Biosimilars Market Industry Size 2021 Sales Revenue, Future Plans and Opportunity Assessment Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Biosimilars Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biosimilars Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Biosimilars market is estimated to reach $46.0 Billion by 2025; growing at a CAGR of 33% from 2017 to 2025. Biosimilars are the biotechnological product that is proved to be comparable to an already approved reference product in quality, non-clinical and clinical evaluation. The generic equivalents of biologics are meant as a ‘biosimilars’. A biosimilar is a highly similar, comparable version of an approved biologic medicine, which undergo through clinical trials to demonstrate that it works just as the approved biologic medicine. It is used to treat a wide range of conditions including cancer and autoimmune diseases. Regulatory guidelines for biosimilar development and approval are rigorous and undergoing constant refinement. Biosimilars offer good alternate treatment options in patients who cannot be treated with synthetic DMARDs (Disease-modifying antirheumatic drugs.

Increasing incidence of chronic diseases such as arthritis, asthma, cancer, COPD, diabetes and some viral diseases are the primary driver fueling the growth of the market. Additionally, rising demand for biosimilar medicines owing to their cost-effectiveness have also stimulated the market growth. However, complexity in manufacturing is the restraint of the market. Moreover, growth opportunities in emerging markets are expected to equally influence the overall growth of market during the forecast period.

Product, manufacturing type, disease and geography are the segment of biosimilars market. The product segment is categorized into recombinant non-glycosylated proteins (insulin, interferon, recombinant human growth hormone, and granulocyte colony-stimulating factor), recombinant glycosylated proteins (erythropoietin, follitropin, and monoclonal antibodies), and recombinant peptides (glucagon, and calcitonin). In-house manufacturing and contract manufacturing are the bifurcations of manufacturing type. Furthermore, oncology, chronic diseases, growth hormone deficiency, blood disorders, infectious diseases, autoimmune diseases, and other diseases are segregated under disease segment.

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On the basis of geography, global biosimilars market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, Italy and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

Major companies operating in the global market include Celltrion Inc., Biocon, Hospira Inc., Merck KGaA, Biogen, Genentech, Inc., LG Life Sciences, Novartis AG, Synthon, and Teva Pharmaceutical Industries Ltd., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Biosimilars Market with respect to major segments such as product, manufacturing type, disease and geography

The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Biosimilars Market has been included in the report

Profile of the key players in the Global Biosimilars Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Biosimilars Market
Product Segments

Recombinant Non-Glycosylated Proteins
Insulin
Interferon
Recombinant Human Growth Hormone
Granulocyte Colony-Stimulating Factor
Recombinant Glycosylated Proteins
Erythropoietin
Follitropin
Monoclonal Antibodies
Recombinant Peptides
Glucagon
Calcitonin
Manufacturing Type Segments

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In-House Manufacturing
Contract Manufacturing
Disease Segments

Oncology
Chronic Diseases
Growth Hormone Deficiency
Blood Disorders
Infectious Diseases
Autoimmune Diseases
Other Diseases
Geographical Segments

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa

Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Biosimilars Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities

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