North America’s Biosimilars and Biologics Industry Achieves Rapid Growth The market has experienced substantial recent expansion, capturing an impressive 28% share, second only to Europe during the projected period.
This growth can be attributed to the continual advancements in healthcare technologies and meticulous drug evaluation procedures, which have significantly boosted the sales of biosimilars and biologics in this region. With increasing investments in the development of biosimilar medications, the presence of state-of-the-art research infrastructure, and the innovative strategies adopted by pharmaceutical manufacturers, North America is poised for an exciting trajectory in the biosimilars and biologics industry.
Request a Sample Copy of the Report Now.
https://www.futuremarketinsights.com/reports/sample/rep-gb-1250
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 on 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 based on demand patterns and growth prospects.
Crucial information and forecast statistics covered in the Biosimilars and Biologics industry 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.
COVID-19 Impact Analysis on Biosimilars and Biologics Industry
The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Biosimilars and Biologics industry. Severe shortages of critical medical supplies and a rapid rise in several COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Biosimilars and Biologics market.
Following government 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 the preliminary impact of COVID-19 on the Biosimilars and Biologics industry. 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.
Exploring the study’s key assumptions. Ask an analyst.
https://www.futuremarketinsights.com/ask-question/rep-gb-1250
Why Choose Future Market Insights
- Serving domestic and international clients 24/7
- Prompt and efficient customer service
- Data collected from reliable primary and secondary sources
- Highly trained and experienced team of research analysts
- Seamless delivery of tailor-made market research reports
Biosimilars and Biologics Industry: Segmentation
Valuable information covered in the FMI’s Biosimilars and Biologics industry report has been segregated into key segments and sub-segments.
By Product Class:
- Epoetins
- Filgrastim
- Insulins
- Growth Hormones
- Alfa Interferons
- Monoclonal Antibodies
- Beta Interferons
- Follitropins
- Low-molecular-weight Heparins (LMWH).
By Application:
- Rheumatoid arthritis
- Anemia
- Cancer
- Diabetes
- Others
Get Your Customized Impactful Report Now!
https://www.futuremarketinsights.com/customization-available/rep-gb-1250
Biosimilars and Biologics Industry: 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 industry 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.
- Reddy’s Laboratories
- Biocon Limited
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis of growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis of 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 the necessary information to make critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Biosimilars and Biologics industry
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube