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The trastuzumab biosimilars market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 27%, as per The Business Research Company’s market report!

Read More On The Trastuzumab Biosimilars Market Report 2022 – https://www.thebusinessresearchcompany.com/report/trastuzumab-biosimilar-global-market-report

The Trastuzumab Biosimilars Market Size In 2022 And Forecast

The global trastuzumab biosimilars market is expected to grow from $2.08 billion in 2021 to $2.64 billion in 2022 at a compound annual growth rate (CAGR) of 27.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The trastuzumab biosimilar market is expected to reach $6.90 billion in 2026 at a CAGR of 27.1%.

The trastuzumab biosimilar market consists of the sales of trastuzumab biosimilar and related services by entities (organizations, sole traders, and partnerships) that manufacture trastuzumab biosimilar.

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Rise In The Prevalence Of Breast And Gastric Cancer Is Driving The Growth Of The Trastuzumab Biosimilars Market

According to the World Health Organization (WHO), breast cancer affected 2.3 million women globally in 2020, with 685 000 fatalities. According to Cancer India, breast cancer is the most common cancer in women in India and accounts for 14% of the cancers in women. Therefore, the rising prevalence of breast and gastric cancer increases the demand for trastuzumab biosimilar that helps save money when compared to expensive medicines, thereby driving the market.

Competitive Landscape And The Regional Analysis Of The Trastuzumab Biosimilars Market

Major players in the trastuzumab biosimilars market are Amgen Inc., Pfizer Inc, Samsung Bioepis, Merck & Co., Biocon Limited, Mylan Inc., BioXpress Therapeutics, Celltrion, Teva Pharmaceutical Industries Ltd. and EirGenix, Inc.

Additionally, as per TBRC’s research – North America was the largest region in the trastuzumab biosimilars market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Trastuzumab Biosimilars Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the trastuzumab biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the trastuzumab biosimilars market.

Launching New Products In The Untapped Regions – A Key Trend In The Trastuzumab Biosimilars Market

Major players are continuously focusing on launching new products in the untapped regions, which is shaping the market for trastuzumab biosimilars. The companies operating in the trastuzumab biosimilars market are undergoing various strategic initiatives such as new product development, partnerships, and geographical and product portfolio expansion to maintain their competitive position in the market and better serve the needs of the customers.

Trastuzumab Biosimilars Market Segmentation By The Business Research Company

1) By Product: Ogivri, Herzuma, Ontruzant, Trazimera, Others

2) By Indication: Adjuvant Breast Cancer, Metastatic Breast Cancer, Metastatic Gastric Cancer, Others

3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy

Here Are Some Reports Related To The Trastuzumab Biosimilars Market –

Biosimilars Global Market Report 2022

Adalimumab, Infliximab And Etanercept Biosimilars Global Market Report 2022

Oncology Biosimilars Global Market Report 2022

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