Biologics that are almost an identical copy of an original product that is manufactured by a different company, generally exhibit high molecular complexity and may be quite sensitive to changes in manufacturing processes.
New York, NY -- (SBWIRE) -- 06/14/2019 -- Regardless of the variety, all biopharmaceuticals, that include biosimilars,are required to maintain consistent clinical performance and quality through their lifecycle.
Scope of Report:
The diverse applications of biosimilars for treatment of several chronic ailments, namely cancer and diabetes, the cost effectiveness of the drug due to which there is an increase in demand of biosimilar drugs has helped drive the growth of the market. However, the complexity involved in the process of manufacturing biosimilars and the availability of affordable generic drugs, are predicted to restrain the market. The leading players in the global biosimilars market are Dr. Reddy's Laboratories, Celltrion, Samsung Biologics, Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon , Stada Arzneimittel AG, and Mylan
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The global biosimilars market is driven by cost effectiveness of drug due to which there is a increase demand of biosimilar drugs. Moreover, diverse applications of biosimilars for treatment of several chronic ailments, namely cancer and diabetes is anticipated to further contribute significantly to growing demand of this products in the coming years. Furthermore the collaboration are in a strategic manner which result in enhanced productivity and clinical trials. However, availability of affordable generic drugs, and complexity involved in the process of manufacturing are likely to restrain the market to a certain extent.
In terms of market share, the segment of in-house manufacturing accounted for the largest share, as in-house manufacturing reduces costs associated with shipping, delivery and thereby lowering the overall cost of manufacturing. Similarly, in terms of diseases the biosimilars market can be segmented into chronic disease, oncology, autoimmune disease, blood disorders, infectious diseases, growth hormone deficiency and other diseases. The blood disorder segment accounted for the largest share of the market, owing to low cost of biosimilars as compared to biologics, and rising incidence of blood disorders worldwide among others.
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The global biosimilars market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Europe dominated the market of biosimilars market, followed by North America and Asia Pacific. Asia Pacific is expected to dominate the global biosimilars market in the forecast period. Factors such as the patent expiry of launch of new biosimilars, biologic products, rising incidence of chronic disorders, and emergence of new market players are anticipated to drive market growth in this region
Table of Contents
1.1. Market Definition
1.2. Market Ecosystem
1.2.1. Market Classification
1.2.2. Geographic Scope
1.2.3. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
1.3. Currency Used
2. RESEARCH METHODOLOGY
2.1. Research Framework
2.2. Data Collection Technique
2.3. Data Sources
2.3.1. Secondary Sources
2.3.2. Primary Sources
2.4. Market Estimation Methodology
2.4.1. Bottoms Up Approach
2.4.2. Top Down Approach
2.5. Data Validation and Triangulation
2.5.1. Market Forecasting Model
2.5.2. Limitations/Assumptions of the Study
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
5. UNIQUE SELLING PROPOSITIONS (USPs)
5.1. Regulatory Landscape Assessment
5.2. Pipeline Assessment
5.3. Epidemiological Assessment: Oncology
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