Global Biosimilars Market Trends, Size, Forecast - 2019-2025


Posted August 7, 2020 by pooja1919

The global biosimilars market is estimated to grow at a significant CAGR during the forecast period.

 
The global biosimilars market is estimated to grow at a significant CAGR during the forecast period. Biosimilars are a biologic medical product that is similar to biological medicines and acts as an alternative to biomedicines. According to the Biosimilars Council, biosimilars are priced 10% to 35% lesser than branded biological medicines, and a sum of $250 billion could be saved through the application of biosimilars in the next decade.

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Biosimilars will increase patient access to important life-saving medication by reducing overall costs in the pharmaceutical industry. The factor that contributes to the growth of the market includes the rise in the geriatric population and the growing demand for pharmaceuticals. According to the UN in 2017, approximately 962 million people were over 60 years which is projected to approximately 2.1 billion by 2050. These populations suffer from such problems and diseases that require regular treatment diagnosis, and medication. Thus, the geriatrics population is potentially the largest consumer base for key players operating in the market during the forecast period.

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Global Biosimilars Market Segmentation

By Product

Recombinant Non-Glycosylated Proteins

Recombinant Glycosylated Proteins

By Application

Oncology

Chronic and Autoimmune Disease

Blood Disorders

Growth Hormone Deficiency

Other Diseases

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Allergan Plc

AMEGA Biotech SA

Amgen Inc.

Biocon Ltd.

Biogen Inc.

Boehringer Ingelheim International GmbH

Celltrion Healthcare Co. Ltd.

Dr. Reddy's Laboratories Ltd.

Eli Lilly and Co.

F. Hoffmann-La Roche Ltd.

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated August 7, 2020