Healthcare Biosimilars Market Analysis and Demand with Foreca | Page 5

Biosimilars Market Analysis and Demand
with Forecast Overview to 2030
Rise in Demand of Biosimilars Due to Cost--effectiveness
Over the years, the rise in demand of biosimilars has played a vital role in contributing to
the growth of the global biosimilars industry. The high demand for biosimilars is attributed
to their greater effectiveness and lower cost than other alternatives. Several countries,
including Europe, North America, India, and other developing countries, have emerged
as essential contributors to global biosimilars industry.
Rising Incidence of Chronic Diseases to Fuel Market Growth
Changes in societal behavior and aging population have been contributing to the stable
increase in long-term health problems, and treating these problems incurs a lot of cost.
Rising incidence of chronic diseases have been pivotal in contributing the growing
adoption of biosimilars worldwide.
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