IGR Biosimilar Market | Page 4

Make an Enquiry:- https://www.infiniumglobalresearch.com/Reports/MakeEnquiryRequest/17 Segments Covered: The report segments the global biosimilar market by product, application and region. On the basis of product, the market is segmented as human growth hormones, monoclonal antibodies, insulin, peptides, erythropoietin and others. Based on application, the market is segmented as oncology, chronic and autoimmune diseases, growth hormone deficiency, infectious diseases and others. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. With the maximum number of approved biosimilars, European market is the major biosimilar market in the world. Countries such as France, Germany, Italy and United Kingdom drive the growth of the European biosimilar market with high demand for low cost alternatives for biologics medicines. Expiry of patents for certain biologics medicines and presence of good regulatory frameworks set up by European Medical Association are expected to aid the growth of the European biosimilar market, during the forecast period. Asia-Pacific region has significant biosimilars in use due to the relaxed regulations in various countries. Due to the presence of large population and need for low cost alternative medicines for various diseases in countries such as China, India, South Korea and others drive the growth of biosimilar market in Asia-Pacific. As the rate of approvals for biosimilars are increasing at a faster pace in the U.S., the North- American region is expected to become the fastest growing biosimilar market during the forecast period. The pharmaceutical companies in the North American region are expected to make use of the research and development initiatives related to biosimilars and expiring biologics patents for increasing the production of Infinium Global Research