Global Biologics and Biosimilars Market Size, Share, Trends, Analysis Report And Future Predictions

Kenneth Research has recently added a report titled Global Biologics and Biosimilars Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention 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) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst 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 Global Biologics and Biosimilars Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Biologics and Biosimilars Market valued approximately USD xxx billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2018-2025.

The Biologics and Biosimilars market is developing and expanding at a significant pace. The Biologics are mainly the medicines which are made from living cells through an highly complex manufacturing processes & must be administered and monitored under careful conditions. The Biologics are precisely utilized to prevent, diagnose, Treat and cure a variety of chronic and infectious diseases which mainly include Chronic Kidney Diseases, Cancer and autoimmune diseases. The biosimilar is exactly what its name implies that it is a biologic which is similar to another biologic drug which has been already approved by the Food & Drug Administration (FDA). In the present scenario, under United States Law, a biosimilar is specifically approved based on a showing that is highly similar to an already FDA approved biological product which is commonly known as reference product. It could not have an clinically meaningful differences in terms of safety & effectiveness from the reference product.

The demand of Biologics and biosimilar is on the constant rise owing to the factors which includes rise in the prevalence of chronic and infectious diseases such as Cancer and Cardiovascular diseases, surge in the geriatric population, novel research & development advanced drugs along with escalating number of clinical trails on the globe. However, the manufacturing concerns or issues owing to complexity of drug molecules are hindering the growth of market. The surge in the research & development investments and activities considering the field of pharmaceuticals along with increase in the therapeutical applications are expected to offer new opportunities for the growth of biologics and biosimilars market on the global scenario.

The regional analysis of Global Biologics and Biosimilars Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Type:

 Antibody
 Hormone
 Growth Factors
 Other

By Applications:

 Tumor
 Diabetes
 Cardiovascular
 Haemophilia
 Other

By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The leading market players mainly include-
 Roche
 Amgen
 AbbVie
 Sanofi-Aventis
 Johnson & Johnson
 Pfizer
 Novo Nordisk
 Eli Lily
 Novartis
 Merck
 Dong Bao
 Ganlee
 United Laboratories

Target Audience of the Global Biologics and Biosimilars Market in Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

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