Global Biosimilars Monoclonal Antibodies Market Set To Grow To $5.9bn By 2023

LONDON - March 8, 2018 - PRLog -- Visiongain' has launched a new pharma report Global Biosimilar Monoclonal Antibodies Forecast 2018-2028: Biosimilar Versions of Infliximab, Rituximab, Trastuzumab, Adalimumab, Bevacizumab and Abciximab

Biosimilar monoclonal antibodies (mAbs) form an emerging sector in pharmaceuticals. As patents for some of the industry's top-selling biological drugs (biologics) expire, companies have chosen to invest in the development of biosimilars. The result is an R&D pipeline holding at least 86 biosimilar mAb candidates. Emerging markets with less stringent regulatory processes, such as India and Russia, dominated shares of the market in 2017. However, in addition to China, the more developed markets of the US and the EU5 will increase their market shares throughout the forecast period as patents expire on the originator products.

The lead analyst of the report commented "The biosimilar mAbs market will face challenges posed by competition from biobetters and a lack of confidence of some clinicians in biosimilar interchangeability. However, these challenges will be overcome owing to the high demand worldwide for affordable biological drugs, especially therapeutic monoclonal antibodies. Visiongain expects governmental policy to increase preferences for the use of biosimilars mAbs over branded ones as healthcare budgets become increasingly strained. Biosimilar mAbs will therefore have an important, rising role to play in healthcare systems from 2016 to 2028."

Leading companies featured in the report include BIOCAD, Biocon, BioXpress, Celltrion, Coherus Biosciences, Gene Techno Science, Genor Biopharma, Harvest Moon, Hospira, Mabion, Pfizer, Samsung Bioepsis

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

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