Global oncology biosimilar market expected to generate revenue of around USD 13,993.64 million by end of 2024, growing at a CAGR of around 26.8% between 2018 and 2024. Biosimilar is the identical copy of oncology biologics used for the treatment of cancer and officially approved for the treatment of cancer.
The report covers forecast and analysis for the oncology biosimilar market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based revenue (USD Million). The study includes drivers and restraints for the oncology biosimilar market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the oncology biosimilar market on a global level.
In order to give the users of this report a comprehensive view on the oncology biosimilar market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, where test type, drug type, distribution channel and regional segmentation are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new test type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved on the market on the global and regional basis.
The study provides a decisive view on the oncology biosimilar market by segmenting the market based on test type, drug type, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market are estimated from 2018 to 2024.
Based on test type, the oncology biosimilar market is segmented as breast cancer, colorectal cancer, blood cancer, neutropenia cancer, non-small cell lung cancer and others. Based on the distribution channel, the oncology biosimilar market is segmented as retail pharmacies, hospital pharmacy, and online pharmacy.
Increasing demand for affordable therapies due to the constant increase in cancer patients is one of the major driving factors of oncology biosimilar market. High medical expenses associated with cancer treatment; the lack of awareness and dearth of skilled personnel are factors that influence the market growth during the forecast period.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries, including the U.S., Canada, Mexico, Germany, Spain, Italy, France, UK, China, Japan, India, and Brazil. This segment includes demand for oncology biosimilar market based on individual segment and test types in all the regions and countries.
The report also includes detailed profiles of end players such as Teva Pharmaceutical Industries Ltd., Biocon, STADA Arzneimittel AG, Sandoz International GmbH, Intas Pharmaceuticals Ltd., Celltrion Inc., Pfizer Inc., Apotex Inc., Dr. Reddy’s Laboratories Ltd., and BIOCAD, among others.
This report segments the global oncology biosimilar market as follows:
Global Oncology Biosimilar Market: by Test Type
Global Oncology Biosimilar Market: Drug Type Segment Analysis:
Global Oncology Biosimilar Market: by Distribution Channel
Global Oncology Biosimilar Market: by Region
Biosimilar is a biological medical product which is an identical copy of the original product manufactured by the companies. Biosimilar is the approved version of innovative products and can only be manufactured after the patent expiry of the original product. Oncology biosimilar is different as compared to the biologics in terms of complexity and manufacturing process. The biosimilar is much cheaper as compared to branded and approved products which are available in the market. There are several biologics available in the market for oncology which is on its way of patent expiry. Patent expiry of branded biologics will increase the biosimilar market. Biosimilar can be used for the treatment of various types of cancer such as lung cancer, kidney cancer, and others which are expected to open the gates of opportunities for the biosimilar market in the near future.
One of the major factors driving the oncology biosimilar market is the increasing demand for affordable therapies due to the constant increase in cancer patients worldwide. Various pharmaceutical companies are involved in the development of oncology biosimilar and generic medicines for the treatment of cancer at all stages and early detection of cancer. Due to the high demand for the cancer treatment, there is a rapid rate of approval observed in past few years which are expected to drive the oncology biosimilar market. The first biosimilar was approved in 2006 in Europe, and in the U.S. first biosimilar was approved in 2015 after the approval of first biosimilar FDA has approved five biosimilars in 2017. There is a number of applications pending for the approval of oncology biosimilar and their approval in future are expected to support the growth of oncology biosimilar market.
Based on cancer type, oncology biosimilar market is segmented into breast cancer, colorectal cancer, blood cancer, neutropenia cancer, non-small cell lung cancer and others. On the basis of drug type, oncology biosimilar market is segmented into mAb, immunomodulators, hematopoietic agents, G-CSF, and others. G-CSF segment is expected to grow at the fastest rate during the forecast period. Based on the distribution channel, oncology biosimilar market is segmented into retail pharmacies, hospital pharmacy, and online pharmacy. Hospital pharmacy segment is expected to grow at the fastest rate during the forecast period.
North America is expected to remain the dominant region over the forecast period which is closely followed by Europe. Due to the increased patent expiration and FDA approval of the new drugs the oncology biosimilar market is anticipated to grow rapidly over the forecast period. The Asia Pacific is expected to experience significant growth over the forecast period due to the increase in strategic collaboration in this region. Latin America and the Middle East & Africa are expected to experience a considerable growth over the forecast period. All the above-mentioned factors are responsible for the growth of oncology biosimilar market over the forecast period.
Some of the key players of the oncology biosimilar market include Teva Pharmaceutical Industries Ltd., Biocon, STADA Arzneimittel AG, Sandoz International GmbH, Intas Pharmaceuticals Ltd., Celltrion Inc., Pfizer Inc., Apotex Inc., Dr. Reddy’s Laboratories Ltd., and BIOCAD, among others.
Corporate Office
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Asia Pacific Office
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.