Biosimilars And Biologics market Trend, Key Players Analysis and Solution Forecast by 2032
The Biosimilars And Biologics Market is expected to grow at a CAGR of 15.5% during the period 2022-2032. The market is valued at US$ 22,490.62 Mn in 2022 and is expected to reach a valuation of US$ 95,021.37 Mn by 2032.
FMI, in its business report, elaborates the historical and current scenario of the global Biosimilars and Biologics Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Biosimilars and Biologics market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Biosimilars and Biologics Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Biosimilars and Biologics market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Biosimilars and Biologics market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Biosimilars and Biologics market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Biosimilars and Biologics Market: Segmentation
Valuable information covered in the FMI’s Biosimilars and Biologics market report has been segregated into key segments and sub-segments.
By Product Class:
Epoetins
Filgrastims
Insulins
Growth Hormones
Alfa Interferons
Monoclonal Antibodies
Beta Interferons
Follitropins
Low-molecular-weight Heparins (LMWH).
By Application:
Rheumatoid arthritis
Anemia
Cancer
Diabetes
Others
Biosimilars and Biologics Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Biosimilars and Biologics market. Competitive information detailed in the Biosimilars and Biologics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Biosimilars and Biologics market report.
Key players covered in the report include:
Pfizer Inc. (AC. Hospira)
Sandoz International GmbH
Teva Pharmaceutical Industries Ltd.
Dr. Reddy’s Laboratories
Biocon Limited
Mylan, Inc.
Amgen
Celltrion Inc.
Roche Diagnostics
Merck KGaA
Important Questions Answered in the Biosimilars and Biologics Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Biosimilars and Biologics market been expanding during the forecast period?
How will the global Biosimilars and Biologics market look like by the end of the forecast period?
What innovative strategies are adopted by Biosimilars and Biologics market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Biosimilars and Biologics market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Biosimilars and Biologics market