Biosimilars Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20172025
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REPORT DESCRIPTION Biosimilars Market – Overview Biosimilars are biological medical products which are the identical copies of the original products. Biosimilars are also termed as subsequent entry biologic or follow-on biologic. Biosimilars are expected to possess active properties, similar to that of officially approved original product at present. Biosimilars can be manufactured only when the patent for the original innovator product expires. Biologics or biosimilars are sensitive to changes in manufacturing process due to the higher molecular complexity. In 2010, The Food and Drug Administration (FDA) has gained the authority to approve biosimilars as a part of Patient Protection and Affordable Care Act. The approval process is based on thorough demonstration of similarity and comparability with the existing approved product. Biosimilars are generally derived from living cells of plants, animals, yeast, bacteria and viruses, through genetic engineering processes including controlled gene expression and recombinant DNA technology. The key factors driving the growth of biosimilars market are the increasing demand due to their cost-effectiveness, rising geriatric population, growing pressure to curtail healthcare expenditure, increasing government support and initiatives to develop and promote biosimilars, strategic collaborations to enhance productivity and clinical trial activities for biosimilars. According to the American Health and Drug Benefits in 2013, the average biosimilars sale was more than U.S. $1 billion annually. For instance the global sales was projected to be around U.S. $7.19 billion for Remicade (infliximab) and U.S. $5.98 billion for Avastin (bevacizumab), leading to the higher approval by the doctors and patients of biosimilars globally. Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Biosimilars Market Taxonomy: On the basis of product type ●
Monoclonal Antibodies
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Recombinant Hormones
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Anti-Inflammatory Agents
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Immunomodulators
On the basis of by manufacturing type ●
In-house Manufacturing
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Contract Manufacturing Organizations
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REPORT DESCRIPTION Biosimilars Market: Key Players ●
Sandoz International GmbH.
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Apotex.
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Biocon.
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Zydus Cadila Healthcare.
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Celltrion and Pfizer.
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Accord Healthcare,
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Harvest Moon Pharmaceuticals,
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Eli Lilly and
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Teva Pharmaceuticals.
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