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The global biosimilars market was valued at USD 14.58 billion in 2018. Factors driving the growth of the biosimilars market include cost-effectiveness, strategic collaborations resulting in enhanced productivity and increasing incidences of chronic diseases.
A biosimilar is defined as a biologic that is already authorized for use. Here the biologic can be a medicinal substance derived from living organisms such as bacteria or yeast. These biologics can be smaller molecules or complex heavy chained molecules. For a biosimilar to be approved it must possess similarities with the reference medicine. Biosimilars usually show high molecular complexity, and are often sensitive to changes in the manufacturing process. Moreover, they are anticipated to swiftly increase market share and foster economic significance as more biologics reach patent expiry. However, regardless of several challenges biosimilars will fanfare in the foreseeable years owing to the increasing financial load on the global healthcare system.
The global biosimilars market is categorized based on product, type of manufacturing, and application. Based on application, the market is segmented into oncology, chronic diseases, autoimmune diseases, blood disorders, growth hormone deficiency, infectious diseases, and other diseases. Blood disorder dominated the market in 2018. Early biologics, such as insulin, growth hormones and erythropoietin, have been priceless in the treatment of serious illnesses such as anemia, diabetes, and renal diseases. More intricate biologics, such cytokines, as monoclonal antibodies and therapeutic vaccines, are aiding to renovate the treatment of autoimmune disorders, cancer and other difficult-to-treat diseases. For such higher-cost disease areas, biosimilars are involved in increasing access to populations who need these therapies but are incapable to access them today.
Region wise, Europe was the largest market in 2018; however, Asia Pacific is expected to witness the highest CAGR by 2025. Major players operating in the global biosimilars market include Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy’s Laboratories, Celltrion and Samsung Biologics among others.
Key segments of the global biosimilars market
Product Overview, 2015-2025 (USD Billion)
Type of Manufacturing Overview, 2015-2025 (USD Billion)
Application Overview, 2015-2025 (USD Billion)
Regional Overview, 2015-2025 (USD Billion)
Reasons for the study
· Developing economies emerging as the destination of choice to outsource biosimilar production
What does the report include?
Who should buy this report?
Consultants, analysts, researchers, and academicians looking for insights shaping the global biosimilars market
There are variations in regulatory consideration for biosimilars products around the world which impacts globally. As, in Canada does not support automatic substitution. The UK and Belgium recommend prescribing by brand name so as to avoid substitutions. Spain and Germany prohibit automatic substitution. In Ireland, Poland and Portugal have no clear position. In Japan substitutions should be avoided during the pharmacovigilance study period. Hence, as the global market of biosimilars expand and biosimilars become more complex, it is very essential to ensure clarity in prescribing regulations and make uniform regulations for global practice to get a therapeutically important biosimilars. There is no single uniform international guideline for biosimilars. Rather, there is a contrast of a highly regulated and a less regulated registration pathway.
Highly regulated approval pathways:
Less regulated regulatory pathways: In some countries, approval criteria for copies of original biologics are less stringent, to accelerate their potential for cost savings. The less rigorous comparative assessments in these countries have seen them referred to as a biopharmaceutical not subjected to regulatory approval. However, the guidelines for them are relatively vague.
In the type of manufacturing segment in-house manufacturing dominated the market in 2018, however contract manufacturing is set to grow at a highest CAGR. Patent expiries, lower R&D productivity, cost and time pressure have driven the CRO market till now. Over the years of relationship between sponsors and service providers has also changed. CROs have moved from being a service provider to being a preferred vendor and now acting as strategic partners with innovative companies across the globe.
Total biologic production capacity worldwide was estimated at approximately 2800m in 2010, 2000m of it was meant for captive use. This is expected to be augmented to approximately 3900m3 in 2017. Industry saw some consolidation of assets/ fresh capacity creation with Boehringer Ingelheim purchasing Amgen’s Fremont (CA) Biomanufacturing facility in 2011, Fujifilm acquiring Merck & Co’s contract manufacturing business in February 2011 and Samsung announcing plans to create manufacturing capacity of 120m, by 2017.
South Korea has taken the lead in active biologics, biosimilars and CRO manufacturing whereas contract biomanufacturing in India, China and Brazil is yet to reach scale. Multiple factors are driving the outsourcing of Biomanufacturing. Biosimilars API demand is expected to grow aggressively as biological drugs expiry will continue and more biosimilar products go for late stage clinical trials. Organizations trying to reduce their fixed costs and reduce their time to market will continue to outsource.
In 2018, Europe was the largest market for biosimilars and is anticipated to retain its position by 2025. However, Asia Pacific is expected to show promising growth in the forecast period.
