Market Industry Reports (MIR) has published a new report titled “Biosimilars Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Biosimilars market was estimated to be over US$ 4,500 Mn in 2018. It is anticipated to grow at a CAGR of 31.4% from 2019 to 2030.
New York, NY -- (SBWIRE) -- 02/13/2020 -- Biosimilars are bio-medical products that are identical copies of an original pharmaceutical drug, which has been manufactured by a different manufacturing company. Biosimilars are manufactured once the patent of the original product expires. Unlike generic drugs, biosimilars exhibit high molecular complexity and are sensitive to alterations in the processes of manufacturing. These drugs are similar to reference products, in terms of purity, safety and potency.
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The prominent players in the Biosimilars Market are Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy's Laboratories, Celltrion, Samsung Biologics, Stada Arzneimittel AG and Mylan.
Biosimilars Market by Product (Recombinant Glycosylated Proteins (Monoclonal Antibodies (Rituximab, Adalimumab, and Infliximab), Erythropoietin, and Follitropin), Recombinant Non-Glycosylated Proteins (Insulin, Granulocyte Colony Stimulating Factor, Recombinant Human Growth Hormone and Interferon (Interferon-Alpha and Interferon-Beta)), Recombinant Peptides (Glucagon and Calcitonin)), Type of Manufacturing (In-house Manufacturing, and Contract Manufacturing), Disease (Chronic Disease, Oncology, Autoimmune Disease, Blood disorders, Infectious Diseases, and Growth Hormone Deficiency).
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Throughout the years, the ascent popular of biosimilars has assumed an indispensable job in adding to the development of the worldwide biosimilars industry. The popularity for biosimilars is credited to their more prominent viability and lower cost than different other options. A few nations, including Europe, North America, India, and other creating nations, have risen as fundamental supporters of worldwide biosimilars industry. While conventional medications have an overall revenue capability of 20%, the biosimilars items is foreseen to increase a potential net revenue of 30%. In addition, cost of treatment by trend-setter medication is a lot higher than that by biosimilars, which has likewise contributed adequately to the developing interest of these items.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Biosimilars Market Size
2.2 Biosimilars Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Biosimilars Market Size by Manufacturers
3.2 Biosimilars Key Players Head office and Area Served
3.3 Key Players Biosimilars Product/Solution/Service
3.4 Date of Enter into Biosimilars Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Biosimilars Sales by Product
4.2 Global Biosimilars Revenue by Product
4.3 Biosimilars Price by Product
5 Breakdown Data by End User
5.2 Global Biosimilars Breakdown Data by End User
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