Off-Patent Biologics to Boost the Growth of Biosimilars Global Market to Reach US$19.4bn by 2018
Hyderabad – Industry Experts, a multi industry focused market research firm, has today announced a new market research report ‘ Global Biosimilars Market - Products, Applications and Regulations ’ to its Biotechnology catalogue. Several of the leading 25 manufacturers of biosimilars have been entrenched in the market, and have the experience of marketing products for the last 5-10 years. On the other hand, several companies’ position is expected to be challenged over the next ten years, since the rapid growth forecast for the biosimilars market has attracted several new companies to enter this lucrative arena. Current leaders, in order to maintain market share, need to introduce new biosimilars over the next few years with a specific focus on the products in demand. Licensing deals are expected to expand the pipelines of established players, as well as new market entrants. The global biosimilar market , estimated at US$2 billion in 2012 and expected to touch US$2.7 billion in 2013,...