© Coherent market Insights. All Rights Reserved BIOSIMILARS MARKET Global Industry Insights, Trends, Outlook, and Opportunity Analysis, © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Biosimilars are biological medical products which are the identical copies of the original products. Biosimilars are also termed as subsequent entry biologic or follow-on biologic. Biosimilars are expected to possess active properties, similar to that of officially approved original product at present. Biosimilars can be manufactured only when the patent for the original innovator product expires. Biologics or biosimilars are sensitive to changes in manufacturing process due to the higher molecular complexity. In 2010, The Food and Drug Administration (FDA) has gained the authority to approve biosimilars as a part of Patient Protection and Affordable Care Act. The approval process is based on thorough demonstration of similarity and comparability with the existing approved product. Biosimilars are generally derived from living cells of plants, animals, yeast, bacteria and viruses, through genetic engineering processes including controlled gene expression and recombinant DNA technology. Request Sample Copy of the Business Report: Patent expiry of blockbuster drugs and increasing government initiatives for biosimilars promotion drives the growth of biosimilars market The key factors driving the growth of biosimilars market are the increasing demand due to their cost-effectiveness, rising geriatric population, growing pressure to curtail healthcare expenditure, increasing government support and initiatives to develop and promote biosimilars, strategic collaborations to enhance productivity and clinical trial activities for biosimilars. Biosimilars Market Overview

© Coherent market Insights. All Rights Reserved Diabetes medicine and oncology segments are expected to attain faster growth during the forecast period The global biosimilars market is segmented on the basis of product type, manufacturing type, application, end user and geography. On the basis of product type, the global biosimilars market is segmented into: Monoclonal Antibodies Recombinant Hormones Anti-Inflammatory Agents Recombinant Growth Stimulators Immunomodulators On the basis of by manufacturing type, the global biosimilars market is segmented into: In-house Manufacturing Contract Manufacturing Organizations Request a Customization: REPORT DESCRIPTION

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Cost effective potential of biosimilars is the primary factor expected to boost the biosimilars market in Asia Pacific Regional segmentation of the biosimilars market by Coherent Market Insights comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The first FDA approval biosimilar in 2015, Sandoz’s Zarxio has marked a promising hit of the biosimilars market across North America. According to the American Society of Health-System Pharmacists survey in 2013, about 99% of 214 surveyed pharmacy directors reported at least one oncologic drug shortage with the consequences of adopting the distribution of biosimilars to meet the rising demands. Also, the demand for biosimilars is expected to gather momentum in North America owing to the rising prevalence of cancers, autoimmune diseases, kidney failures and growth hormone deficiency and increasing approval rates by FDA. The treatment for various diseases including diabetes, rheumatoid arthritis and types of cancers are anticipated to become affordable in developing countries like China and India, thus providing opportunities for major players in the Asia Pacific biosimilar market to expand during the forecast period. The increase in product extensions integrated with technological innovations is expected to intensify the competitive environment within manufacturers Key players operating in the biosimilars market include Sandoz International GmbH, Apotex, Biocon, Zydus Cadila Healthcare, Celltrion and Pfizer. The leading manufacturers are focusing on outsourcing the production of biosimilar products with strategic collaborations to replace the existing expensive drugs. For instance, in August 2016, the FDA approval by Sandoz for the biosimilar Erelzi, used for treating multiple inflammatory diseases such as rheumatoid arthritis, plaque psoriasis, ankylosing spondylitis and juvenile idiopathic arthritis. Get Exclusive Discount on this CMI Report:

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