Healthcare Biosimilars Market Analysis and Demand with Foreca | Page 4

Biosimilars Market Analysis and Demand
with Forecast Overview to 2030
Market Industry Reports (MIR) has published a new report titled “Biosimilars
Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–
2030.” According to the report, the global Biosimilars market was estimated to be
over US$ 4,500 Mn in 2018. It is anticipated to grow at a double digit CAGR from
2019 to 2030.
The growth of the biosimilars market can be attributed to factors such as the
increasing demand for biosimilar drugs due to their cost-effectiveness and rising
incidence of chronic diseases, which have led to wide-scale adoption of these
products worldwide. To obtain better insights regarding the market scenario,
prominent players are increasingly focusing on collaborative initiatives with several
institutes and research centers. For instance, PlantForm Corporationhas signed an
agreement with the University of Guelph Canada to enhance research studies in the
field of biosimilars and develop new ones.
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@ https://www.marketindustryreports.com/pdf/67