According to the report “Europe Biosimilar Market” published by Market Data Forecast, the Europe market is projected to reach USD 7.37 billion by 2021, at a CAGR of 33% from 2016 to 2021.
Bio similar drugs are utilised in prevention and cure of different diseases such as rheumatoid arthritis, cancer, chronic kidney failure, oncology, diabetes, heart attacks, autoimmune diseases, growth hormone deficiency, and infectious disease.
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Bio similar market is growing as one of the most crucial sectors. With inclining healthcare costs, bios similar are being looked upon as a cheaper substitute. Emerging economies perceive comprehensive growth in bio similar industry from demanding clinical needs of therapeutics.
Across the world, the bio similar market is driven by aging population and the rates of diabetes have been increasing and so chronic disorders. Government support and initiations are playing a very vital role in driving the market. Rising pharmaceutical markets and lenient government regulations provide the prime openings the market. As these are less expensive it attract consumers to use these products over synthetic and biological drugs.
Based on type:
- Recombinant non-glycosylated Proteins
- Human Growth Hormones
- Granulocyte Colony-stimulating Factor (G-CSF)
- Recombinant Glycosylated Proteins
- Monoclonal Antibodies
- Recombinant Peptides
Based on application
- Blood Disorders
- Chronic and Autoimmune Diseases
- Growth Hormone Deficiency
- Infectious Diseases
Country wise Segmentation
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Some of the major players in the biosimilars market are Sandoz International GmbH, Wockhardt Ltd, Hospira, Inc., Teva Pharmaceutical Industries Ltd. Dr. Reddy’s Laboratories, Biocon Limited, Mylan, Inc., Zydus Cadila, Celltrion Inc., Roche Diagnostics and Cipla Ltd.
Scope of the Bio similar Market Study:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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