Global Biosimilars Market: Emerging Trends, Major Key Players Novartis (Sandoz) and Synthon Pharmaceuticals, Inc

According to the report, The global Biosimilars market size is expected to reach $ 66.21 Billion by 2028 growing at the CAGR of 24.27% from 2021 to 2028. The major driver for the Biosimilars market is the increasing prevalence of inflammatory disorders and immune-mediated diseases, globally. In addition to this, the emergence of innovative products of biotechnology and the expansion of the pharmaceutical industry are also positively influencing the market. In addition, increasing R&D activities and the increasing spending power of consumers are also other drivers that are influencing or will influence the global biosimilars market.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global BIOSIMILARS industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Biosimilars market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Biosimilars players holding highest market share include Novartis (Sandoz), Synthon Pharmaceuticals, Inc, Teva Pharmaceutical Industries Ltd and LG Life Science. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Novartis (Sandoz)
• Synthon Pharmaceuticals, Inc
• Teva Pharmaceutical Industries Ltd
• LG Life Sciences
• Celltrion
• Biocon
• Hospira
• Merck Serono (Merck Group)
• Biogen Idec, Inc
• Genentech (Roche Group).

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of BIOSIMILARS Market:
o Human growth hormone
o Erythropoietin
o Monoclonal antibodies
o Insulin
o Interferon
o Granulocyte-Colony Stimulating Factor
o Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of BIOSIMILARS Market:
o Blood disorders
o Oncology diseases
o Chronic and autoimmune diseases
o Growth hormone deficiencies
o Others

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Global Biosimilars Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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