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Insights On The Oncology Biosimilars Global Market To 2032
Oncology Biosimilars Market
As per the oncology biosimilars market report by The Business Research Company, the expiration of the patent of biologics used for the treatment of cancer is driving the production of new oncology biosimilars. Biologics can be patented for a limited period and the expiration of patents for biologics allows the development of new biosimilars. Biologics are targeted drugs synthesized from living organisms that induce the immune system to attack cancer cells. Biosimilars are similar to biologics but are not identical and offer the same effectiveness as biologics at a reduced cost.
The global oncology biosimilars market grew from $4.19 billion in 2022 to $5.38 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oncology biosimilars market is expected to grow from $12.83 billion in 2027 at a CAGR of 24.3%.
Read More On The Oncology Biosimilars Market Report Here:
https://www.thebusinessresearchcompany.com/report/oncology-biosimilar-global-market-report
Major competitors in the oncology biosimilars market include Bitcoin, Celltrion Inc., Dr. Reddy's Laboratories Ltd., Intas Pharmaceuticals Ltd., STADA Arzneimittel AG, Pfizer Inc., Apotex Inc., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, BIOCAD, Amgen, Hospira, F Hoffmann-La Roche, Baxter, Sanofi, Mylan, and F Hoffmann-La Roche.
The oncology biosimilars market is segmented -
• By Drug Type: Monoclonal Antibodies, Immunomodulators, Hematopoietic Agents, Granulocyte Colony-Stimulating Factor (G-CSF)
• By Cancer Type: Breast Cancer, Colorectal Cancer, Blood Cancer, Neutropenia Cancer, Non-Small Cell Lung Cancer, Other Cancer Types
• By Distribution Type: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the oncology biosimilars market.
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Oncology biosimilars refer to biologically similar drugs or medications that are physiologically comparable to biologic cancer treatments. Infection risk is increased by decreased white blood cell counts, which can be treated as a side effect of cancer therapy.
The Table Of Content For The Oncology Biosimilars Market Include:
1. Executive Summary
2. Oncology Biosimilars Market Characteristics
3. Oncology Biosimilars Market Trends And Strategies
4. Oncology Biosimilars Market - Macro Economic Scenario
5. Oncology Biosimilars Market Size And Growth
6. Oncology Biosimilars Market Segmentation
……
27. Oncology Biosimilars Market Competitive Landscape And Company Profiles
28. Oncology Biosimilars Pipeline Analysis
29. Key Mergers And Acquisitions In The Oncology Biosimilars Market
30. Oncology Biosimilars Market Future Outlook and Potential Analysis
31. Appendix
The "Global Oncology Biosimilars Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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