Market Benefits
Global Biologics and Biosimilars Market valued anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2018-2025.
The Biologics and Biosimilars market is developing and expanding at a significant pace. The Biologics are mainly the medicines which are made from living cells through an highly complex manufacturing processes & must be administered and monitored under careful conditions. The Biologics are precisely utilized to prevent, diagnose, Treat and cure a variety of chronic and infectious diseases which mainly include Chronic Kidney Diseases, Cancer and autoimmune diseases. The biosimilar is exactly what its name implies that it is a biologic which is similar to another biologic drug which has been already approved by the Food & Drug Administration (FDA).
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In the present scenario, under United States Law, a biosimilar is specifically approved based on a showing that is highly similar to an already FDA approved biological product which is commonly known as reference product. It could not have an clinically meaningful differences in terms of safety & effectiveness from the reference product. The demand of Biologics and biosimilar is on the constant rise owing to the factors which includes rise in the prevalence of chronic and infectious diseases such as Cancer and Cardiovascular diseases, surge in the geriatric population, novel research & development advanced drugs along with escalating number of clinical trails on the globe. However, the manufacturing concerns or issues owing to complexity of drug molecules are hindering the growth of market. The surge in the research & development investments and activities considering the field of pharmaceuticals along with increase in the therapeutical applications are expected to offer new opportunities for the growth of biologics and biosimilars market on the global scenario.
The leading market players mainly include-
• Roche
• Amgen
• AbbVie
• Sanofi-Aventis
• Johnson & Johnson
• Pfizer
• Novo Nordisk
• Eli Lily
• Novartis
• Merck
• Dong Bao
• Ganlee
• United Laboratories
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Market Segmentation:
The regional analysis of Global Biologics and Biosimilars Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
By Type:
• Antibody
• Hormone
• Growth Factors
• Other
By Applications:
• Tumor
• Diabetes
• Cardiovascular
• Haemophilia
• Other
By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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