The Worldwide Biosimilars Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The World Biosimilars Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2023, surpassing its previous growth records in terms of value & volume. The world Biosimilars Market research report is expected to reach USD 16.97 Billion by 2023 from USD 3.35 Billion in 2016, at a CAGR of 26 %.
Market Research Future published new report, titled “Biosimilars Market -Research Report: Forecast to 2023”.
Market Players Pfizer Inc. (U.S.), Teva Pharmaceuticals Industries Ltd. (Israel), Sandoz International GmbH (Germany), Celltrion, Inc. (South Korea), Astra Zeneca (UK), Amgen Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Biocon Ltd. (India), Dr. Reddy’s Laboratories Ltd. (India), Novartis (Switzerland), Accord Healthcare (UK), Eli Lilly (US) and Samsung Bioepis (South Korea).
Market Synopsis of World Biosimilars Market:
World Biosimilars Market is a biological medical product which are identical copy of the original medical product. They are not generics nor treated like generic drugs. Biosimilars are derived from bacteria, plant, yeast and many other different process. Increasing incident of different diseases, strategic collaborations resulting in enhanced productivity and clinical trial activities for biosimilars and increasing demand for the cheap medical products is responsible driving the global biosimilars market. On other hand lack of awareness and physician scepticism are the major restraining factor for the growth of the market.
The World Biosimilars Market research report is segmented on the basis of product into recombinant glycosylated proteins, recombinant non-glycosylated proteins and other. Recombinant glycosylated proteins are further sub segmented into Monoclonal antibody (mAb) and EPO. Recombinant non-glycosylated proteins is sub segmented into insulin, growth hormones and other. On the basis of application the market is segmented into Immune diseases, oncology and blood related disorders and other. On the basis of manufacturing, market is segmented into contract manufacturing and in-house manufacturing.
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On regional basis, Europe has dominating market for the World Biosimilars Market. Increasing prevalence of diseases and rising geriatric population has led to grow this market in Europe. North America has second leading market followed by Asia Pacific. Asia Pacific biosimilars market is growing at a CAGR of 27.8 % during 2017-2023.
The report for World Biosimilars Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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Table of Contents
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity of Rivalry
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