Interchangeable Biosimilars Market Share

  • Report ID: 4047
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

Interchangeable Biosimilars Market Share

APAC Market Statistics

The Asia Pacific interchangeable biosimilars market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, on the back of advancement in the healthcare infrastructure, along with the growing number of researchers involved in R&D activities in the region. As per the data from the World Bank, there were 5331.15 researchers per million people in Japan, and 1307.121 per million people in China, as of 2018. Furthermore, the rising cases of chronic disorders and acute illnesses among the population are expected to increase the usage of advanced therapy medicinal products including interchangeable biosimilars are also estimated to drive the market in the Asia Pacific in the upcoming years.

North American Market Forecast

On the other hand, the market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing emergence of new pharmaceutical companies over the past decade, along with high investment in medical research activities. Further, the presence of a strong healthcare network in the region, with the addition of the availability of favorable policies by the regulatory bodies that promote the market players to opt for investing in more research works to bring up more feasible solutions so as to develop efficient interchangeable biosimilars options, are also anticipated to contribute to market growth in the region.

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Author Credits:  Radhika Pawar


  • Report ID: 4047
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of interchangeable biosimilars is evaluated at USD 35.46 Billion.

The interchangeable biosimilars market size was valued at USD 30.03 Billion in 2023 and is anticipated to exceed USD 324.74 Billion by the end of 2036, registering over 20.1% CAGR during the forecast period i.e., between 2024-2036. Increasing incidences of chronic diseases and the growing availability of over-the-counter drugs along with the rising focus on health and fitness are the major factors driving the market growth.

Asia Pacific is poised to account for majority industry share by 2036, on the back of advancement in the healthcare infrastructure, along with growing number of researchers involved in R&D activities in the region.

Biocon Limited, Mylan N.V., Amgen Inc., Coherus BioSciences, Inc., Pfizer Inc., Sandoz International GmbH, Merck & Co., Boehringer Ingelheim group, Samsung Bioepis Co., Ltd., Teva Pharmaceutical Industries Ltd.
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