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Biosimilars Market To Register Phenomenal Growth By 2o25

Author : Ronak Bora | Published Date : 2020-11-04 

Biosimilars market is poised to record phenomenal gains in the upcoming years owing to the fact that these play a pivotal role in augmenting public health issue by addressing the customer needs to a much larger extent. Numerous reports suggest that biosimilars would result in overall potential savings of nearly USD 100 billion by the end of 2020, subject to the product’s ability to reduce the healthcare cost. The aforementioned factors have been claimed to offer significant impetus to the overall market growth over 2019 to 2025.

Technological developments have also been claimed to bring about a wave of transformation in the overall biosimilar business space in the upcoming years. According to market estimates, development of biosimilars by recombinant DNA technology acquired a market share of 80 per cent, while recording a valuation of USD 8,123.6 million in 2018. This growth is mainly ascribed to the rising use of this technology to realize various biosimilar products including the likes of human growth hormones, insulin, and others.

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According to Equity Bulls, indeed, the potential presented by biosimilars is quite lucrative with many pharmaceutical companies keen on capitalizing on these drugs. This is primarily being done to take themselves past molecule generics-driven sector that is full of intense competition and subject to price pressures.

Typically, a biosimilar is a less expensive drug that is demonstrated to be quite similar to a patented biologic medicine authorized by regulators for sale. While it may seem like patent infringement, biosimilars contain inactive components that differentiate them from the original drug and are often manufactured when the original drug’s patent & data protection have expired.

Several Indian pharmaceutical companies, supported by their experience in manufacturing generics, are beginning to make a move into the global biosimilars market. Reliable reports claim that most Indian pharmaceutical firms are beginning to accrue a substantial percentage of their revenue from biosimilars. This has, in consequence, provided a major impetus to the regional biosimilars industry statistics

Various industry majors operating in biosimilars market space have been gradually shifting towards adoption of in-house manufacturing owing to its endless advantages including easy monitoring and assessment of production and reduced costs related to production, delivery, and shipping. In line with these, merits like enhanced flexibility and efficiency of work have likewise increased the operational and financial capabilities of the companies.

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Partial Chapter of the Table of Content

Chapter 6.    Biosimilars Market, By Manufacturer

6.1. Global market share by manufacturer, 2018 & 2025

6.2. Contract Research and Manufacturing Services

6.2.1.    Market size, by region, 2014 – 2025 (USD Million)

6.3. In-house

6.3.1.    Market size, by region, 2014 – 2025 (USD Million)

Chapter 7.    Biosimilars Market, By Technology

7.1. Global biosimilars market share by technology, 2018 & 2025

7.2. Recombinant DNA Technology (rDNA technology)

7.2.1.    Market size, by region, 2014 – 2025 (USD Million)

7.3. Monoclonal Antibodies (MAb) Technology

7.3.1.    Market size, by region, 2014 – 2025 (USD Million)

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/biosimilars-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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