Biosimilars Market Research Report covers the present scenario and the growth prospects of the Biosimilars Industry for 2016-2020. Biosimilars Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Biosimilars globally.
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The Biosimilars Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Biosimilars Market:
- Dr. Reddy’s Laboratories
Other Prominent Vendors of Biosimilars Market Are:
- Accord Healthcare
- AET Biotech
- Alvartis Pharma
- Amega Biotech
“Emergence of biosimilars will be a key trend for market growth. The sales of biologics are expected to decline during the forecast period, owing to the increased sales of their biosimilar versions, which cost lesser and are almost similar to their originator biologic compounds. For instance, epoetin alfa BS injection by JCR Pharmaceuticals and Kissei Pharmaceutical is a biosimilar form of epoetin alfa that was launched in the market in May 2010. Similarly, the US FDA approved Inflectra in April 2016 to treat autoimmune and inflammatory diseases.”
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According to the Biosimilars Market report, Reimbursement benefits for biosimilars will be a key driver for market growth. Lack of cost-effectiveness impeding the coverage of drugs results in variations in the reimbursement status of drugs from region to region. The Medicare and Medicaid reimbursement plans are expected to have an impact on the global scenario for diseases such as diabetes, which have high prevalence and incidence rates in the US. Medicare provides coverage for the older population (65 years or older), people with the end-stage renal disease (ESRD), and people aged below 65 years with certain disabilities.
Report also presents Geographical Segmentation analysis of Biosimilars Market of Americas, APAC, EMEA region.
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Further, the Biosimilars Market report states that the reluctant nature of physicians to prescribe biosimilars will be a challenge for the market. Physicians are reluctant to prescribe biosimilars to patients, as biologics cannot be substituted with these drugs. Biologics are developed using a living system or a genetically modified organism. A slight variation in the manufacturing process, in terms of conditions and the formulation of biosimilar products can affect the safety and efficacy of the final product. Biosimilars can also not be used during post-marketing surveillance as the substitution of drugs is prohibited in a country during this period. Also, similar to generic drugs, physicians do not receive financial incentives for prescribing biosimilars.
Key questions answered in Biosimilars market report:
- What will the Biosimilars market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving Biosimilars market?
- What are the challenges to Biosimilars market growth?
- Who are the key vendors in Biosimilars market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 152
Price of Report: $ 2500 (Single User License)
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