Biosimilars Market Research On Present State & Future Growth Prospects To 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-23
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Biosimilars Market Research On Present State & Future Growth Prospects To 2025

According to reports, the U.S. is slated to drive key significance in North America biosimilars market. It is suggested that the market is projected to gain considerable growth at a rate of more than 38.1% over the forecast period. This could be given to the presence of state-of-art technologies and facilities for biosimilar product development, and existence of reputed and well-established companies.

Biosimilar companies are focusing on extending their offerings in the high potential markets as well as in the sparsely addressed countries across the globe to increase their visibility. Leading local industries in developing countries are working on innovations for novel biosimilar drug developments specifically in the treatment of the present coronavirus pandemic.

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In terms of product, the market is divided into recombinant non-glycosylated proteins and recombinant glycosylated proteins. Of the two, recombinant non-glycosylated proteins market was reported to hold a majority share in the global biosimilars market in the year 2018. Studies suggest that the segment is likely to grow at more than 26.1% over the forecast period.

Technological advancements in high-throughput analytical techniques and cell technology may support the effective production of drugs. Introduction of insulin glargine in major countries and surging demands of filgrastim may aid biosimilars industry expansion.

Biosimilars have found increasing application in the hematology sector. Reports claims that, in 2018, the hematology segment recorded revenues worth around USD 4552.1 million. Rising cases of blood disorders like anemia and neutropenia is expected to supplement product adoption. The American Society of Hematology claims that, in the U.S., approx. 3 million people suffer from anemia. With such growing prevalence, the biosimilars market is poised to record substantial proceeds from the hematology industry.

The ability to assess and monitor production and reduce shipping and delivery costs has encourage companies to conduct in-house manufacturing of biosimilars. Efficiency and flexibility of the work and generation of enhanced financial and operational capabilities have lured manufactures to opt for in-house biosimilar production. Growing shift towards such manufacturing techniques may shape biosimilars market outlook. As a matter of fact, in 2018, the in-house manufacturing segment held for around 75% of the market share.

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Partial Chapter of the Table of Content

Chapter 6.    Biosimilars Market, By Manufacturer

6.1. Global market share by manufacturer, 2018 & 2025

6.2. Contract Research and Manufacturing Services

6.2.1.    Market size, by region, 2014 – 2025 (USD Million)

6.3. In-house

6.3.1.    Market size, by region, 2014 – 2025 (USD Million)

Chapter 7.    Biosimilars Market, By Technology

7.1. Global market share by technology, 2018 & 2025

7.2. Recombinant DNA Technology (rDNA technology)

7.2.1.    Market size, by region, 2014 – 2025 (USD Million)

7.3. Monoclonal Antibodies (MAb) Technology

7.3.1.    Market size, by region, 2014 – 2025 (USD Million)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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