Biosimilars Market Predicted to Cross $25 Billion by 2020
PUNE, India, October 6, 2016 /PRNewswire/ --
MarketReportsOnline.com adds Global Biosimilars Market and Forecast (By Product Type, Applications, Country Wise and Companies) to 2021 and Biosimilars Approved and Pipeline Analysis research report of 177 pages on the biosimilars industry to the pharmaceuticals intelligence collection of its research store.
The biosimilars are poised to capture an unprecedented position in the biopharmaceutical industry driven by an increased extent of adoption and growing investment and deal making activity globally. The global biosimilars market is predicted to cross US$ 25 Billion mark by 2020. With the continuous increasing demand for biologics, manufacturers are looking for novel strategies that will help them attain maximum returns on investment. Biosimilars are seen as the key weapon to curbing soaring healthcare costs globally. The major factor that is driving the market for biosimilars industry is the fact that major biologics are nearing the patent cliff.
Complete report on Biosimilars market spread across 177 pages providing 13 company profiles and 27 tables and 74 figures is now available at http://www.marketreportsonline.com/504244.html.
Further, the lower cost of these drugs as compared to the patented biologics, the increasing encumbrance to curb healthcare costs globally, increasing nationwide government initiatives, and the strong pipeline for the biosimilar drugs is expected to fuel the biosimilars industry. On the other hand, high manufacturing complexities and costs, stringent regulatory requirements in countries and operational challenges are restricting the growth of the biosimilars market.
Key Highlights of the Report: Biosimilars Market - By Product Type - erythropoietin (EPO) captures maximum share of the global bioismilars market. The Granulocyte- Colony Stimulating Factor (G-CSF) market is expected to cross US$ 6 Billion mark by 2021. The Human Growth Hormone (HGH) biosimilars market is expected to grow with a double digit CAGR during the period 2016 - 2021. The monoclonal antibody is expected to show the highest growth rate during the period 2016 - 2021. The insulin and interferon product segment each accounted for single digit share of the global biosimilars market respectively in 2015.
Biosimilars Market - By Applications - Among various application segments of biosimilar market, blood disorders and oncology together accounted for over 55% share of the global biosimilars market in 2015. Growth hormone deficiencies application is expected to show double digit CAGR during the period 2016 - 2021. The chronic and autoimmune disorders captured XX% share of the biosmilars market in 2015.
Biosimilars Market - By Country - The market for biosimilars in the U.S. has gained momentum after the launch of Novartis' Zarxio in September 2015. In the European countries, Germany is at the forefront with around XX% share of the biosimilars market in 2015 followed by France with XX% share in the same year. China accounted for XX% share of the global biosimilar market in 2015. India is seen as a key player in the biosimilar space with an exceptionally high number of approvals granted in the last decade compared to the global average. South Korea captured XX% of the global biosimilar market in 2015 being closely followed by Brazil with XX% share in the same year.
Purchase a copy of this "Biosimilars Market" research report at http://www.marketreportsonline.com/contacts/purchase.php?name=504244.
Global Biosimilars Company Analysis - 13 Companies Covered: Biocad, Celltrion Inc., Dong-A Socio Group, Pfizer Inc., Intas Pharmaceuticals Ltd., Sandoz International GmbH - A Novartis Company, Stada Arzneimittel AG, Teva Pharmaceutical Industries Ltd, Amgen Inc., Biocon, Dr. Reddy's Laboratories, Mylan & Merck KGaA
5 Applications Covered include Oncology, Blood Disorders, Growth Hormone Deficiencies, Chronic and Autoimmune Disorders & Other Applications. 16 Countries/Regions Covered include United States, Canada, Argentina, Germany, France, Italy, Spain, United Kingdom, China, Japan, India, South Korea, Australia, Brazil, Mexico & Rest of the World.
Other Related Reports on Biosimilars Market:
Biosimilar (Insulin) - Competitive Landscape and Market & Pipeline Analysis, 2016 : Report provides an insight on Insulin Biosimilars that are under development for Type 1 and Type 2 Diabetes with an insight on the Epidemiology of the disease. It provides detailed information on the 11 Insulin Biosimilar that are in pipeline. It analyses Insulin Biosimilar industry and discusses the key market trends, major players, market assessment of 6 marketed insulin and the types of insulin with the length activity available in market. Report provides an update on the recent collaborations occurring in the insulin biosimilar market and the companies looking for partnership for the same. Comprehensive table of contents and more for this research is available at http://www.marketreportsonline.com/447103-toc.html .
Explore more pharmaceuticals market research as well as other newly published reports by iGate Research at http://www.marketreportsonline.com/publisher/igate-research-market-research.html.
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