Oncology Biosimilars Market Industry Size, Growth, Demand, Opportunities and Forecast By 2029
Oncology Biosimilars report puts across the idea of high level analysis of major market segments and identification of opportunities.Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This market report accomplishes comprehensive analysis of profiles of key market players that provides a competitive landscape. The Oncology Biosimilars report displays important product developments and tracks recent acquisitions, mergers and research in the ABC industry by the key players.
Data Bridge Market Research analyses that the oncology biosimilars market was valued at USD 4.00 billion in 2021 and is expected to reach USD 15.55 billion by 2029, registering a CAGR of 18.5% during the forecast period of 2022 to 2029
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Market Definition
A biosimilar is a generic counterpart of a well-known biologic medicine. Medications made from living substances such as cells, tissues, or proteins are known as biologic drugs. A biosimilar is a medication that is based on a biologic drug that has already been studied, produced, clinically tested for safety and effectiveness, and authorized by the US Food and Drug Administration (FDA). Since the biosimilar is based on the approved drug, the biologic medications are commonly referred to as reference drugs. The functions of biosimilar are same as the reference drugs and it is dependent to FDA approval.
Some of the major players operating in the oncology biosimilars market are:
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Pfizer Inc. (U.S.)
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GlaxoSmithKline plc (U.K.)
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Novartis AG (Switzerland)
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Mylan N.V. (U.S.)
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Teva Pharmaceutical Industries Ltd.(Israel)
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Sanofi (France)
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F. Hoffmann-La Roche Ltd. (Switzerland)
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Zydus Cadila (India)
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Lupin (India)
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Amneal Pharmaceuticals LLC. (U.S.)
Competitive Landscape and Oncology Biosimilars Market Share Analysis
The oncology biosimilars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oncology biosimilars market.
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