According to a new market research report published by Global Insight Services “ Biosimilars Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Biosimilars are biological products that are approved by the FDA to be highly similar to an already-approved biological product, known as a reference product. Biosimilars are also called subsequent entry biologics (SEBs). Biosimilars can be used to treat the same conditions as the reference product.
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Top Key Players in Biosimilars market: Pfizer Inc., Novartis AG, Amgen Inc., Biocon, Samsung Bioepis, Mylan N.V., Viatris Inc., Dr. Reddy’s Laboratories Ltd, Biocad, and Apotex Inc.
Key Trends
The biosimilars market is expected to grow significantly in the next few years. The key drivers of this growth include the expiry of patents for biologic drugs, the increasing number of biosimilar products in development, and the growing awareness of biosimilars among patients and healthcare providers.
Key Drivers
The key drivers of the biosimilars market are the expiry of patents for biologic drugs, the increasing prevalence of chronic diseases, and the growing demand for biologic drugs.
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Market Segments
The biosimilars market bifurcated on the basis of product, application and region. On the basis of product it is segmented into insulin, granulocyte colony-stimulating factor, erythropoietin, and others. By application, it is spread across oncology, blood disorders, growth hormonal deficiency, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy Biosimilars Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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