SOURCE: MarketResearch.com

MarketResearch.com

May 05, 2011 10:08 ET

Biosimilar Market to Reach $3.7 Billion by 2015

ROCKVILLE, MD--(Marketwire - May 5, 2011) - MarketResearch.com has announced the addition of Datamonitor's new report "Pharmaceutical Key Trends 2011 - Biosimilar Market Overview," to their collection of Pharmaceuticals market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6280893

Due to their complexity, cost, and development risks, biosimilar production and commercialization in developed markets is concentrated among only a handful of pharma companies, all of which are established generics players.

Despite the introduction of approval pathways in the US, EU, and Japan, the growing use of biologics, and the need for more cost-effective treatments, all of which help drive biosimilar uptake, there remain a large number of barriers to uptake.

There are relatively few factors which limit the growth of the biosimilar industry in the developing markets, although the introduction of biosimilar pathways will restrict market access to many domestic biosimilar players, while low purchasing power and a high proportion of out-of-pocket expenditure, coupled with brand loyalty, limit access.

In 2009, the combined biosimilars market size for the US and five major European markets was $150m. With more than 30 branded biologics with sales of $51bn set to lose patent exclusivity between 2011 and 2015, Datamonitor forecasts that the global biosimilar market will grow from $243m in 2010 to $3.7bn in 2015.

This report enables market players to:

  • Evaluate the evolving regulatory environment in the US, EU and Japan, and how this impacts biosimilar market access and uptake.
  • Gain insight into the deal types among branded, generic and biosimilars players to either enter or bolster their position in the biosimilars market.
  • Identify which branded biologics are facing patent expiry and provide significant opportunities for biosimilar developers.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6280893

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