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Biosimilars Market by Product, Manufacturing Type, Disease - Global Forecast to 2023

Biosimilars Market: Global Forecast until 2023

  • April 2018
  • 183 pages
  • ID: 4604343
In this report:
This product segment is expected to be valued at an estimated ##,##.## million in 2018 and is projected to grow at a CAGR of ##.##% from 2018 to 2023.
The recombinant non-glycosylated proteins segment accounted for the largest share of ##.##% of the biosimilars market in 2017 and is expected to grow at a CAGR of ##.##% from 2018 to 2023.

Summary

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The overall biosimilars market forecasted to grow at a compound annual growth rate (CAGR) of 31.7% during the forecast horizon.

The biosimilars market is forecasted to reach ~$23.6B by 2023 from ~$5.9B in 2018, at a compound annual growth rate (CAGR) of 31.70 percent. Factors driving the increase of this market contain growing demand for biosimilar drugs due to their cost-effectiveness, growing incidence of chronic diseases, and strategic collaborations resulting in enhanced productivity and clinical trial activities.

The recombinant glycosylated protein segment is anticipated to rise at the quickest increase rate during the estimate period.

The biosimilars market by product is classified into recombinant non-glycosylated proteins, recombinant glycosylated proteins, and recombinant peptides.The recombinant glycosylated proteins segment is projected to register the maximal CAGR (Compound annual growth rate) during the outlook period.

The factors driving the sector for glycosylated proteins are the broad therapeutic area of these proteins; presence of biosimilar versions of monoclonal antibodies at lower prices compared to reference products; numerous biologic drugs underclass monoclonal antibody, follitropin, and erythropoietin going off-patent; and numerous products in the pipeline.

The contract manufacturing segment is forecasted to grow at a quick rate during the analysis period.

By type of manufacturing, the biosimilars market is divided into in-house manufacturing and contract manufacturing.The contract manufacturing segment is anticipated to rise at the maximal compound annual growth rate (CAGR) during the estimate period.

CMOs offer cost-saving benefits to firms in terms of facilities, equipment, and labor costs.

Asia area is expected to register the highest CAGR (Compound annual growth rate) during the study period.

On the basis of area, the biosimilars market is divided into north america, EU, Asia continent, and the Rest of the globe.Asia area is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.

Many Asian countries including India, China (CN), South Korea (KR), and Japan (JP) have emerged as potential industries for biosimilars.Many emerging economies in the territory are also establishing biosimilar pathways.

Furthermore, leading market actors are outsourcing manufacturing and R&D activities to countries in the Asia Pacific region due to the availability of highly skilled resources at lower costs. Additionally to this, the low per capita consumption, fast growth in economies, trade links, and the increase in medical tourism are accelerating the increase of the Asian market.

The primary interviews conducted for this market report can be categorized as follows:

• By Company category - Tier 1 - 70.0 percent and Tier 2 - 30.0 percent

• By Description - C-suite - 62.0 percent, Director-level - 21.0 percent, Others - 17.0 percent

• By Area - North America continent - 50.0 percent, Europe (EU) - 20.0 percent, Asia- 30.0 percent

The top players in the biosimilars market contain Pfizer, Sandoz, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy's Laboratories, Celltrion, and Samsung Biologics

Segment Research

The report analyses the biosimilars market by products, type of manufacturing, disease, and area.Apart from a comprehensive geographic product review and sizing of market, the study also offers a competitive analysis that includes the increase strategies approved by sector actors over the last three years.

Moreover, the corporation reviews contain the product types, advancements, and strategies approved by prominent market actors to maintain and rise their companies in the industry. Market research data, current market size, and forecast of the future trends will facilitate top market players and new sector entrants to make the essential decisions regarding product offerings, geographic focus, change in strategic way, and levels of output to remain successful in the market.

Main highlights

This business report will allow both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate these companies, collect greater segment market share. Companies obtaining the analysis can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the biosimilars market

• Product Development/Innovative products: In-depth understanding on product approvals, Research&development activities, and launches of new product in the biosimilars market

• opposing assessment: In-depth assessment of the market strategies, geographic and industry segments, and product review of the main players in the biosimilars market

• Market Development: Highlighted information about emerging sectors. This industry report examines the sector for different biosimilars across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the biosimilars market

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