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The study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the market, for the forecast period 2019 - 2026.
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Biosimilars Market To Reach USD 44.56 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary High target disease prevalence, product launches, emerging market players, and drug development pressure on pharmaceuticals due to upcoming patent expiries are key factors contributing to high CAGR of Biosimilars during forecast period. Market Size – USD 5.10 Billion in 2018, Market Growth - CAGR of 30.8%, Market Trends – Product launches and research for advanced Biosimilars According to the current analysis of Reports and Data, the global Biosimilars market was valued at USD 5.10 Billion in 2018 and is expected to reach USD 44.56 Billion by year 2026, at a CAGR of 30.8%.
Our Approach Market Summary Biosimilar are alternatives to existing patented, and approved biologicss and possess similar medicinal properties as compared to the original biologics. The biosimilars vary a little from original biologics in terms of structure but must have similar safety and efficacy as compared to the originator biologics. Biosimilars development does not require Phase II clinical trial for approval and the focus is put on determination of ‘biosimilarity’ to the reference originator biologics. Thus it has much reduced clinical development timelines and reduced product costs as compared to use of original biologics. The global market is driven by various of factors such as global prevalence of target disease prevalence across the globe, launch of biosimilars by various market players, favorable investments scenario, and upcoming patent expiry. The Biosimilars market is characterized by presence of significant number of pharmaceutical giants as well as emerging players operating across the globe. Additionally, availability of research fundings, demand for cheaper biologics alternative and favorable regulatory scenario in Europe and Asia pacific is propelling the market in these regions. However, some regions such as U.S are facing slow adoption of biosimilars with first biosimilar approved in 2015 for Sandoz’s Zarxio (filgrastim), and 3, 5, and 7, biosimilars approved by FDA in 2016, 2017, and 2018, respectively.. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1177
Our Approach Market Summary Further key findings from the report suggest Biosimilars market is growing at a CAGR of 2% in Asia Pacific followed by North America and Europe, with 21.0% and 31.4% CAGR, respectively. High chronic disease prevalence across the globe is the key factor to accelerate the market growth during forecast period across all regions. As of 2018, Recombinant Non-glycosylated Proteins is the dominating Biosimilars which holds over 60% of the global market. European regional market is the chief revenue generating source for this product segment, followed by North America and Asia-Pacific regions. Recombinant Glycosylated Proteins is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 33.4%. However, regulatory obstacles and manufacturing complexity are major challenge for the market growth of this market segment. Recombinant Peptides segment was estimated to account for USD 501.00 million in 2018 and is expected to grow reach USD 4.38 Billion by year 2026. Asia Pacific is expected to account for the 32.8% of the global Biosimilars market. Developing nations such China, and India are likely to witness high growth…Continued To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-biosimilars-market
Our Approach Market Summary Key participants Amgen, Biocon, Celltrion, Dr. Reddy's Laboratories, Mylan, Pfizer, Samsung Biologics, Sandoz, StadaArzneimittel, and Teva Pahrmaceutical. For the purpose of this report, Reports and Data has segmented the Biosimilars market on the basis of type, disease type, and region: Type (Revenue, USD Million; 2016–2026) Recombinant Non-glycosylated Proteins: Insulin Recombinant Human Growth Hormone Granulocyte Colony-stimulating Factor Interferons Recombinant Glycosylated Proteins Erythropoietin Monoclonal Antibodies Follitropin Etanercept Recombinant Peptides
Our Approach Market Summary Disease Type (Revenue, USD Million; 2016–2026) Oncology Blood Disorders Chronic Diseases Autoimmune Diseases Growth Hormone Deficiency Infectious Diseases Other Diseases Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) North America Europe Asia Pacific MEA Latin America Other Order Now: https://www.reportsanddata.com/checkout-form/1177
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