A medicinal product that is identical to the reference product is referred to as a biosimilar. A biosimilar and a reference product are clinically equivalent. Purity, potency, and safety are some of these clinical differences. To put it another way, biosimilars are substitutes for currently available, patented, and approved biologics that have similar medical properties to the original biologics. Although the structure of the biosimilars differs slightly from the original biologics, they must nevertheless be comparable to the originator biologics in terms of safety and efficacy.
Biosimilar medicines are nearly exact replicas of licenced biologic medicines. In terms of potency, safety, and efficacy, they have medicinal features that are comparable to those of the original biologic drugs. In the near future, it is anticipated that the high prevalence of chronic disorders such diabetes, cancer, growth hormone deficiency, and anaemia would further fuel market expansion.
A medical product that is a biosimilar has the same active ingredient as the reference product or innovator product. Biosimilars are not the same thing as the original product in generic form. Rigid procedures are used to evaluate biosimilars, including non-clinical inspections, functional tests, analytical investigations, and clinical trials. Neutropenia, growth hormone replacement, and anaemia, which is closely associated to cancer and renal failure, are all conditions that are commonly treated with biosimilars. Due to the heterogeneity of biological systems and the manufacturing method, biosimilars may differ to a certain extent.
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Global Biosimilar Market: Segment Analysis
Biosimilar Market segment based on Molecule
- Filgrastim
- Rituximab
Filgrastim injection is for the treatment of Neutropenia, that is low white blood cells in the body, which is caused by cancer medicines. It is a synthetic form of substance that is produced naturally in your body known as colony stimulating factor. Filgrastim helps the bone marrow in the body to make new white blood cells itself.
Rituximab is used to treat certain types of Cancer such as Non-Hodgkin’s Lymphoma and Chronic Lymphocytic Lukemia. It slows or stops the growth of cancer cells. Some products of Rituximab are also used to treat the pain of Rheumatoid Arthritis and can also decrease swelling and pain of the joints.
Segmentation based on Indication Insights
- Oncology
- Female Infertility
Oncology is the largest segment in this market due to the availability of Biosimilar at a lower price than Innovation Biologics and a large number of cancer patients. The availability of Biosimilar in Oncology has reduced the prices and made cancer treatment more accessible and affordable. Due to the high prevalence of cancer, healthcare systems across the globe are more concentrated on reducing the burden of cancer by adopting cost effective treatment options.
Biologics are too expensive and cannot be afforded by everyone. Therefore, cost-effective and new Biosimilars are being manufactured in the market. In January 2016, Teva Pharmaceutical Industries Ltd. introduced Ovaleap, a biosimilar to GONAL-f (follitropin alfa) from Merck KGaA. The low cost of Biosimilars promotes patient trust and boosts the market growth.
Segmentation based on Manufacturing
- Contract Manufacturing
- In- house Manufacturing
Based on the type of manufacturing, the market is classified into in-house manufacturing and contract manufacturing. Amongst these, in-house manufacturing holds the majority of the market share.
Top Key Players:-
- LG Life Sciences
- Fresenius SE & Co. KGaA
- Pfizer, Inc.
- Hospira
- STADA Arzneimittel AG
- Dr. Reddy’s Laboratories Ltd.
- Eli Lilly and Company
- Genentech (Roche Group).
- Synthon Pharmaceuticals, Inc.
- Celltrion
- Boehringer Ingelheim
- Amgen, Inc.
- Gedeon Richter PLC
- Merck Serono (Merck Group)
- Teva Pharmaceutical Industries Ltd.
- Biocon Limited
- Samsung Biologics
- Biogen idec, Inc.
- Coherus BioSciences
- Viatris, Inc
- Fujifilm Kyowa Kirin Biologics Co., Ltd.
Table of Contents
1. Global Biosimilar Market Introduction and Market Overview
2. Global Biosimilar Market - Executive Summary
3. Biosimilar Market Trends, Outlook, and Factors Analysis
4. Global Biosimilar Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Component
7. Global Biosimilar Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Biosimilar Market Estimates & Forecast Trend Analysis, by End Use
9. Global Biosimilar Market Analysis and Forecast, by Region
10. North America Biosimilar Market: Estimates & Forecast Trend Analysis
11. Europe Biosimilar Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Biosimilar Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Biosimilar Market: Estimates & Forecast Trend Analysis
14. Latin America Biosimilar Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations
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