process Analysis of biosimilar monoclonal antibody market
• Industry Chain Structure of biosimilar monoclonal antibody market
Development and Manufacturing Plants Analysis of biosimilar monoclonal antibody market
• Capacity and Commercial Production Date
• Global biosimilar monoclonal antibody market Manufacturing Plants Distribution
• Major Manufacturers Technology Source and Market Position of biosimilar monoclonal antibody market
• Recent Development and Expansion Plans
Key Figures of Major Manufacturers
• Global Biosimilar Monoclonal Antibody Market Production and Capacity Analysis
• Global Biosimilar Monoclonal Antibody Market Revenue Analysis
• Global Biosimilar Monoclonal Antibody Market Price Analysis
• Market Concentration Degree
Key Question Answered in Report:
• What are the strengths and weaknesses of the biosimilar monoclonal antibody market?
• What are the different marketing and distribution channels?
• What is the current CAGR of the biosimilar monoclonal antibody market?
• What are the biosimilar monoclonal antibody market opportunities in front of the market?
• What are the highest competitors in biosimilar monoclonal antibody market?
• What are the key outcomes of SWOT and Porter’s five techniques?
• What is the biosimilar monoclonal antibody market size and growth rate in the forecast period?
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