Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Biosimilar Market Report and Forecast Till 2023
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Report Description Report Description and Highlights Biosimilar Market Report By Molecule (Infliximab, Insulin Glargine, Epoetin Alfa, Etanercept, Filgrastim and Others), Indication (Auto-Immune Diseases, Blood Disorder, Diabetes, Oncology and Others), Manufacturer Type, Region The global biosimilar market has witnessed a double-digit growth over past few years. Factors such as increasing prevalence of lifestyle diseases, savings for governments and third party-payers, and incentives for pharmacists have been proactive in propelling the market growth. Market Overview: According to the recent report by IMARC Group, entitled “Biosimilar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast ”, the global biosimilar market size was estimated to be US$ 2.9 Billion in 2017, growing at a CAGR of more than 36% during Biosimilars, also known as subsequent entry biologics (SEBs) or follow-on biologics, refer to FDA- approved biotherapeutic products which are similar to their reference biologics. Biosimilars can only be manufactured after the patent of the reference product expires. The demand for biosimilars has been increasing in recent years as they help in reducing the overall cost of the treatment for a variety of chronic diseases including cancers, autoimmune diseases, kidney failure, diabetes, CVDs, haematological disorders, infectious diseases, rheumatoid arthritis, growth hormone deficiency, etc.
Report Description Report Description and Highlights Global Biosimilar Market Drivers: Recent patent expiries of a large number of blockbuster biological drugs such as Humira, Remicade, MabThera, Enbrel, etc. have majorly boosted the growth of the biosimilar market. Another major growth-inducing factor is ageing population which has led to a rise in the prevalence of non- communicable diseases. Further, high costs of innovator biologics, especially monoclonal antibodies (mAbs), have encouraged several governments across the globe to promote the usage of biosimilars. For instance, European countries like the Netherlands, Denmark and Germany have established strategic models for discount pricing and introduced numerous incentive programs. Apart from this, biosimilars do not require extensive marketing as the safety and efficacy profile of biologics has already been established. This has resulted into the low cost of these drugs in comparison to their branded counterparts, in turn, spurring their demand worldwide. Due to the abovementioned factors, the market is projected to expand at a CAGR of more than 30% during , registering a value of US$ 15.6 Billion by Biosimilar Market Segmentation: Market Segmentation by Molecule Request for a free sample report:
Sample Figure: Global: Biosimilar Market Forecast: Value (in Million US$), Market Forecast
Report Description Market Segmentation o Infliximab, o Insulin Glargine, o Epoetin Alfa, o Etanercept, o Filgrastim o Others Based on molecule type, Infliximab represents the largest segment, accounting for the majority of the total market share. Other major categories include Insulin Glargine, Epoetin Alpha, Ethanercept, Filgrastim, Somatropin, Rituximab and Follitropian Alfa. Market Segmentation by Type of Manufacturing In-house Manufacturing Contract Manufacturing On the basis of type of manufacturing, the market has been bifurcated into in-house and contract manufacturing. Currently, in-house manufacturing holds around three-fourth of the total share, representing the dominant segment. This method enables the manufacturers to monitor every step of the biosimilars’ production process and eliminates both shipping and delivery costs.
Report Description Market Segmentation Market Segmentation by Region Europe United States Japan India South Korea Region-wise, Europe is the leading market with more than a half of the global share. This can be attributed to the large ageing population in the region. Besides Europe, other major regions include the United States, India, Japan and South Korea. Market Segmentation by Indication Auto-Immune Diseases Blood Disorder Diabetes Oncology Growth Deficiency For More information, Please Visit:
North America Latin America Europe Middle East and Africa Asia- Pacific Regional Segmentation
Report Description Market Segmentation Female Infertility The market has also been segregated on the basis of indication as autoimmune diseases, oncology, diabetes, blood disorder, growth deficiency and female infertility. Amongst these, autoimmune diseases account for around a half of the global share. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. Sandoz International GmbH, Pfizer Inc., Teva Pharmaceutical Industries Limited, Celltrion Inc., Biocon Limited, Samsung Biologics, Amgen, Stada Arzneimittel Ag Others
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