Data Bridge Market Research analyses that the oncology biosimilars market was valued at USD 4.00 billion in 2021 and is expected to reach USD 15.55 billion by 2029, registering a CAGR of 18.5% during the forecast period of 2022 to 2029

A biosimilar is a biological product that closely mimics and is identical to a previously approved reference product. These are less expensive than branded or certified items. Several oncology biologics have already lost their patents, and others are about to expire. Biosimilars are predicted to gain popularity as more products lose their patents. Leading generic companies including Allergan Plc., Teva Pharmaceutical Industries Ltd., Mylan N.V., and Sandoz (a Novartis International AG division) are likely to benefit from these patent expirations and position themselves as market leaders in oncology biosimilars.

Some of the major players operating in the oncology biosimilars market are:
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Novartis AG (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd.(Israel)
• Sanofi (France)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Zydus Cadila (India)
• Lupin (India)
• Amneal Pharmaceuticals LLC. (U.S.)
• Cipla Inc. (U.S.)

Get More Info : https://www.databridgemarketresearch.com/reports/global-oncology-biosimilars-market

Competitive Landscape and Oncology Biosimilars Market Share Analysis
The oncology biosimilars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oncology biosimilars market.

Data Bridge Market Research analyses that the oncology biosimilars market was valued at USD 4.00 billion in 2021 and is expected to reach USD 15.55 billion by 2029, registering a CAGR of 18.5% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Recent Development
In December 2020, Amgen had received United States Food and Drug Administration (USFDA) approval of RIABNI (rituximab-arrx). RIABNI (rituximab-arrx) is a biosimilar to rituximab which is used for the treatment of adult patients suffering from non-Hodgkin's lymphoma, chronic lymphocytic leukemia, Wegener's granulomatosis and microscopic polyangiitis (MPA).

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