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Biosimilar Market Size, Share, Analysis and Forecast 2021-2026

09-10-2021 11:00 AM CET | Health & Medicine

Press release from: IMARC Services Private Limited

Biosimilar Market Size, Share, Analysis and Forecast 2021-2026

According to the global biosimilar market report by IMARC Group, the market reached a value of US$ 7.7 Billion in 2020. Biosimilars refer to biotherapeutic drugs that are highly similar to the reference biologics in terms of safety, purity, and bioactivity. Significant expertise and state-of-the-art technology are required for their development and manufacturing, owing to which they entail a higher cost as compared to small molecule generics.

Biosimilar Market Trends:

With the evolving regulatory framework for biosimilars, their cost has been significantly reduced as the governments of various nations have started approving their production and marketing. This has also lowered the value of the treatment for a variety of chronic diseases, including cancer, autoimmune disorders, and chronic kidney and infectious diseases. Along with this, the patent expiry of a number of blockbuster biological drugs has created positive growth prospects for the biosimilar market. Moreover, several leading companies have increased their research and development (R&D) activities to develop complex and differentiated products either through acquisitions or building their capabilities. For instance, Eagle Pharmaceuticals Inc. has acquired the private biotech company, Arsia Therapeutics Inc., to enhance its competencies in biosimilars.

Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/biosimilar-market/requestsample

Market Segmentation

Breakup by Molecule

Infliximab
Insulin Glargine
Epoetin Alfa
Etanercept
Filgrastim
Somatropin
Rituximab
Follitropin Alfa

Breakup by Type of Manufacturing

In-house Manufacturing
Contract Manufacturing

Breakup by Indication

Auto-Immune Diseases
Blood Disorder
Diabetes
Oncology
Growth Deficiency
Female Infertility

Breakup by Region

Europe
Italy
Germany
France
United Kingdom
Spain
Rest of Europe
United States
Japan
India
South Korea
Rest of the World

Some of the major players in the market are Novartis AG (NYSE: NVS), Pfizer Inc. (NYSE: PFE), Teva Pharmaceutical Industries Ltd (NYSE: TEVA), Celltrion, Merck & Co, Samsung Bioepis, Eli Lilly, Biocon, Amgen, Dr. Reddy’s Laboratories, Boehringer Ingelheim, etc.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/biosimilar-market

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Contact US:

IMARC Group
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Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About IMARC Group:

IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the lobster industry, which has enabled the clients to set up and expand their businesses successfully.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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