“Global Biosimilars And Follow-On Biologics Drugs market set to grow at CAGR of 7.1% by 2025” says new Visiongain report
30 April 2020
Visiongain has launched a new pharma report Global Biosimilars and Follow-On Biologics Market 2020-2030: Monoclonal Antibodies (mAbs), Fusion Proteins, Insulin, Erythropoietin’s, Granulocyte Colony-Stimulating Factor (G-CSF), Interferons, Growth Hormones, Fertility Hormones, Blood Disorders, Growth Hormone Deficiency, Autoimmune Diseases, Cancer, Diabetes, Infectious Diseases.
Many blockbusters branded innovator drugs are losing patent protection in the coming years. Some have already lost the market exclusivity and hence are prone to share their market space with the generic versions. Some examples include Roche’s Herceptin and Avastin, Amgen’s Enbrel, AbbVie’s Humira, etc. Billions of dollars are at stake for the branded pharmaceuticals market. This has led to a strong push for the biosimilar manufacturers. As such, both established and local pharmaceutical and biotechnology companies are making their way in this potential market.
The lead analyst of the report commented "As mentioned above, rapid growth in the biosimilars market during the period 2020-2030 will be a driven by a wide range of different factors. This will be primarily driven by the demand for lower cost alternatives to biologics by patients, doctors, healthcare payers and nations. Patent expiries for leading branded biologics will allow for the launch of a wider range of biosimilars in both developed and emerging markets."
Leading companies featured in the report include Amgen Inc, Biocon Limited, Celltrion Healthcare Co. Ltd, Dong-A Socio Holdings Co. Ltd, Dr.Reddy's Labs (DRL), F. Hoffmann-La Roche Ltd. and others.
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