Emerging Markets to Lead Biosimilars Market Growth, Global Market to Reach $53 Billion by 2025 - Market Report (2018-2025) by Industry Experts, Inc.
Industry Experts, Inc. unveiled the new 2019 version of its global market report on Biosimilars. The new version of the report entitled " Global Biosimilars Market – Products, Applications and Regulations " reveals that the global market for Biosimilar G-CSF is poised to post the fastest similar period CAGR of 33% and reach a projected US$7.3 billion by 2025. Cost effectiveness, increasing geriatric population, rising incidences and prevalence of chronic ailments such as Cancer, Autoimmune Disorders and Diabetes and supportive government regulations and guidelines are some of the factors fueling the biosimilars market. Furthermore, the growth of the biosimilars market is retarded due to insufficient regulatory guideline, expensive research and development procedures and preference of patented products by the patients, etc. Patent expiry of most of the monoclonal antibody based biologics drives the biosimilar monoclonal antibody market. Oncology biosimilar market leads the ...