About Biosimilar Testing Service
Biosimilars are highly similar, though not identical, versions of existing biologics (like monoclonal antibodies or insulin). They offer comparable safety and efficacy at a lower cost, increasing patient access to vital treatments. Due to the inherent complexity of biologics, thorough testing is necessary to prove their biosimilarity. This ensures biosimilars perform as effectively and safely as reference products. Biosimilar testing services are crucial for bringing affordable alternatives to expensive biologics to the market. These services help demonstrate the high quality, similarity, and safety of biosimilars compared to their reference products.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 16.65% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Biosimilar Testing Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SGS (Switzerland), Merck (Germany), LAB Holdings (China), Antibody Analytics (United States), PPD (United States), Profacgen (Spain), Charles River Laboratories International (United States), Sartoriu (Germany), Pacific BioLabs (United States), Medicilon (China), Eurofins Scientific (France), Kymos Pharma Services (United Kingdom) and Intertek (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Biosimilar Testing Service market by Type (Pharmacokinetic Assay, Tiered Immunogenicity Testing and NAb Assays), Application (Pharmaceutical and Biopharmaceutical Companies, Contract research organizations (CROs), Contract development and manufacturing organizations (CDMOs) and Academic institutions and research laboratories) and Region.
On the basis of geography, the market of Biosimilar Testing Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Advancement in Techniques of Biosimilar Testing Services
Market Growth Drivers:
Rising Demand for Biologics to Address Medical Needs and Growing Demand for the Associated Bioanalytical Testing Services
Challenges:
Lack of Availability of Skilled Labors
Restraints:
Stringent Government Regulations Related to Biosimilar Testing Services
Opportunities:
Increasing R & D Expenditure in Pharmaceutical Companies
Market Leaders and their expansionary development strategies
In November 2023, Antibody Analytics introduces a novel cell-based assay platform. This platform enables more precise evaluation of biosimilar functionality and immunogenicity, enhancing safety and efficacy assessments.
In November 2023, PPD partners with Charles River, this collaboration aims to develop and offer integrated biosimilar development and testing solutions, combining PPD's clinical trial expertise with Charles River's extensive testing capabilities.
Key Target Audience
Developers, Stakeholders, Government Bodies, Suppliers & Distributers, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.