Biosimilars Market was valued at USD 9630 million in 2021 and is expected to reach USD 55410 million by the year 2028, at a CAGR of 28.4%.
The global biosimilar market refers to the pharmaceutical market segment that focuses on the development, manufacturing, and commercialization of biosimilar products. Biosimilars are biologic medicines that are highly similar to existing reference biologics (also known as originator biologics or reference drugs). These reference biologics are typically complex, large-molecule drugs that are produced using living organisms, such as cell cultures or microorganisms.
The top Market Players Covered in the Biosimilars market are :
Novartis AG (Switzerland), Pfizer Inc. (US), Dr. Reddy’s Laboratories Ltd. (India), Amgen Inc. (US), Eli Lilly and Company (US), Teva Pharmaceutical Industries Ltd. (Israel), Fresenius SE & Co. KGaA (Germany), STADA Arzneimittel AG (Germany), Boehringer Ingelheim (Germany), Gedeon Richter PLC (Hungary), Celltrion (South Korea), Samsung Biologics (South Korea), Coherus BioSciences (US), Biocon Limited (India), Viatris Inc. (US), Amega Biotech (Argentina), Apotex Inc. (Canada), Biocad (Russia), mAbxience (Spain), Probiomed S.A. De C.V. (Mexico), Fujifilm Kyowa Kirin Biologics Co. Ltd. (Japan), Intas Pharmaceuticals Ltd. (India), Thermex (UK), Reliance Life Sciences (India), Kashiv Biosciences (US) and other major players.
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The global Biosimilars Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Biosimilars Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the biosimilar market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Biosimilars Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Biosimilars Market Report:
The global biosimilars market can be segmented in various ways to better understand the different aspects and factors that influence this industry. Market segmentation for biosimilars can include the following dimensions:
By Type
· Recombinant Non-Glycosylated Proteins
· Interferons
· Insulin
· Human Growth Hormones
· Granulocyte Colony-Stimulating Factor
· Other
By Application
· Blood Disorders
· Growth Hormonal Deficiency
· Chronic and Autoimmune Disorders
· Oncology
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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