Europe and the EU have historically been pioneers with regards to the regulatory approval and use of biosimilars – being the first to develop a biosimilar pathway in 2003 and the first to approve a biosimilar for marketing in 2006 and is now reaping the economic benefits, with increased availability of biological treatments at lower prices. At the same time, Europe maintains its lead role in fostering innovation, with more than 12,000 clinical trials on biologic medicines conducted in Europe to date, and a steady growth of biologic clinical trials activity. With increased patient access and healthcare system efficiencies generated through competition on the one hand and continued innovation on the other, the biosimilars represents a rapidly-growing segment of the European biopharmaceutical market, whose health, social and economic impact on the European economy is significant. Securing a sustainable future for the European biologics and biosimilars market is a top priority for European countries and for the European economy as a whole. 8 Driven by increasing demand for healthcare and its associated costs, many European countries are increasingly focusing on maximizing short-term savings rather than ensuring the long-term sustainability of this market. The lack of a unified approach and the high diversity of policies governing the daily practice of off-patent biologics may eventually undermine the goal of creating a sustainable European market for off-patent biologics.
The global biosimilars market was valued at USD 14.58 billion in 2018. Factors driving the growth of the biosimilars market include cost-effectiveness, strategic collaborations resulting in enhanced productivity and increasing incidences of chronic diseases.
A biosimilar is defined as a biologic that is already authorized for use. Here the biologic can be a medicinal substance derived from living organisms such as bacteria or yeast. These biologics can be smaller molecules or complex heavy chained molecules. For a biosimilar to be approved it must possess similarities with the reference medicine. Biosimilars usually show high molecular complexity, and are often sensitive to changes in the manufacturing process. Moreover, they are anticipated to swiftly increase market share and foster economic significance as more biologics reach patent expiry. However, regardless of several challenges biosimilars will fanfare in the foreseeable years owing to the increasing financial load on the global healthcare system.
The global biosimilars market is categorized based on product, type of manufacturing, and application. Based on application, the market is segmented into oncology, chronic diseases, autoimmune diseases, blood disorders, growth hormone deficiency, infectious diseases, and other diseases. Blood disorder dominated the market in 2018. Early biologics, such as insulin, growth hormones and erythropoietin, have been priceless in the treatment of serious illnesses such as anemia, diabetes, and renal diseases. More intricate biologics, such cytokines, as monoclonal antibodies and therapeutic vaccines, are aiding to renovate the treatment of autoimmune disorders, cancer and other difficult-to-treat diseases. For such higher-cost disease areas, biosimilars are involved in increasing access to populations who need these therapies but are incapable to access them today.
Region wise, Europe was the largest market in 2018; however, Asia Pacific is expected to witness the highest CAGR by 2025. Major players operating in the global biosimilars market include Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon, Dr. Reddy’s Laboratories, Celltrion and Samsung Biologics among others.
Key segments of the global biosimilars market
Product Overview, 2015-2025 (USD Billion)
Type of Manufacturing Overview, 2015-2025 (USD Billion)
Application Overview, 2015-2025 (USD Billion)
Regional Overview, 2015-2025 (USD Billion)
Reasons for the study
· Developing economies emerging as the destination of choice to outsource biosimilar production
What does the report include?
Who should buy this report?
Consultants, analysts, researchers, and academicians looking for insights shaping the global biosimilars market
1. Introduction
1.1. Introduction to the Study
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Five Forces Analysis
3.4. Value Chain Analysis
3.5. Regulatory Scenario
4. Biosimilars Market by Product, 2015-2025 (USD Billion)
4.1. Recombinant Non-glycosylated Proteins
4.2. Recombinant Glycosylated Proteins
4.3. Recombinant Peptides
5. Biosimilars Market by Type of Manufacturing, 2015-2025 (USD Billion)
5.1. In-house Manufacturing
5.2. Contract Manufacturing
6. Biosimilars Market by Application, 2015-2025 (USD Billion)
6.1. Oncology
6.2. Blood Disorders
6.3. Chronic Diseases
6.4. Autoimmune Diseases
6.5. Growth Hormone Deficiency
6.6. Infectious Diseases
6.7. Other Diseases
7. Biosimilars Market by Region 2015-2025 (USD Billion)
7.1. North America
7.1.1. US
7.1.2. Canada
7.2. Europe
7.2.1. UK
7.2.2. Germany
7.2.3. France
7.2.4. Rest of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. Rest of APAC
7.4. Latin America
7.4.1. Brazil
7.4.2. Mexico
7.4.3. Rest of Latin America
7.5. Middle East & Africa
7.5.1. GCC
7.5.2. South Africa
7.5.3. Rest of MEA.
8. Competitive Landscape
8.1. Company Positioning
8.2. Strategic Initiatives
8.2.1. Mergers & Acquisitions
8.2.2. New Product Launch
8.2.3. Investments
8.2.4. Expansion
8.2.5. Others
9. Company Profiles
9.1. Pfizer Inc.
9.1.1. Overview
9.1.2. Products and Services Portfolio
9.1.3. Recent Initiatives
9.1.4. Company Financials
9.2. Sandoz International
9.3. Teva Pharmaceuticals
9.4. Amgen
9.5. Biocon
9.6. Dr. Reddy’s Laboratories
9.7. Celltrion
9.8. Samsung Biologics
9.9. Biogen Idec, Inc.
9.10. LG Life Sciences
10. Appendix
10.1. Primary Research Approach
10.1.1. Primary Interview Participants
10.1.2. Primary Interview Summary
10.2. Questionnaire
10.3. Related Reports
10.3.1. Published
10.3.2. Upcoming