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(Medical-NewsWire.com, July 19, 2017 ) Market Data Forecast recently published a report on the North America Biosimilars Market which estimates the market which was worth $1.26 billion in 2016 and expected to be growing at a CAGR of 38%, to reach $6.31 billion by 2021 during the forecast period from 2016 to 2021.
Biosimilars are less costly imitations of drugs known as biologics, which are used to treat a range of diseases including cancer, rheumatoid arthritis, diabetes, and anemia. But they are different from generics in that they are not exact copies.
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Biologic drugs are made using living cells that treat disease, usually by genetically modifying cells. They are big and very complex molecules, often 200 to 1,000 times the size of more common small-molecule drugs. For example, aspirin, part of a common category of medicine known as small-molecule drugs, is made of up only 21 atoms.
Biosimilars could be compared to snowflakes. The molecular makeup of each biosimilar treatment will look unique, like individual snowflakes, even though they all have similar outcomes. This is the result of differing manufacturing processes.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Increased co-operation between manufacturing companies, and the outsourcing of biosimilar products are acting as an impetus for biosimilars market. However, high manufacturing cost and complexity, and the availability of low priced generic drugs in the market are some of the major restraints of biosimilars market are facing. Numerous companies are fraught with approvals for their biosimilar drugs, due to unavailability of favorable regulatory compliance and heavy opposition from the reference product manufacturers. Moreover, the consumer preferences and the prescription patterns of physicians in the United States are more inclined towards reference products.
The market is segmented based on product type and therapeutic type and is studied for a deep-level understanding of the Biosimilars market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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By Type
Protein
Insulin
Human Growth Hormones
Granulocyte Colony-stimulating Factor (G-CSF)
Interferons
Recombinant Glycosylated Proteins
Erythropoietin
Monoclonal Antibodies
Follitropin
Recombinant Peptides
Glucagon
Calcitonin
By Technology
Mass Spectroscopy
Chromatography
Monoclonal Antibody Technology
Recombinant DNA Technology
Nuclear magnetic resonance (NMR) technology
Electrophoresis
Bioassay
By Application
Oncology diseases
Blood disorders
Growth hormone deficiencies
Chronic and autoimmune diseases
Others
On the basis of geography, the North America market is analyzed under various regions namely, USA and Canada. Europe is the market leader, followed by Asia-Pacific. However, progressive technological advancements in healthcare and structured drug review process will drive the markets in North America region.
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Some of the major players in the biosimilars market are Sandoz International GmbH, Wockhardt Ltd, Hospira, Inc., Teva Pharmaceutical Industries Ltd. Dr. Reddys Laboratories, Biocon Limited, Mylan, Inc., Zydus Cadila, Celltrion Inc., Roche Diagnostics and Cipla Ltd.
Scope of the North America Biosimilars Market:
Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
PESTLE and Porters Five Forces Analyses that examine the macro& micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Pharmaceuticals Segment:
North America Bio Pharmaceuticals Market: http://www.marketdataforecast.com/market-reports/north-america-bio-pharmaceuticals-market-634/
North America Plasma Protein Therapeutics Market: http://www.marketdataforecast.com/market-reports/north-america-plasma-protein-therapeutics-market-236/
North America Therapeutic Vaccines Market: http://www.marketdataforecast.com/market-reports/north-america-therapeutic-vaccines-market-73/
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the clients research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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Market Data Forecast
Abhishek
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abhishek@marketdataforecast.com
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