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

What Major Innovations Are Driving the Accelerated Growth of the Biosimilars Market?

Expectations for the biosimilars market to grow are predominantly driven by the increasing occurrence of chronic diseases such as arthritis, asthma, and cancer. The growing number of these diseases can be attributed to long working hours, lack of physical activity, and harmful eating and drinking habits. As the frequency of these diseases increases, so does the use of biosimilars for their treatment. These treatments work by activating an immune response against cancer cells and aiding in their elimination from the body. A United Nations report predicts that by 2030, chronic diseases will account for 70% of total global deaths, with a global chronic disease burden estimated to be around 60%. Consequently, the ascending incidences of chronic diseases are expected to incite the demand for biosimilars and serve as a significant driving force for the growth of the biosimilars market.

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How Will the Growth Rate of theBiosimilars Market Impact Industry Trends by 2034?

The biosimilars sector has experienced significant expansion in the past few years. Its market size is predicted to increase from $18.65 billion in 2024 to $21.95 billion in 2025, presenting a compound annual growth rate (CAGR) of 17.7%. This historical growth has been driven by factors such as the rising incidence of cancer, robust economic advancement in developing markets, an upsurge in pharmaceutical research and development spending, escalated healthcare costs, increasing government initiatives, a robust pipeline of medicines, the affordability of biosimilars, and a surge in patent expirations.

In the coming years, the biosimilars market is poised for a swift expansion. It is anticipated to inflate to a value of $42.16 billion by 2029, with a compound annual growth rate (CAGR) of 17.7%. Factors contributing to this expected growth within the forecast duration encompass the rising prevalence of cancer, heightened demand for prophylaxis with granulocyte colony-stimulating factor (G-CSF), increment in healthcare spending, the untapped potential of emerging economies, advancements in technology, extensive penetration of biological drugs, the aging demographic, and heightened access to healthcare. Alongside these drivers, the prediction period will spotlight certain trends such as robust R&D endeavors to invent effective and novel drugs, a concentration on M&A growth tactics, emphasis on forging strategic alliances, an increase in investments, and the harnessing of artificial intelligence.

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What Are the Most Significant Market Trends Transforming theBiosimilars Market?

To remain competitive in the biosimilars market, top companies are concentrating on the creation of innovative products. AMJEVITA, the inaugural U.S. biosimilar to Humira, is a medication used by over a million patients with specific severe inflammatory diseases. Amgen Inc., a biotechnology company from the U.S., introduced AMJEVITA (adalimumab-atto), a biosimilar to Humira (adalimumab), in the American market in January 2023. AMJEVITA (40 mg) is being offered at a list price, or wholesale acquisition cost, 55% lesser than the current Humira list price, and even at 5% less than the prevailing Humira list price.

What Are the Top Market Players Propelling the Growth of theBiosimilars Industry?

Major companies operating in the biosimilars market include Amgen, Novartis AG, Samsung Bioepis Co., Ltd., Viatris, Celltrion, Inc., Coherus Biosciences, Eli Lilly and Company, Dr. Reddy’s Laboratories, Roche India Pvt Ltd, Abbott India Limited, bioMérieux India, Becton Dickinson Private Limited, Danaher Corporation, Wuxi biologics, shanghai Henlius biotech, Innovent Biologics, Hisun Pharma, 3SBio, Beijing ShuangLu Pharmaceuticals, Qilu Pharmaceutical, Kyowa Hakko Kirin, Takeda, Mitsubishi Tanabe, AGC Biologics, Bio-Thera, Sandoz Pty Ltd, Apotex Pty Ltd, Cadila Pharmaceuticals, BiosanaPharma, GlaxoSmithKline, AstraZeneca, Bayer, Merck, Boehringer Ingelheim, Sanofi, Fresenius Kabi, Napp Pharmaceuticals, Mundipharma Deutschland GmbH & Co. KG, Geropharm, Valenta, NovaMedica, SynBio, Rani Therapeutics, Johnson & Johnson, Biogen Inc., Aché, Eurofarma, Teva Pharmaceuticals, Oramed Pharmaceuticals, Entera Bio, Julphar, Hikma Pharmaceuticals, BIOPHARMA-MEA, NeoTX, AID Genomics Limited, Altis Biologics, Cipla Medpro South Africa, Next Biosciences, Viome, Inqaba Biotechnical Industries (Pty)

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Which Primary Segments of the Biosimilars Market Are Driving Growth and Industry Transformations?

The biosimilars market covered in this report is segmented –

1) By Type: Monoclonal Antibodies, Insulin, Erythropoietin, Granulocyte-Colony Stimulating Factor, Other Hormones, Others

2) By Product: Recombinant Non-glycosylated Proteins, Recombinant Glycosylated Proteins

3) By Application: Oncology, Chronic And Autoimmune Diseases, Growth Hormone Deficiency, Infectious Diseases, Other Applications

Subsegments:

1) By Monoclonal Antibodies: IgG Biosimilars, Non-IgG Biosimilars

2) By Insulin: Rapid-Acting Insulin Biosimilars, Long-Acting Insulin Biosimilars, Premixed Insulin Biosimilars

3) By Erythropoietin: Epoetin Alfa Biosimilars, Darbepoetin Alfa Biosimilars

4) By Granulocyte-Colony Stimulating Factor (G-CSF): Filgrastim Biosimilars, Pegfilgrastim Biosimilars

5) By Other Hormones: Growth Hormones, Hormonal Replacement Therapy Biosimilars

6) By Others: Enzyme Biosimilars, Vaccines, Other Biologics

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Biosimilars Market?# Market?

North America was the largest region in the global biosimilars market in 2024. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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