Monoclonal Antibody Oncology Biosimilars Market will Grow at a CAGR of 29.4% by 2025 end

Cancer is attributed as the second leading cause of fatalities across the world. According to the World Health Organization, an estimated 9.6 million deaths occurred in 2018. Naturally, pharmaceutical companies have boosted cancer treatment drugs production to cater to such a large pool of patients.

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The blood cancers segment is projected to expand the fastest, at a whopping 33.0% CAGR during the forecast period. This is mostly attributed to a rising number of novel drugs in the pipeline of key manufacturers. The blood cancers segment is anticipated to capture more than 1/5th of the total oncology biosimilars market.

However, the neutropenia segment is poised to dominate the global oncological biosimilars market, capturing more than half of the total market share. Expiration of patented blockbuster biologics has paved way for increased usage of biosimilar products in the segment. In 2018, the FDA approved the use of filgrastim-aafi manufactured by Pfizer, for treating neutropenia among patients who have undergone blood cancer treatment. The neutropenia segment is anticipated to expand at a dexterous CAGR of 29.6%.

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Global Oncology Biosimilars Market Regional Insights:

The Asia-Pacific oncology biosimilars market is set to register aggrandizing growth, expanding at a CAGR of 30.7%, thus reaching a position of market dominance. The Asia-Pacific market is poised to capture more than one-third of the overall market. This impressive growth trajectory is attributed to active collaboration within market giants to expand profit pools. For instance, in 2016, Dr. Reddy’s Laboratories collaborated with TR-Pharm to commercialize the former’s three biosimilars in Turkey.

The Oncology Biosimilars market report provides the readers with the below-mentioned insights:

Key trends, including ecological conservation, patented solutions, and globalization.
Consumption pattern of each segment of the market in every region.
Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
Thorough research of effect of the market across various end use industries.

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The Oncology Biosimilars market report gets rid of the following queries:

Which end use has the highest rate of consumption and why?
Which regions are the market players targeting to gain a competitive edge?
What is the growth forecast of the global market in region?
What is the Y-o-Y growth rate of the global market?
Which segment will have the maximum share of the global market by the end of year?

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