The global biosimilars market is expected to grow from USD 8.27 billion in 2019 to USD 43.36 billion by 2027, at a CAGR of 23.12% during the forecast period 2020-2027.
A biological, medical product that is an alternative for existing patented, and approved biologic drugs, approved according to the statements of efficacy, safety, and pharmaceutical quality is known as a biosimilar. Biosimilar are commonly used for the treatment of diseases like ulcerative colitis, Crohn's disease, plaque psoriasis, rheumatoid arthritis. Advantages of biosimilars are less expensive than their counterparts, enhanced patient accessibility, and incentive for innovation. The manufacturing process of a biosimilar is biologically; that is, the process is naturally variable.
The factors driving the market are rise in prevalence of chronic diseases across globe, strong product pipeline, emphasis on reducing healthcare cost in developed economies, cost-effective, approval of a biosimilar in major countries, reduced clinical development timelines, and growing demand for pharmaceutical drugs. Increasing prevalence of geriatrics population and growing application of biopharmaceuticals are also the driving factors. Challenges faced for the market growth are the presence of biologics and bio-betters, high development cost of biosimilar drug, interchangeability, and regulatory uncertainty.
This study delivers a comprehensive analysis of product, manufacturer, application, and region. The product segment includes Infliximab, Glucagon, Monoclonal Antibodies, Erythropoietin, Insulin, Interferon, Calcitonin, and Etanercept. Monoclonal antibodies segment is anticipated to show significant growth in the market, owing to the rising incidence of cancer and the increasing number of product launches. The manufacturer segment includes in-house and contract manufacturing. In-house manufacturing helps the companies to monitor and access on the production and reduces the cost of delivery and shipping. In-house manufacturing benefits the financial and operational capabilities of the company. Contract manufacturing is also expected to grow, owing to the low overhead cost of manufacturing. Based on application, the market is segmented into blood disorder, oncology, haematology, autoimmune disease, chronic disease. The haematology segment is anticipated to show the significant growth in the market, owing to advancement in chemotherapy-induced anaemia and increased number of people suffering from blood disorders. The oncology segment is also expected to witness rapid growth, due to recent approvals of a biosimilar for cancer treatment and a large number of products in the pipeline.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The market in North America is dominated by the US, due to the state of the art facilities for biosimilar production and presence of primary new technology. Europe has accounted for the most significant number of shares in the market, due to rising incidences of chronic diseases and the increasing geriatric population in the region. The Asia-Pacific region is also anticipated to fuel the market growth. The countries in Asia-Pacific such as India, South Korea, and China are also expected to fuel the market, due to high demand for low-cost therapeutics and treatments, increase in R&D expenditure, and high prevalence of various chronic diseases.
Some of the key players in the market are Biocon, Novartis, Ratiopharm, Coherus BioSciences, Biogen, 3SBio, Amgen, Dr Reddy's Laboratories, Sandoz, Intas Biopharmaceuticals, Samsung Bioepis, Elli Lilly and Company, Lupin, Merck, Boehringer Ingelheim, Sanofi, STADA Arzneimittel, Wockhardt, Zydus Cadila, Celltrion, and Teva Pharmaceutical. In 2019, Sandoz was one of the leading players in the biosimilar market. The company is still maintaining its leading position in the biosimilar market.
Global Biosimilar Market, By Product
Global Biosimilar Market, By Manufacturer
Global Biosimilar Market By Application
Global Biosimilar Market By Region
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis Manufacturer
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Biosimilars Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Infliximab
6.3. Glucagon
6.4. Monoclonal Antibodies
6.5. Erythropoietin
6.6. Insulin
6.7. Interferon
6.8. Calcitonin
6.9. Etanercept
7. Global Biosimilars Market Analysis and Forecast, Manufacturer
7.1. Segment Overview
7.2. In-house
7.3. Contract
8. Global Biosimilars Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Blood Disorder
8.3. Oncology
8.4. Hematology
8.5. Autoimmune Disease
8.6. Chronic Disease
9. Global Biosimilars Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Biosimilars Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Biosimilars Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Biocon
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Novartis, Ratiopharm
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Coherus BioSciences
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Biogen
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. 3SBio
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Amgen
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Dr Reddy's Laboratories
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Sandoz
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Intas Biopharmaceuticals
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Samsung Bioepis
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Elli Lilly and Company
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Lupin
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Merck
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Boehringer Ingelheim
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Sanofi
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. STADA Arzneimittel
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Wockhardt
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Zydus Cadila
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Teva Pharmaceutical
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
