Global Biologics and Biosimilars Market Overview:
Biologics and biosimilar are produced in living cells in a multi-step process that is unique for every manufacturer. By comparison, biologics are very large and have complex molecular structures, they are produced by using complex biotechnology process. It is difficult to produce the same copy of drugs without using the exact same ingredients, the same living cell lines, and identical manufacturing conditions. Once a patent expires for biologic it is legal for others manufactures to produce the drug, and these drugs are known as a biosimilar. Biosimilar is products that are similar to an already existing brand-name, original biologic, they are not identical to biologics they are just the replica of biologics.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Roche (Switzerland), Amgen (United States), AbbVie (United States), Sanofi-Aventis (France), Johnson & Johnson (United States), Pfizer (United States), Novo Nordisk (Denmark), Eli Lilly (United States), Novartis (United States) and Merck (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Number of the Aging Population Globally
- Increasing Chronic and Infectious Diseases such as Kidney Diseases, Cancer and Autoimmune Diseases
Roadblocks
- Lack of Automatic Substitution at the Pharmacy
- High Manufacturing Concerns for Biologics
Challenges
- Issues Related to the Complexity of Drug Molecules Structures for Biologics
- Lack of Trained Healthcare Professionals and Stringent Approval Policies
Competitive Landscape:
Some of the key players profiled in the report are Roche (Switzerland), Amgen (United States), AbbVie (United States), Sanofi-Aventis (France), Johnson & Johnson (United States), Pfizer (United States), Novo Nordisk (Denmark), Eli Lilly (United States), Novartis (United States) and Merck (United States). Additionally, following companies can also be profiled that are part of our coverage like 3sbio (China), Changchun High Tech (China) and Ganlee (China). Analyst at AMA Research see Global Players to retain maximum share of Global Biologics and Biosimilars market by 2027. Considering Market by Disease Type, the sub-segment i.e. Oncology will boost the Biologics and Biosimilars market. Considering Market by Route of administration, the sub-segment i.e. Injection will boost the Biologics and Biosimilars market.
In 2018, FDA Commissioner Gottlieb introduced the Biosimilars Action Plan to help spur competition and innovation for biosimilars. As of March 2019, 18 biosimilars have been approved in the United States
What Can be Explored with the Biologics and Biosimilars Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biologics and Biosimilars Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biologics and Biosimilars
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biologics and Biosimilars market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biologics and Biosimilars market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biologics and biosimilar Manufacturers, Health care Centers, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.