Biosimilars Follow on Biologics Market size was valued at USD 12.4 Billion in 2024 and is projected to reach USD 32.1 Billion by 2033, exhibiting a CAGR of 11.2% from 2026 to 2033.
In 2022, the global biosimilars and follow on biologics market was valued at approximately USD 21.8 billion, with a compound annual growth rate (CAGR) of 15.9% projected over the forecast period. Europe held the largest revenue share of 36%, attributed to a robust regulatory framework and increasing adoption of biosimilars. North America followed closely, accounting for 40.22% of the market, driven by a strong regulatory environment and the presence of major industry players. The Asia Pacific region is anticipated to experience the fastest growth, with a projected CAGR of 18.5%, fueled by the presence of key players and increased healthcare expenditure. Emerging markets in Asia Pacific, Latin America, and the Middle East present significant growth opportunities due to less stringent regulatory guidelines and increasing demand for affordable biologic treatments. The expiration of patents on several blockbuster biologic drugs further opens the market for biosimilar manufacturers to introduce competitive alternatives, thereby reducing treatment costs and expanding patient access to life saving therapies.
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Novartis
Synthon Pharmaceuticals
Teva Pharmaceutical Industries
LG Life Sciences
Celltrion
Biocon
Hospira
Merck Group
Biogen idec
Inc
Genentech (Roche Group)
Novartis
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Biosimilars Follow on Biologics Market
Monoclonal Antibodies
Recombinant Proteins
Fusion Proteins
Vaccines
Cellular and Gene Therapy Products
Cancer
Autoimmune Diseases
Diabetes
Hemophilia
Chronic Inflammatory Diseases
Pharmaceutical Companies
Biotechnology Firms
Contract Manufacturing Organizations (CMOs)
Subcutaneous
Intravenous
Intramuscular
Oral
Physicochemical Properties
Biosafety Profiles
Bioactivity
Immunogenicity
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Biosimilars Follow on Biologics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Biosimilars Follow on Biologics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biosimilars Follow on Biologics Market, By Type
6. Global Biosimilars Follow on Biologics Market, By Application
7. Global Biosimilars Follow on Biologics Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Biosimilars Follow on Biologics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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