About Herceptin Biosimilar
Herceptin is a monoclonal antibody and the original brand of trastuzumab, a biological medicine used to treat specific types of breast and gastric cancer, in specific patients and used in conjunction with prescribed treatment regimes. Herceptin is what’s called a biologic drug, and it is made from living organisms, in this case, a protein from a mouse cell. A monoclonal antibody is a type of protein made in the lab that can bind to substances in the body, including cancer cells.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 23.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Herceptin Biosimilar 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.
Teva Pharmaceutical Industries, Ltd. (Israel), Amgen Inc. (United States), Celltrion Inc. (South Korea), Mylan, Inc. (United States), Pfizer Inc. (United States), Merck & Co., Inc. (United States), Intas Pharmaceuticals Limited (India), Gedeon Richter Plc (Hungary), Mabion SA (Poland), Roche Holding AG and, Par Pharmaceutical, Inc. (United States) and Hospira, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Biocon Limited (India), Dr. Reddy’s Laboratories (India), Sandoz International GmbH (Germany), Apotex, Inc. (Canada), Watson Pharmaceuticals, Ltd. (India), Novartis (Switzerland), Fresenius SE & Co. KGaA (Germany), Sun Pharmaceutical Industries (India), Ranbaxy Laboratories, Ltd (India), Actavis (Ireland), Cipla (India), Amneal Pharmaceuticals (United States), Aurobindo Pharma Limited (India), Aspen Pharmacare Holdings Limited (South Africa), Lupin Limited (India) and Zydus Cadila (India).
Segmentation Overview
AMA Research has segmented the market of Global Herceptin Biosimilar market by Type (Herzuma, Kanjinti, Ogivri, Ontruzant and Trazimera), Application (Anti-Arthritis Drugs, Anti-Cancer Drugs, Respiratory Products, Anti-Infective Drugs, Central Nervous System Drugs, Cardiovascular Products and Other) and Region.
On the basis of geography, the market of Herceptin Biosimilar 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). If we see Market by Distribution Channel, the sub-segment i.e. Sales Channel Hospital Pharmacies will boost the Herceptin Biosimilar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Delivery, the sub-segment i.e. Oral will boost the Herceptin Biosimilar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dose, the sub-segment i.e. 150 mg will boost the Herceptin Biosimilar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advent of Robotic Process Automation (RPA)
Market Growth Drivers:
Rising Demand for Herceptin Drugs in Emerging Countries such as China and India and Increasing Chronic Diseases such as Cancer
Challenges:
Herceptin may Cause Serious Heart Problems
Restraints:
Stringent Governmental Regulations
Opportunities:
Government Promoting the Pharmaceutical Sector
Market Leaders and their expansionary development strategies
In September 2023, Elicure entered into a partnership with MJ BioCo for the development and manufacturing of Elicure's biosimilar candidates, including a Herceptin biosimilar.
In September 2023, Elicure entered into a partnership with MJ BioCo for the development and manufacturing of Elicure's biosimilar candidates, including a Herceptin biosimilar.
Key Target Audience
Herceptin Biosimilar Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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.