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Biosimilars Market Growing Popularity And Emerging Trends | Pfizer Inc., Novartis AG, Amgen Inc., Biocon, Samsung Bioepis, Mylan N.V., Viatris Inc.
Biosimilars Market
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Biosimilars are biological products that are approved by the FDA to be highly similar to an already-approved biological product, known as a reference product. Biosimilars are also called subsequent entry biologics (SEBs). Biosimilars can be used to treat the same conditions as the reference product.
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Top Key Players in Biosimilars market: Pfizer Inc., Novartis AG, Amgen Inc., Biocon, Samsung Bioepis, Mylan N.V., Viatris Inc.
Key Trends
The biosimilars market is expected to grow significantly in the next few years. The key drivers of this growth include the expiry of patents for biologic drugs, the increasing number of biosimilar products in development, and the growing awareness of biosimilars among patients and healthcare providers.
Key Drivers
The expiry of patents for biologic drugs is the primary driver of the biosimilars market. Biologic drugs are large, complex molecules that are difficult to replicate. As a result, when patents for these drugs expire, there are few companies that are able to produce biosimilars. The increasing prevalence of chronic diseases is also a driver of the biosimilars market.
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Market Segments
By Product
Insulin
Granulocyte Colony-Stimulating Factor
Erythropoietin
Others
By Application
Oncology
Blood Disorders
Growth Hormonal Deficiency
Others
Reasons to buy Biosimilars Report:
Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
How is the market structured and what the key drivers and trends of this industry?
How is the market segmented and what is the size of each segment?
Which segments and geographies provide best growth opportunities?
What's the competitive landscape and positioning of players in this market?
What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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