ASEAN and China Biosimilars Market CAGR of 29.7% 2021 Demand Analysis, Industry Size-Share Estimation, Top Leading Companies, Future Strategies, Business Opportunities, Growth Statistics, Covid-19 Outbreaks, Revenue and Forecast to 2027

Biosimilars or follow-on-biologics are the “copied” version of reference biologics, which are protected by intellectual rights that are anticipated to expire in future. The development and validation of biosimilars with reference biologics is a crucial part of the overall process. The key driving factor for biosimilars is their implied ability of providing more cost-effective treatment than branded biologics.

The ASEAN and China biosimilars market was valued at $687.6 million in 2017 and is expected to reach $5,506.2 million by 2025 with a CAGR of 29.7% during the forecast period.

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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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Key players operating in the pharmaceuticals industry are largely investing in the development of biosimilars that can be applied for the treatment of several chronic medical conditions. Biosimilars have the potential to offer up to 30% cost reduction as compared to branded biologics. This is attributed to the compact validation pathways that reduce the additional cost of clinical trials, which further assist manufacturers to achieve scale economies.

The key contributing factor to the growth in demand for biosimilars across the ASEAN and Chinese market is the patent expiration of most of the blockbuster drugs in the past few years. However, the biosimilars industry is witnessing issues pertaining to achieving product efficiency while maintaining the required production capacity. This plays a pivotal role in the biosimilars industry considering the large population of ASEAN countries along with China. Progress in improving the product efficiency and quantity is expected to open new avenues for the expansion of the biosimilars market across ASEAN and China.

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The ASEAN and China biosimilars market is segmented into molecule type, application, and region. Based on molecule type, the market is divided into human growth hormone, erythropoietin, monoclonal antibodies, insulin, interferon, granulocyte-colony stimulating factor, and peptide. Based on application, the market is classified into blood disorders, oncology diseases, chronic and autoimmune diseases, growth hormone deficiency, and others. Further, the chronic and autoimmune diseases segment is sub-categorized into diabetes, rheumatoid arthritis (RA), glaucoma, and others. Based on region, the market is analyzed across China and ASEAN region.

Key Benefits ASEAN and China Biosimilars Market:

The study provides an in-depth analysis of the ASEAN and China biosimilars market along with the current trends and future estimations to elucidate the imminent investment pockets.
A quantitative analysis from 2017 to 2025 is discussed to enable the stakeholders to capitalize on the prevailing market opportunities.
A qualitative analysis of the driving factors and opportunities help analyze the competitive scenario of the market.
Porter’s five forces analysis is provided to interpret the bargaining power of the suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.

ASEAN and China Biosimilars Key Market Segments:

By Molecule Type

Human Growth Hormone
Erythropoietin
Monoclonal Antibody
Insulin
Interferon
Granulocyte-Colony Stimulating Factor
Peptide

By Application

Blood Disorders
Oncology Diseases
Chronic and Autoimmune Diseases
Rheumatoid Arthritis (RA)
Diabetes
Glaucoma
Others
Growth Hormone Deficiency
Others

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By Region

China
ASEAN Region
Singapore
Malaysia
Thailand
Indonesia
Philippines
Vietnam
Rest of ASEAN Countries

Key Market Players

3SBIO Inc.
Qilu Pharmaceutical
Novartis International AG (Sandoz International GmbH)
Pfizer Inc. (Hospira)
STADA Arzneimittel
Beijing SL Pharmaceutical Co., Ltd.
Fosun Pharmaceutical (Shanghai Fosun Pharmaceutical Co., Ltd.)
Amgen Inc.
AstraZeneca Plc
Teva Pharmaceutical Industries Ltd.

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This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

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Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

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