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 The leading web portal for pharmacy resources, news, education and careers November 22, 2017
Pharmacy Choice - Pharmaceutical News - Biosimilars Market Is Expected to Reach USD 58.40 Billion by 2022 - November 22, 2017

Pharmacy News Article

 2/16/17 - Biosimilars Market Is Expected to Reach USD 58.40 Billion by 2022

The biosimilars market offers many growth opportunities and driving factors as compared to the restraining factors. It is stated by various research scientists that development of biosimilars will drastically reduce the price of the pharmaceutical drugs.Chicago, IL (SBWIRE) 02/16/2017 The global biosimilars market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.

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Key findings of the report:
The rising demand and awareness towards the applications of biosimilars are considered as one of the major driving factors for the biosimilars market, during the forecast period.
The majority of the top market players are investing in the biosimilars market, creating strong growth opportunities for the market in the near future.

The biosimilars are considered as one of the most promising options for the treatment of various chronic diseases. The rising instances of various diseases such as cancer and cardiovascular diseases are also expected to drive the demand in the biosimilars market.

Oncology is the fastest growing market in the application segment
Oncology was the largest application segment of the biosimilars market in 2015. According to the report, oncology is expected to remain the fastest growing application segment, due to the rise in the aging population, the increased prevalence of cancer, and the rising number of patients with the hospital-acquired diseases.

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North America: Anticipated to dominate the biosimilars market
The North America region is expected to dominate the global biosimilars market based on the total market share, due to the rising demand for the biosimilars products. The Europe region is also considered to be the potential market for biosimilars, due to the impressive growth in the research and development activities in the region.

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The key players highlighted in the biosimilars market report include:
Biocon Ltd.
Cipla Ltd.
Hospira, Inc.
Sandoz Pharma
Stada Arzneimittel AG
Wockhardt Ltd.

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About Scalar Market Research
Scalar Market Research, Inc., a U.S.-based market research and consulting firm, assists organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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