Press release
Biosimilars Market could be worth US$ 18,435.89 million by 2028, Says Premium Market Insights
The biosimilars market was valued at US$ 18,435.89 million in 2021 and is expected to reach US$ 136,069.53 million by 2028; it is estimated to record a CAGR of 34.8% from 2022 to 2028.Biosimilars Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Disease Indication (Cancer, Diabetes, Autoimmune Diseases, and Other Diseases), Drug Class (Granulocyte Colony-Stimulating Factors, Human Growth Hormone, Insulin, TNF Blockers & Monoclonal Antibodies, Erythropoietin-Stimulating Agents, and Others), Route of Administration (Intravenous, Subcutaneous, and Others), and End UGet PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00000686?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Biosimilars Market:
The biosimilars market growth is attributed to the increasing prevalence of chronic diseases, the cost-effectiveness of biosimilar drugs, and the increase in approvals of biosimilars. However, high-cost involvement and complexities in biosimilar product manufacturing restrain the biosimilars market growth. The Food and Drug Administration (FDA) approves biosimilar products and provides the scientific and regulatory advice needed to bring safe and effective biosimilars to market. The approval of biosimilar products can improve patient care by increasing the number of medication options at potentially lower costs. A few recent approvals of biosimilar products are mentioned in the following table. By collaborating with other companies planning to research, launch, and market biosimilar drugs, biosimilar manufacturers can develop their products rapidly and launch products effectively in a way that overcomes patent risks and gains clinician and patient confidence in the product. Product development can be expedited by gaining local and foreign expertise, development platform access, and research and clinical trial funding.
Biocon Ltd
Sanofi-Aventis
Celltrion Inc.
Amgen Inc.
Pfizer Inc.
Samsung Bioepis
Sanofi SA
Coherus BioSciences Inc
Reddy's Laboratories Ltd
Eli Lilly and Co
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Chapter Details of Biosimilars Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Biosimilars Market Landscape
Part 04: Biosimilars Market Sizing
Part 05: Biosimilars Market Segmentation by Product
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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