Biosimilars Market Forecast 2024-2030: Transformative Changes in Biopharma

Unlocking The Potential:

Biosimilars, also known as the 'generic' version of biologic pharmaceuticals, are set to revolutionise healthcare accessible. These bioequivalent copies hold the key to developing treatments for a wide range of chronic ailments, including cancer, autoimmune disorders, and infectious infections. Biosimilars, which have an identical structure to their reference biologics, provide efficacy and safety while altering the therapeutic landscape.

Overcoming Challenges and Ensuring Quality:

While the biosimilars sector has enormous potential, it is not without problems. Striking a fine balance between cost-cutting and upholding strict quality standards is critical. Regulatory frameworks play an important role in assuring patient safety and trust in these new alternatives. Industry companies are negotiating this terrain by investing in innovative production technology, tight quality control protocols, and coordinated efforts to solve the complexities of biosimilar development.

Expansion and Evaluation of the Biosimilars Market

Biosimilars Market Size was valued at US$ 21 Bn. in 2022. Global Biosimilars Market size is expected to grow at a CAGR of 16.72 % through the forecast period.

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Patient-Centric Approach:

A patient-centered approach is key to the biosimilars revolution. Biosimilars enable patients to actively engage in their healthcare journey by giving them with access to life-changing treatments at lower costs. This transformation not only improves individuals' quality of life, but it also contributes to the overall well-being of communities worldwide.

Biosimilars Market Drivers:

The report identifies and investigates the major factors driving the biosimilars market forward. Factors driving market expansion include rising demand for cost-effective treatment choices, biologic drug patent expirations, and favourable regulatory frameworks. Furthermore, the increased frequency of chronic diseases, as well as the necessity for accessible healthcare treatments, are fueling the biosimilars market's growth.

Dividing the Biosimilars Market:

by Type

Human growth hormone
Erythropoietin
Monoclonal antibodies
Insulin
Granulocyte-colony stimulating factor
Others

Based on Type, the biosimilars market is segmented into Human growth hormone, Erythropoietin, Monoclonal antibodies, Insulin, Granulocyte-colony stimulating factor and others.

by Application

Oncology
Inflammatory
Autoimmune diseases
Chronic diseases
Blood disorders
Growth hormone deficiency
Infectious diseases
Other

Monoclonal antibodies are antibodies that have been developed and produced from the same identical parent immune cell. Applications of Monoclonal antibodies are used for diagnosis, disease treatment and research and monoclonal antibodies in the treatment of cancer, autoimmune disorders and osteoporosis.

by Technology

Recombinant DNA Technology
Monoclonal Antibodies (MAb) Technology

by End User

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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Biosimilars Market Participants:

1. Novartis
2. Pfizer
3. Dr. Reddy's Laboratories Ltd
4. Amgen Inc.
5. Eli Lilly and Company
6. Teva Pharmaceutical Industries Ltd
7. Fresenius SE & Co. KGaA
8. STADA Arzneimittel AG
9. Boehringer Ingelheim
10. Gedeon Richter PLC
11. Celltrion
12. Samsung Biologic
13. Coherus BioSciences
14. Biocon Limited
15. Viatris
16. Amega Biotech
17. Apotex
18. Biocad
19. mAbxience
20. Probiomed
21. Fujifilm Kyowa Kirin Biologics
22. Intas Pharmaceuticals Ltd
23. Thermex
24. Reliance Life Sciences
25. Kashiv Biosciences

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Section Heading: : Biosimilars Industry

Part 01: Executive Summary

Part 02: Scope of the Biosimilars Market Report

Part 03: Biosimilars Market Landscape

Part 04: Biosimilars Market Sizing

Part 05: Biosimilars Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Biosimilars Market Analysis by Region:

In North America, we find the United States, Canada, and Mexico.
Europe encompasses the United Kingdom, France, Germany, Italy, Spain, Sweden, Austria, and the remaining European countries.
The Asia Pacific region includes China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and other APAC nations.
The Middle East and Africa consist of South Africa, GCC countries, Egypt, Nigeria, and other regions within ME&A.
South America comprises Brazil, Argentina, and the rest of the South American countries.

Key Questions Answered in the Biosimilars Market Report are:

 What will be the CAGR of the Biosimilars market during the forecast period?
 Which segment emerged as the leading segment in the Biosimilars market?
 Which are the prominent players in the Biosimilars market?
 What will be the Biosimilars market size by 2029?
 Which company held the largest share in the Biosimilars market?

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