The global biosimilar market size was USD 25.50 Billion in 2022 and is expected to register a rapid revenue CAGR of 17.9% during the forecast period. Increasing prevalence of various cancer types, such as lung cancer, blood cancer, and brain tumors, and rising number of biosimilar products receiving regulatory authority clearance are key factors driving market revenue growth.

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Biosimilar market include:

Novartis AG, Orion Pharma AB, Pfizer Inc., Samsung Bioepis., Coherus BioSciences, Inc., Amgen Inc., Eli Lilly and Company, Takeda Pharmaceutical Company Limited., Bristol-Myers Squibb Company, Merck KGaA, Teva Pharmaceutical Industries Ltd., Biocon., Bayer AG, AbbVie Inc., Allergan, Dr. Reddy’s Laboratories Ltd., Boehringer Ingelheim International GmbH., Biogen, Mylan Inc., and Sandoz Group AG

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Biosimilar market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Biosimilar Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Biosimilar Market Segmentation:

  • Biosimilar Application Insights: (Revenue, USD Billion; 2019-2032)

    • Chronic and Autoimmune Diseases
    • Oncology Diseases/li>
    • Blood Disorders

  • Biosimilar Drug Class Insights: (Revenue, USD Billion; 2019-2032)

    • Monoclonal Antibodies
    • Granulocyte Colony-Stimulating Factor
    • Insulin
    • Erythropoietin
    • Recombinant Human Growth Hormone
    • Etanercept
    • Follitropin
    • Teriparatide
    • Interferons

  • Biosimilar End-use Insights: (Revenue, USD Billion; 2019-2032)

    • Hospitals Pharmacies
    • Retail Pharmacies
    • Online Pharmacies

 

Biosimilar Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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