Biosimilar Monoclonal Antibodies Market | Size, Share and Scope Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " "Global Biosimilar Monoclonal Antibodies Market by Product (infliximab, trastuzumab, rituximab, adalimumab, bevacizumab, cetuximab, ranibizumab, denosumab, eculizumab, and other pipeline products), Indication (oncology, inflammatory & autoimmune disorders, chronic diseases, blood disorders, and other indications), Clinical Trial/Pipeline Analysis, Future Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research, the global biosimilar monoclonal antibodies market is valued at US$ 4.98 Billion in 2021, and it is expected to reach US$ 36.85 Billion by 2030, with a CAGR of 25% during the forecast period of 2022-2030.

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Biosimilars are biological therapeutics. In terms of quality, efficacy, and safety, they are equivalent to an innovative reference medicinal product. Biosimilar Monoclonal Antibodies are complex biological macromolecules that have undergone numerous post-translational modifications. These biosimilars are widely employed in the treatment of numerous chronic, inflammatory, and autoimmune conditions. The Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMEA) in Europe regulate biosimilars.
Increasing demand for cost-effective biosimilars, rising production of advanced monoclonal antibodies, a growing geriatric population, and the prevalence of chronic diseases such as cancer, kidney failure, rheumatoid arthritis, psoriasis, and diabetes all contribute to the growth of the global biosimilar monoclonal antibodies market. In addition, the growing number of Monoclonal Antibodies (mAbs) whose patents are set to expire in the coming years is anticipated to boost the market's growth prospects over the forecast period. Increased patent expirations of effective antibodies have prompted pharmaceutical companies to develop biosimilars for mAbs, which is expected to boost the market during the forecast period.

However, the growth of the market is anticipated to be hampered by the complexities of manufacturing biological drugs, the dearth of clinical trial expertise, strict government policies for product approvals, and the lack of understanding among manufacturers regarding biosimilars regulation and approval.

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Major market players operating in the biosimilar monoclonal antibodies market include Pfizer (US), Novartis (Switzerland), Allergan (Ireland), Coherus BioSciences (US), Biocon (Bengaluru), Amgen (US), Boehringer Ingelheim (Germany), Celltrion (South Korea), BioXpress Therapeutics (Switzerland), Intas Pharmaceuticals Limited (Gujarat), Genor BioPharma Co. Ltd (China), BIOCAD (Russia) among others.

Key developments in the market:
• In July 2021, Abzena (UK), a global partner research organization for biologics and bioconjugates, and BioXpress Therapeutics (Switzerland) collaborated to support biosimilar development for third-party customers. This partnership created an integrated solution between two leading service providers in biosimilar development and GMP manufacture.
• In February 2020, Mylan (US) launched its trastuzumab biosimilar, Ogivri. Trastuzumab is a monoclonal antibody used to treat human epidermal growth factor receptor 2 (HER2)-receptor-positive breast cancer, previously marketed by Genentech as Herceptin.
• In June 2019, Amgen (US) and Allergan (Ireland) announced the FDA approval for KANJINTI™ (trastuzumab-anns). It is approved for all indications of the reference product, Herceptin® (trastuzumab), providing an additional treatment option for patients across three types of cancer.

Market Segments
Global Biosimilar Monoclonal Antibodies Market, by Product, 2020-2030 (Value US$ Mn)
• Infliximab
• Trastuzumab
• Rituximab
• Adalimumab
• Bevacizumab
• Cetuximab
• Ranibizumab
• Denosumab
• Eculizumab
• Other Pipeline Products

Global Biosimilar Monoclonal Antibodies Market, by Indication, 2020-2030 (Value US$ Mn)
• Oncology
• Inflammatory & Autoimmune Disorders
• Chronic Diseases
• Blood Disorders
• Other Indication

Global Biosimilar Monoclonal Antibodies Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Biosimilar Monoclonal Antibodies Market, by Country, 2020-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Biosimilar Monoclonal Antibodies Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Biosimilar Monoclonal Antibodies Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Biosimilar Monoclonal Antibodies Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Biosimilar Monoclonal Antibodies Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should get this report:
 To receive a thorough clinical trial/pipeline analysis of the prospects for the global biosimilar monoclonal antibodies market
 To get an market overview and future trends of the biosimilar monoclonal antibodies industry
 To analyze the biosimilar monoclonal antibodies market drivers and challenges
 To get information on the biosimilar monoclonal antibodies market size (Value US$ Mn) forecast to 2030
 Major investments, mergers & acquisitions in the biosimilar monoclonal antibodies market industry

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