What are biosimilars with examples?

Global Biosimilars Market Research Report 2028?

Bharat Book Bureau Provides the Trending Market Research Report on “Biosimilars Market by Drug Class, Indication, Region – Global Forecast to 2028”under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports. The global Biosimilars Market size is projected to reach USD 66.9 billion by 2028 from USD 29.4 billion in 2023, at a CAGR of 17.8% during the forecast period. Factors such as regulatory approvals, favorable reimbursement policies, rising demand for cost effective biosimilars is driving the market growth. “The monoclonal antibodies product segment accounted for the highest growth rate in the biosimilars market, by drug class, during the forecast period” In 2022, the monoclonal antibodies product segment accounted for the largest share of the biosimilars market, mainly due to the low prices of biosimilar monoclonal antibodies compared to the reference drugs and increased adoption of labs in the the treatment of cancer, autoimmune disorders, and osteoporosis. The growth of the fastest-growing segment was attributed to the rising incidence of cancer and chronic diseases globally. Increased approval for interchangeability insulin is likely to have positive impact on market. “Oncology segment accounted for the largest share of the indication segment in 2022.” Based on the indication, the biosimilars market is segmented into oncology, inflammatory and autoimmune diseases, chronic diseases, blood disorders, growth hormone deficiency, infectious diseases, and other indications. Rising demand for cancer drugs, growth hormones across various regions is propelling the growth of the market. “Asia Pacific region is likely to grow at a faster pace.” The biosimilars market is segmented into Europe, Asia Pacific, North America, latin America and Middle East and Africa. The APAC market is expected to be the fastest-growing regional segment during the forecast period due to the presence of numerous emerging players, less-stringent government regulations, and increasing cooperation among leading and regional players for development, manufacturing and commercialization of biosimilars. The primary interviews conducted for this report can be categorized as follows: •By Respondent: Supply Side- 70%, and Demand Side - 30% •By Designation (Supply Side): Managers - 45%, CXOs & Directors - 30%, Executives- 25% •By Region: North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, and Middle East and Africa -5% Lists of Companies Profiled in the Report: §Novartis AG (Switzerland) §Pfizer Inc. (US) §Dr. Reddy’s Laboratories Ltd. (India) §F. Hoffmann-La Roche Ltd (Switzerland) §Eli Lilly & Company (US) §Amgen Inc. (US) §Teva Pharmaceutical Industries Ltd. (Israel) §Samsung Biologics (South Korea) §Fresenius SE & Co. KGaA (Germany) §Boehringer Ingelheim International GmbH. (Germany) §STADA Arzneimittel AG (Germany) §Coherus BioSciences (US) §FUJIFILM Kyova Kirin Biologics Co., Ltd. (Japan) §USV Limited (India), §Amneal Pharmaceuticals LLC. (US) §Celltrion Healthcare (South Korea) §Biocon (India) §Intas Pharmaceuticals Ltd. (India) §Reliance Life Sciences (India) §AMEGA Biotech (Argentina) §Apotex, Inc. (Canada) §BIOCAD (Russia) §mAbxience (Spain) §Probiomed (Mexico) §Kashiv BioSciences, LLC (US), §Formycon AG (Germany) §Polpharma Biologics Group (Poland) §Amphastar Pharmaceuticals, Inc. (US) §Alvotech (Iceland) §UCB SA, (Belgium) Research Coverage: This report provides a detailed picture of the biosimilars market. It aims at estimating the size and future growth potential of the market across different segments, such as drug class, indication and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies. About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 \

When does HUMIRA patent expire?

HUMIRA's primary patent expired in the United States on December 31, 2016, but the drug remained protected by additional patents until 2023. The last of these patents related to formulations and methods of use expired in 2023, which allowed for the introduction of biosimilars. Consequently, the availability of biosimilar versions of HUMIRA began in the U.S. in 2023.

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