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Biosimilar Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2022-2027
Biosimilars Market
According to The Business Research Company's Biosimilars market report, the global biosimilars market size reached a value of nearly $11,418.9 million in 2021, having grown at a compound annual growth rate (CAGR) of 34.8% since 2016. The market is expected to grow from $11,418.9 million in 2021 to $25,985.2 million in 2026 at a rate of 17.3%. The market is then expected to grow at a CAGR of 18.0% from 2026 and reach $59,555.8 million in 2031.
High penetration of the biologics is expected to be a driver of market growth during this period. Pharmaceutical companies are shifting towards originator biologics and competitive biosimilar drug development.
Pharma companies had focused on small molecules for decades, but the rate of innovation in that field has slowed dramatically, leading to the shift towards biologics. These research and development (R&D) activities have led to increasing success rates in clinical trials. R&D is being carried out by market leaders as they continuously strive to make breakthroughs in the form of new and effective biologics. This flow of originator biologics will provide the future substrate for biosimilar market growth.
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The Biosimilars market is segmented -
By Type: The biosimilars market is segmented by type into
a) Monoclonal Antibodies
b) Insulin
c) Erythropoietin
d) Granulocyte-Colony Stimulating Factor
e) Other Hormones
f) Others
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Biosimilars market.
Major competitors in the Biosimilars market include Amgen, Pfizer, Novartis AG, Samsung Bioepis Co., Ltd., Viatris.
See The Full Biosimilars Market Report Here:
https://www.thebusinessresearchcompany.com/report/biosimilars-market
The biosimilars market consists of sales of biosimilars and related services that are used to treat chronic diseases such as diabetes, arthritis, and cancer. Biosimilars are pharmaceutical medicines that are manufactured using cell lines and which have been shown not to have any clinically meaningful differences from the originator or reference medicine in terms of quality, safety and efficacy. Biosimilars can only be authorized once the period of data exclusivity on the reference biological medicine has expired.
The Table Of Content For The Biosimilars Market Include:
1. Biosimilars Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Biosimilars market
……
25. Key Mergers And Acquisitions In The Biosimilars Market
26. Market Background: Nursing Care
27. Biosimilars Market Opportunities And Strategies
28. Biosimilars Market, Conclusions And Recommendations
29. Appendix
The Business Research Company's "Global Biosimilar Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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