Biosimilars are highly similar, comparable version of biologics, which undergo clinical trials to demonstrate that they have comparable safety, quality and efficacy to an approved biologic medicine. When the patent of the original product expires, biosimilars can be manufactured which are approved officially.
Axiom MRC added an “Biosimilars Market Report, By Technology (Monoclonal Antibodies, Recombinant DNA, Chromatography, Nuclear Magnetic Resonance, Electrophoresis, Mass Spectrometry, Western Blotting and Bioassay), Product (Recombinant Non-Glycosylated Proteins, Recombinant Glycosylated Proteins and Peptides), Disease, Type and Geography – Global Market Share, Trend Analysis & Forecast Up To 2025”

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Biologics are more complex than biosimilars drugs, both in composition and method of manufacture. Biosimilars will not be exact replicas of an approved biologic medicine but may instead show high similarity. Furthermore, in the United States, approximately 45%, i.e. 133 million of people have suffered with at-least one chronic disease. According to National Cancer Institute of America, in 2017 the national expenditures for cancer care was USD 147.3 billion. Whereas, in 2018, 3.9 million new cases of cancer and over 1.9 million cancer deaths were estimated in Europe.

Biosimilars Market Outlook
The global biosimilars market is driven by key factors such as rising incidence of chronic diseases, the emergence of off-patent biologic products and innovative strategies in enhanced productivity and clinical trial activities for biosimilars. Furthermore, these drugs are very cost-effective thus making its demand to increase significantly.

Biosimilars Market Segmental Overview

Biosimilars Market by Technology
Monoclonal Antibodies Technology
Recombinant DNA Technology
Chromatography
Nuclear Magnetic Resonance Technology
Electrophoresis
Mass Spectrometry
Western Blotting and
Bioassay.

Biosimilars Market by Product
Recombinant Non-Glycosylated Proteins
Recombinant Glycosylated Proteins And
Peptides.

Biosimilars Market by Disease
Oncology
Chronic Diseases
Autoimmune Diseases
Blood Disorders
Growth Hormone Deficiency and
Infectious Diseases.

Biosimilars Market by Type
In-House Manufacturing And
Contract Manufacturing.

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Biosimilars Market by Geography
North America
Europe
Asia Pacific and
Rest of the World.

Biosimilars Market Key Players
The key players operating in the biosimilars market includes Sandoz, Pfizer, Teva Pahrmaceutical, Biocon, Amgen, Samsung Biologics, Mylan, Dr. Reddy’s Laboratories, Stada Arzneimittel AG, Genentech (Roche Group), Merck Serono (Merck Group), Celltrion Healthcare and AbbVie Inc.

About Axiom MRC:
Axiom Market Research & Consulting™ (also known as Axiom MRC), is a full-service market research and data analytics firm, driven by a simple aim of providing key market intelligence to companies to assist them in taking informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.

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