2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of theBiosimilar Hormones Market?

The prevalence of hormonal deficiencies, particularly in growth and metabolic hormones, is driving the biosimilar hormone market. In January 2022, the British Medical Journal reported that the prevalence of growth hormone deficiency (GHD) in children ranges from 1 in 3,500 to 1 in 10,000 globally. Furthermore, Medscape reported in June 2022 that about 6,000 adults in the USA are expected to be diagnosed with growth hormone deficiency. This growing need for treatment is driving the biosimilar hormones market.

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#What Long-Term Growth Rate is Expected for theBiosimilar Hormones Market Between 2025 and 2034?

The biosimilar hormones market size has grown exponentially in recent years. It will grow from $3.9 billion in 2024 to $4.98 billion in 2025 at a compound annual growth rate (CAGR) of 27.5%. This growth can be attributed to the rising prevalence of chronic diseases, the aging population, increasing awareness of biosimilar hormones, and expanding healthcare access globally.

The biosimilar hormones market is projected to experience substantial growth in the coming years, reaching $11.77 billion by 2029 at a compound annual growth rate (CAGR) of 24.0%. This growth is driven by the expansion of hormone targets, increasing patient acceptance, advancements in manufacturing, government support, growing clinical trial data, and greater access to healthcare. Key trends during this period will include personalized hormone replacement, new product launches, pricing and access strategies, and a focus on patient-centered care.

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What Are the Current Market Growth and Trends in theBiosimilar Hormones Market That Industry Players Should Watch?

Key players in the biosimilar hormones market are executing strategic initiatives like introducing new products in underserved regions to broaden drug accessibility. These companies aim to increase revenue and expand their footprint by launching their offerings in multiple markets. For instance, in February 2022, Alvotech Holdings S.A., a biopharmaceutical company from Luxembourg that specializes in biosimilar drugs, announced a partnership with Fuji Pharma Co. Ltd., a Japanese pharmaceutical firm, to co-develop biosimilar drug candidates in Japan. This collaboration expands their strategic alliance to facilitate the creation and distribution of biosimilars in the Japanese market.

Who Are the Dominant Market Players Pushing the Boundaries of theBiosimilar Hormones Market?

Major companies operating in the biosimilar hormones market include Teva Pharmaceutical Industries Ltd., Gedeon Richter Plc., Intas Pharmaceuticals Ltd., Biocon Limited, Mylan, Sanofi, Sandoz Group AG, LG Life Sciences, Ferring Pharmaceuticals, GC Pharma, Pfizer Inc., Dr. Reddy’s Laboratories, Amgen Inc., Eli Lilly and Company, Celltrion Inc., Samsungbioepis Co.Ltd, Merck & Co., Biogen Inc., Boehringer Ingelheim, Alvotech, BioXpress Therapeutics, Cipla Limited, Lupin Ltd., Stada Arzneimittel AG, Torrent Pharmaceuticals, Zydus Cadila, Accord Healthcare, Hetero Drugs, Wockhardt

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What Are the Core Segments of the Biosimilar Hormones Market, and How Do They Contribute to Growth?

The biosimilar hormones market covered in this report is segmented –

1) By Type: Teriparatide Biosimilars, Follitropin Alfa Biosimilars, Insulin Biosimilars, Somatropin Biosimilars, Other Types

2) By Application: Research & Biotechnology, Diagnostics, Biocatalysts, Therapeutics, Other Applications

3) By Distribution Channel: Hospital And Retail Pharmacy, Online Pharmacy/pharmacy, Specialty Clinics

Subsegments:

1) By Teriparatide Biosimilars: Osteoporosis Treatment, Bone Health Maintenance

2) By Follitropin Alfa Biosimilars: Infertility Treatment, Assisted Reproductive Technology (ART)

3) By Insulin Biosimilars: Type 1 Diabetes Management, Type 2 Diabetes Management

4) By Somatropin Biosimilars: Growth Hormone Deficiency Treatment, Pediatric Growth Disorders

5) By Other Types: Thyroid Hormones, Corticosteroids

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What Regions Are Dominating the Biosimilar Hormones Market Growth?

The countries covered in the biosimilar hormones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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