“Global Biosimilar Drugs market set to grow to $57bn by 2023” says new Visiongain report
17 April 2019
Visiongain has published a new pharma report Top 25 Biosimilar Drug Manufacturers : Humira, Remicade, Enbrel, Aranesp, Rituxan, Sandoz, Teva, Hospira, Pfizer, STADA Arzneimittel, Mylan, 3SBio, Qilu Pharmaceutical, Shanghai Fosun Pharmaceutical, Biocon, Dr. Reddy’s Laboratories, Probiomed, Biosidus, Celltrion, LG Life Sciences, Other Companies.
There is an extensive pipeline for biosimilars at the moment, with the main targets being the best-selling biologics who have patent expiry’s coming up. This patent cliff will provide a lot of opportunities for biosimilars manufacturers to gain a larger market share and could see biosimilars being placed into the spotlight as a viable and logical way of diversifying a company’s pharmaceutical portfolio. This will also see more entrants to this market which could see it become more consolidated and competitive in the future.
This report profiled the selected companies: 3SBio, Amega Biotech, Beijing ShuangLu Pharmaceuticals, Biocad, Biocon, Biosidus, Bioton, Celltrion, Dong-A, Dr Reddy’s Laboratories, Intas Biopharmaceutical, LG Life Sciences and other companies.
The lead analyst commented that "The biosimilars landscape will likely to undergo great changes in the future as the market starts to mature. Big pharma companies will enter the market and more companies will start to consolidate to avoid a hostile takeover and to protect their market position. Once more money is invested in researching biosimilars, progress will be made on the technology used, the type of biosimilars they can create and the cost of doing so.
Visiongain predicts the biosimilars landscape will change owing to the arrival of more big-name pharma companies into the biosimilars scene. With an ever-increasing market size, technological advancements and strong R&D pipelines, the biosimilars market is in a great position to continue its rise as one of the key new pharmaceutical sectors. That progress will highlight its ability to benefit companies, healthcare professionals and patients."
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