Global Biosimilars Market Trends, Application and Regional Forecast to 2022-2028
Biosimilars are highly similar to the reference product in terms of safety, purity and potency, but may have minor differences in clinically inactive components. Any differences are carefully evaluated by manufacturers and reviewed by the FDA to ensure the biosimilar meets the Agency’s appropriately high approval standards. Global Biosimilars Market is expected to reach approximately USD 71,843 million, representing a CAGR of 28.9% during the forecast period 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global biosimilars market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the biosimilars industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, application, and region. The global market for biosimilars can be segmented by type: fusion protein, monoclonal antibodies, recombinant growth factors, recombinant hormones, others. Among these, the monoclonal antibodies segment was accounted for the highest revenue generator in 2021. Biosimilars market is further segmented by application: autoimmune and inflammatory, blood disorders, diabetes, growth hormone deficiency, infectious diseases, oncology, others. The oncology segment is estimated to account for the largest share of the global biosimilars market. Based on region, the biosimilars market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Europe held the largest share of the global biosimilars market in 2021 and is anticipated to hold its share during the forecast period.
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Last Update : 14 June 2022 11:49 AM
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