Biosimilars Market Poised for Robust Growth, forecasted to Expand at 17% CAGR from 2022-27

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Biosimilars Market is projected to grow at a CAGR of around 17% during the forecast period, i.e., 2022-27. 

Report Coverage

This report offers a comprehensive analysis of the Biosimilars Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

·         Base Year: 2021

·         Forecast Years: 2022-27

·         Historical Years: 2017-20

Biosimilars Market Overview

The growth of the market is likely to be driven primarily by the growing prevalence of chronic diseases across different corners of the world and the mounting demand for effective & safe medications for their treatments. However, since the treatment cost of various illnesses like cancer is high and restrains numerous patients due to affordability issues, the demand for cost-effective alternatives with similar treatment effects like biologics is rising rapidly and stimulating the growth of the Global Biosimilars Market.

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Biosimilars Market Segmentation Outlook

The Biosimilars is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product

o   Recombinant Non-Glycosylated Proteins

§  Human growth hormones

§  Granulocyte colony-stimulating factor

§  Interferons

§  Insulin

o   Recombinant Glycosylated Proteins

§  Erythropoietin

§  Monoclonal Antibodies

§  Follitropin

By Application

o   Growth Hormonal Deficiency

o   Chronic & Autoimmune Disorders

o   Hematology

o   Oncology

o   Others

By Region

o   North America

o   South America

o   Europe

o   Middle East & Africa

o   Asia-Pacific

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Top Biosimilars Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Amgen Inc., Biocon, Biogen Inc., Celltrion, Dr. Reddy’s Laboratories Ltd, Eli Lilly and Company, F. Hoffmann-La Roche AG, Merck & Co., Inc., Novartis International AG, Pfizer Inc., Samsung Bioepis, Others as key players shaping the market landscape.

Key Questions Answered in the Report

·         What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?

·         How the industry has been evolving, and which segments would dominate the market during the forecast period?

·         What are the key opportunity areas that companies foresee in the coming years 2027?

·         Who are the key players in the market, and what are their competitive strengths?

·         What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link

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