The Biosimilars Market size is expected to reach USD 88.12 Billion in 2030 and register a revenue CAGR of 21.3% over the forecast period, according to the latest report by Reports and Data. Rapid market revenue growth of biosimilars is due to various factors such as growing geriatric population, increasing incidence of chronic diseases, and shortened regulatory approval process. However, complexities in manufacturing may hamper market revenue growth.
Chronic diseases are defined broadly as conditions that last a year or more and require ongoing medical attention or limit activities of daily living or both. Chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability. Many chronic diseases are caused by a combination of risk factors such as tobacco use and exposure to secondhand smoke, poor nutrition, including diets low in fruits and vegetables and high in sodium and saturated fats, lack of physical activity and excessive alcohol consumption. Hence, to cure chronic diseases, biosimilars are safe and effective medications and this in turn, is driving market growth.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are
Pfizer Inc., Dr. Reddy’s laboratories Ltd., Novartis AG., Amgen Inc., Biocon Ltd., Samsung Biologics., Celltrion, Teva Pharmaceuticals Industries Ltd., F. Hoffmann-La Roche Ltd., Biogen Idec Inc.
Product Type Outlook (Revenue, USD Million; 2019–2030)
- Recombinant Non-Glycosylated Proteins
- Recombinant Glycosylated Proteins
- Recombinant Peptides
- Others
Disease Type Outlook (Revenue, USD Million; 2019–2030)
- Oncology
- Blood Disorders
- Chronic Disease
- Infectious Disease
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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Major Points covered in this report are as below:
• The Biosimilars industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Biosimilars Market report provides key statistics on the market status of the Biosimilars manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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