This Research Profiles Biocon, Accord Healthcare, AET Biotech, Amgen, Celltrion, Reddy’s Laboratories, Hospira, 3SBio, Allergan, Alvartis Pharma among the others.
The analysts of Healthcare Intelligence Markets have thoroughly examined the Global Biosimilar Monoclonal Antibodies Market and have projected that the market will grow at a CAGR of +35% during the forecast period.
Antibodies that are produced by using undistinguishable immune cells that are clones of one exclusive parent cell, all monoclonal antibodies produced by the parent cell are the same due to which, they are called as biosimilar monoclonal antibodies. Biosimilar monoclonal antibodies (mAbs) are intricate, large type of proteins of the biosimilar family used by the immune system to recognize and counterbalance the foreign bodies, such as bacteria, viruses and others. These antibodies are usually managed in the treatment of diseases such as rheumatoid arthritis, hodgkins lymphoma, chronic lymphocytic leukemia and others.
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The patent expiry on essential biological drugs is one of the major factors that is driving the growth of the market with its cost-effectiveness which is done to assist the general public.
The Biosimilar Monoclonal Antibodies Market provides its segmentations by drug class such as Infliximab, Rituximab, Abciximab, Trastuzumab, Adalimumab and Bevacizumab. Along with this, it also provides an in-depth analysis of the prominent factors that influence the market which includes drivers, opportunities, trends and industry-specific challenges.
Some of the players operating in the Biosimilar monoclonal antibodies market are Biocon, Accord Healthcare, AET Biotech, Amgen, Celltrion, Reddy’s Laboratories, Hospira, 3SBio, Allergan, Alvartis Pharma among the others.
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Biocon, is developing a cost-effective treatment for one of the most prevalent forms of cancer in India by innovating a novel biologic named Nimotuzumab for head and neck cancer. Thousands of patients have got benefits from this product and it is sold under the brand name BIOMAb EGFR ®, in less than a decade since its introduction in India.
The recent approvals by the regulatory bodies in the developed economies for this market is a factor that is expected to boost the adoption of biosimilar MAB and in turn propel the growth of the market tremendously. But there are still some of the stringent government regulations on the biosimilar monoclonal antibodies market which is one of the aspects that is limiting the market to develop. But a number of pipeline products and its increase in the cases of chronic and autoimmune diseases are the other facets that are fueling the growth of this global market tremendously in the near future.
• By Type
o Synthetic Chemicals
• By Application
o Chronic & Autoimmune Diseases
o Growth Hormone Deficiency
o Infectious Diseases
• By Drug Class
• By Region
o North America
o Asia Pacific
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The report provides both, qualitative and quantitative research of the market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product type, application and specification, pricing, and gross margin.