List of Table
1. Global Biosimilars Market, By Product, 2017–2027(USD Billion)
2. Global Infliximab Market, By Region, 2017–2027(USD Billion)
3. Global Glucagon Market, By Region, 2017–2027(USD Billion)
4. Global Monoclonal Antibodies Market, By Region, 2017–2027(USD Billion)
5. Global Erythropoietin Market, By Region, 2017–2027(USD Billion)
6. Global Insulin Market, By Region, 2017–2027(USD Billion)
7. Global Interferon Market, By Region, 2017–2027(USD Billion)
8. Global Calcitonin Market, By Region, 2017–2027(USD Billion)
9. Global Etanercept Market, By Region, 2017–2027(USD Billion)
10. Global Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
11. Global In house Biosimilars Market, By Region, 2017–2027(USD Billion)
12. Global Contract Biosimilars Market, By Region, 2017–2027(USD Billion)
13. Global Biosimilars Market, By Application, 2017–2027(USD Billion)
14. Global Blood Disorder Biosimilars Market, By Region, 2017–2027(USD Billion)
15. Global Oncology Biosimilars Market, By Region, 2017–2027(USD Billion)
16. Global Hematology Biosimilars Market, By Region, 2017–2027(USD Billion)
17. Global Autoimmune Disease Biosimilars Market, By Region, 2017–2027(USD Billion)
18. Global Chronic Disease Biosimilars Market, By Region, 2017–2027(USD Billion)
19. Global Biosimilars Market, By Region, 2017–2027(USD Billion)
20. Global Biosimilars Market, By North America, 2017–2027(USD Billion)
21. North America Biosimilars Market, By Product, 2017–2027(USD Billion)
22. North America Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
23. North America Biosimilars Market, By Application, 2017–2027(USD Billion)
24. U.S. Biosimilars Market, By Product, 2017–2027(USD Billion)
25. U.S. Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
26. U.S. Biosimilars Market, By Application, 2017–2027(USD Billion)
27. Canada Biosimilars Market, By Product, 2017–2027(USD Billion)
28. Canada Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
29. Canada Biosimilars Market, By Application, 2017–2027(USD Billion)
30. Mexico Biosimilars Market, By Product, 2017–2027(USD Billion)
31. Mexico Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
32. Mexico Biosimilars Market, By Application, 2017–2027(USD Billion)
33. Europe Biosimilars Market, By Product, 2017–2027(USD Billion)
34. Europe Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
35. Europe Biosimilars Market, By Application, 2017–2027(USD Billion)
36. Germany Biosimilars Market, By Product, 2017–2027(USD Billion)
37. Germany Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
38. Germany Biosimilars Market, By Application, 2017–2027(USD Billion)
39. France Biosimilars Market, By Product, 2017–2027(USD Billion)
40. France Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
41. France Biosimilars Market, By Application, 2017–2027(USD Billion)
42. U.K. Biosimilars Market, By Product, 2017–2027(USD Billion)
43. U.K. Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
44. U.K. Biosimilars Market, By Application, 2017–2027(USD Billion)
45. Italy Biosimilars Market, By Product, 2017–2027(USD Billion)
46. Italy Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
47. Italy Biosimilars Market, By Application, 2017–2027(USD Billion)
48. Spain Biosimilars Market, By Product, 2017–2027(USD Billion)
49. Spain Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
50. Spain Biosimilars Market, By Application, 2017–2027(USD Billion)
51. Asia Pacific Biosimilars Market, By Product, 2017–2027(USD Billion)
52. Asia Pacific Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
53. Asia Pacific Biosimilars Market, By Application, 2017–2027(USD Billion)
54. Japan Biosimilars Market, By Product, 2017–2027(USD Billion)
55. Japan Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
56. Japan Biosimilars Market, By Application, 2017–2027(USD Billion)
57. China Biosimilars Market, By Product, 2017–2027(USD Billion)
58. China Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
59. China Biosimilars Market, By Application, 2017–2027(USD Billion)
60. India Biosimilars Market, By Product, 2017–2027(USD Billion)
61. India Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
62. India Biosimilars Market, By Application, 2017–2027(USD Billion)
63. South America Biosimilars Market, By Product, 2017–2027(USD Billion)
64. South America Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
65. South America Biosimilars Market, By Application, 2017–2027(USD Billion)
66. Brazil Biosimilars Market, By Product, 2017–2027(USD Billion)
67. Brazil Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
68. Brazil Biosimilars Market, By Application, 2017–2027(USD Billion)
69. Middle East and Africa Biosimilars Market, By Product, 2017–2027(USD Billion)
70. Middle East and Africa Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
71. Middle East and Africa Biosimilars Market, By Application, 2017–2027(USD Billion)
72. UAE Biosimilars Market, By Product, 2017–2027(USD Billion)
73. UAE Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
74. UAE Biosimilars Market, By Application, 2017–2027(USD Billion)
75. South Africa Biosimilars Market, By Product, 2017–2027(USD Billion)
76. South Africa Biosimilars Market, Manufacturer, 2017–2027(USD Billion)
77. South Africa Biosimilars Market, By Application, 2017–2027(USD Billion)
List of Figures
1. Global Biosimilars Market Segmentation
2. Biosimilars Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Biosimilars Market Attractiveness Analysis By Product
9. Global Biosimilars Market Attractiveness Analysis Manufacturer
10. Global Biosimilars Market Attractiveness Analysis By Application
11. Global Biosimilars Market Attractiveness Analysis By Region
12. Global Biosimilars Market: Dynamics
13. Global Biosimilars Market Share By Product (2019 & 2027)
14. Global Biosimilars Market Share Manufacturer (2019 & 2027)
15. Global Biosimilars Market Share By Application (2019 & 2027)
16. Global Biosimilars Market Share by Regions (2019 & 2027)
17. Global Biosimilars Market Share by Company (2019)
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