Biosimilar Market Size, Share, Application, Key Trends, Growth Analysis Forecast Duration 2022-2030

Global Biosimilar Market is expected to be valued at USD 159.02 Billion by 2030 from USD 15.6 Billion in 2021, at a CAGR of 23.5% during the forecast period of 2021 to 2030.

A biotherapeutic product that is extremely similar to a reference biologic medication is referred to as a biosimilar, also known as a follow-on biologic. It has a complicated molecular structure and is made from living things or cells. Manufacturers rely on regulatory authority authorisation to launch the production of biosimilars when the patent on a biologic medication expires. A biological medication must be demonstrated to be identical in terms of quality, safety, and efficacy in order to be labelled as a biosimilar. Biosimilars are more expensive than generic medications because their production needs greater investment in R&D and is more complicated.

Biosimilars are a popular option for treating numerous chronic and uncommon diseases around the world due to their affordability. Cost-effectiveness is therefore a key element driving up product demand in this market.

A biotherapeutic product that is extremely similar to a reference biologic medication is referred to as a biosimilar, also known as a follow-on biologic. It has a complicated molecular structure and is made from living things or cells. Manufacturers rely on regulatory authority authorisation to launch the production of biosimilars when the patent on a biologic medication expires. A biological medication must be demonstrated to be identical in terms of quality, safety, and efficacy in order to be labelled as a biosimilar. Biosimilars are more expensive than generic medications because their production needs greater investment in R&D and is more complicated.

Globally, the burden of chronic diseases has increased. The ageing population and shifting lifestyles of the people can be partly blamed for the rise in the prevalence of chronic diseases. Some of the most prevalent chronic diseases include diabetes, hypertension, stroke, respiratory and oral illnesses, obesity, arthritis, and cancer. On the other hand, the treatment of cancer and rheumatoid arthritis with biosimilar monoclonal antibodies is widely employed.

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Global Biosimilar Market: Segment Analysis

Top Key Players

• LG Life Sciences
• Fresenius SE & Co. KGaA
• Pfizer, Inc.
• Hospira
• STADA Arzneimittel AG
• Reddy’s Laboratories Ltd.
• Eli Lilly and Company
• Genentech (Roche Group).
• Synthon Pharmaceuticals, Inc.
• Celltrion
• Boehringer Ingelheim
• Amgen, Inc.
• Gedeon Richter PLC
• Merck Serono (Merck Group)
• Teva Pharmaceutical Industries Ltd.
• Biocon Limited
• Samsung Biologics
• Biogen idec, Inc.
• Coherus BioSciences
• Viatris, Inc
• Fujifilm Kyowa Kirin Biologics Co., Ltd.

Biosimilar Market segment based on Molecule

• Filgrastim
• Rituximab

Segmentation based on Indication Insights

• Oncology
• Female Infertility

Segmentation based on Manufacturing

• Contract Manufacturing
• In- house Manufacturing

Table of Contents

1. Global Biosimilar Market Introduction and Market Overview
2. Global Biosimilar Market - Executive Summary
3. Biosimilar Market Trends, Outlook, and Factors Analysis
4. Global Biosimilar Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Component
7. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Biosimilar Market Estimates & Forecast Trend Analysis, by End Use
9. Global Biosimilar Market Analysis and Forecast, by Region
10. North America Biosimilar Market: Estimates & Forecast Trend Analysis
11. Europe Biosimilar Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Biosimilar Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Biosimilar Market: Estimates & Forecast Trend Analysis
14. Latin America Biosimilar Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations

COVID-19 impact on the Biosimilar Market:-

The coronavirus disease of 2019 (COVID19) is an acute respiratory infectious disease brought on by the SARS-CoV2 coronavirus. Before the outbreak started in Wuhan, China, in December 2019, COVID-19 was largely unknown. In just a few weeks, it went from a local issue to a worldwide pandemic. On March 11, 2020, the World Health Organization (WHO) classified COVID-19 as a pandemic. A significant amount of work has gone into creating novel medications and vaccines to combat the virus. After a few weeks of investigation, businesses began developing medications and therapies to combat the virus.

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Key Question Answered in this Report

• What was the size of the global biosimilar market in 2021?
• What is the expected growth rate of the global biosimilar market during 2022-2027?
• What are the key factors driving the global biosimilar market?
• What has been the impact of COVID-19 on the global biosimilar market?
• What is the breakup of the global biosimilar market based on the molecule?
• What is the breakup of the global biosimilar market based on the indication?
• What is the breakup of the global biosimilar market based on the manufacturing type?
• What are the key regions in the global biosimilar market?
• Who are the key companies/players in the global biosimilar market?

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