The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest oncology biosimilars market share in 2022.

The global oncology biosimilars market is expected to grow from $4.19 billion in 2022 to $5.38 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The oncology biosimilars market is expected to grow from $12.83 billion in 2027 at a CAGR of 24.3%.

Major Driver In The Oncology Biosimilars Market ­– Increase In Number Of Patent Expiry
Patents on roughly 20 oncology biologics will expire by 2023, paving the way for the development of new biosimilars in cancer therapy, according to the Centre for Biosimilars. The growing number of patent expirations is likely to raise demand for the development of novel oncology biosimilars, boosting market growth for oncology biosimilars.

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Key Oncology Biosimilars Market Segments
1) By Drug Type: Monoclonal Antibodies, Immunomodulators, Hematopoietic Agents, Granulocyte Colony-Stimulating Factor (G-CSF)
2) By Cancer Type: Breast Cancer, Colorectal Cancer, Blood Cancer, Neutropenia Cancer, Non-Small Cell Lung Cancer, Other Cancer Types
3) By Distribution Type: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy

Recent Oncology Biosimilars Market Trend – Pharmaceutical Companies Are Increasingly Investing In Research And Development
The companies are exploiting the growth potential of the rising biosimilar market by investing in their research and development (R&D) processes to support the research and production process of new biosimilars.

Oncology Biosimilars Market Prominent Players
Major players in the oncology biosimilars market are Bitcoin, Celltrion Inc., Dr. Reddy’s Laboratories Ltd., Intas Pharmaceuticals Ltd., STADA Arzneimittel AG, Pfizer Inc., Apotex Inc., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, BIOCAD, Amgen, Hospira, F Hoffmann-La Roche, Baxter, Sanofi, Mylan, and F Hoffmann-La Roche.

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The Oncology Biosimilars Global Market Report 2023 provides a comprehensive overview on the oncology biosimilars market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the oncology biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Oncology biosimilars refer to biologically similar drugs or medications that are physiologically comparable to biologic cancer treatments. Infection risk is increased by decreased white blood cell counts, which can be treated as a side effect of cancer therapy.

View More Related Reports –
Oncology Drugs Market 2023
Oncology Molecular Diagnostics Global Market Report 2023
Biosimilars Global Market Report 2023

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