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Mapping the Future: Biosimilar and Biologics Market Forecast 2034
The Global Biosimilars and Biologics Industry is poised for remarkable expansion. Projections indicate that it will expand from US$ 520.9 billion in 2024 to a staggering US$ 1,060.7 billion by 2034. This impressive growth trajectory is expected to be fueled by overall sales of biosimilars & biologics rising at a robust 7.6% CAGR.
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In a world characterized by dynamic challenges, the Biosimilars and Biologics market report from FMI emerges as an indispensable tool. It equips industry stakeholders with crucial information and forecast statistics, empowering them to formulate robust, long-term strategies. This strategic foresight is especially vital in navigating uncertainties, ensuring business continuity, and mitigating risks, such as those posed by the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Global 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 market. 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 Global Biosimilars And Biologics Industry.
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 Global 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.
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Global Biosimilars And Biologics Industry: Segmentation
Valuable information covered in the FMI’s Global Biosimilars And Biologics Industry report has been segregated into key segments and sub-segments.
By Product Class:
Epoetins
Filgrastims
Insulins
Growth Hormones
Alfa Interferons
Monoclonal Antibodies
Beta Interferons
Follitropins
Low-molecular-weight Heparins (LMWH).
By Application:
Rheumatoid arthritis
Anemia
Cancer
Diabetes
Others
Global Biosimilars And Biologics Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Global Biosimilars And Biologics Industry. Competitive information detailed in the Biosimilars and Biologics market 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 Global Biosimilars And Biologics Industry report.
Key players covered in the report include:
Pfizer Inc. (AC. Hospira)
Sandoz International GmbH
Teva Pharmaceutical Industries Ltd.
Reddy’s Laboratories
Biocon Limited
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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 market
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