Global Oncology Biosimilars Market 2018-2026: Market Share, Applications, Growth Trends, Key Players, Competitive Strategies and Forecasts - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Oncology Biosimilars Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global oncology biosimilars market was valued at US$ 1,651.5 Mn in 2017, expanding at a CAGR of 28.3% from 2018 to 2026.
The number of biosimilar approvals soared in the United States as five of nine approved biosimilars across different disease conditions received U.S. FDA approval. Furthermore, U.S. witnessed the approvals of oncology biosimilars such as Amgen's Mvasi (bevacizumab-awwb), a biosimilar to Genentech's Avastin for the treatment of lung, colorectal, kidney, brain and cervical cancers; and Mylan's Ogivri (trastuzumab-dkst), a biosimilar to Herceptin for treating breast cancer, gastric cancer, and gastrointestinal cancer.
In terms of drug class, the granulocyte colony-stimulating factor (G-CSF) held the largest share in the oncology biosimilars market owing to its early approvals in Europe and U.S. However, monoclonal antibodies class expected to grow at a highest growth rate and emerge as the largest market in 2026 due to recent approvals of Mvasi (bevacizumab-awwb) and Ogivri (trastuzumab-dkst) in the United States. Moreover, robust pipeline and patent expiration of major biologics during the forecast period would further assist the market growth of monoclonal antibodies. In terms of disease condition, neutropenia led the market due to approvals of filgrastim and Peg-filgrastim to multiple pharmaceutical companies in Europe and Asia Pacific. However, breast cancer is projected to proliferate at a humungous rate due to high prevalence of breast cancer globally and recent approval of trastuzumab in Europe and North America.
Europe dominated the global oncology biosimilars market in 2017 due to presence of approved oncology biosimilar such as filgrastim, trastuzumab and rituximab in the region. Moreover, the European Medicines Agency (EMA) have put forth guidelines for the approval of biosimilars through regulatory bodies such as European Society of Medical Oncology (ESMO).
North America is anticipated to exhibit rapid growth in oncology biosimilars market due to market entry of breakthrough oncology biosimilars and vigorous pipeline expected to hit the market during the forecast period.
The prominent players actively engaged in the oncology biosimilars market are Samsung Bioepis, Celltrion Inc., Biocon, Dr. Reddy's Laboratories Ltd., Intas Pharmaceuticals Ltd., STADA Arzneimittel AG, Pfizer Inc., Sandoz Inc., Teva Pharmaceutical Industries Ltd., Apotex Inc., and BIOCAD.
Robust pipeline and ongoing clinical trials in U.S. and Europe are driving the oncology biosimilars market. For instance, Pfizer has six biosimilars in phase III of clinical trials, testing for drugs such as Rituxan/MabThera, Herceptin, Avastin and Humira
Key Market Movements:Rising prevalence of cancer worldwide Recent FDA approved biosimilars contributing towards the growth of oncology biosimilars market Patent expirations of major biologics leading to inclination of generic pharmaceutical companies to venture in biosimilars Partnerships and collaboration between biopharmaceutical companies to increase research and development of biosimilars Robust pipeline of oncology biosimilars anticipated to enter the market by 2020 will also assist market growth
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Oncology Biosimilars: Market Dynamics and Outlook
Chapter 4. Global Oncology Biosimilars Market, by Drug Class, 2016-2026 (US$ Mn)
Chapter 5. Global Oncology Biosimilars Market, by Disease Condition, 2016-2026 (US$ Mn)
Chapter 6. Global Oncology Biosimilars Market, by Geography, 2016 - 2026 (US$ Mn)
Chapter 7. Company ProfilesAmgen, Inc. Mylan N.V. Samsung Bioepis Co. Ltd. Teva Pharmaceutical Industries Ltd. Pfizer, Inc. Celltrion Healthcare Novartis International AG Biocon Limited Biogen Idec Sandoz Dr. Reddy's Laboratory Merck & Co. Shanghai Henlius Biotech, Inc. Biocad
For more information about this report visit https://www.researchandmarkets.com/research/pz8xvz/global_oncology?w=4
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Related Topics:Biosimilars and Biosuperiors
INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY ONCOLOGY
SOURCE: Research and Markets
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PUB: 08/31/2018 06:21 AM/DISC: 08/31/2018 06:21 AM