Global Biosimilar Testing and Development Services Market– Global Opportunity Analysis and Industry Forecast, 2017-2023
Factors such as increase in demand for biosimilar products, patent expiration of original drugs, and increase R&D investments on biosimilar testing and development services drive the market growth. However, shortage of skilled professionals and expensive development procedure of biosimilar drugs restrain the market growth. Moreover, comparatively lower cost of biosimilar than original drugs and untapped market opportunities in emerging nations such as China, Brazil, and India is expected to fuel the market growth.
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