Biosimilars Market Size, Share, and Growth Analysis

Biosimilars Market

Biosimilars Market By Type (Monoclonal Antibodies, Insulin, Erythropoietin, and Growth Hormones), By Application (Oncology, Autoimmune Diseases, Diabetes, and Chronic Inflammatory Diseases), By End Use (Hospitals, Clinics, Homecare, and Research Institutions), By Region -Industry Forecast 2025-2032


Report ID: SQMIG35H2341 | Region: Global | Published Date: May, 2025
Pages: 193 |Tables: 106 |Figures: 76

Format - word format excel data power point presentation

Biosimilars Market Insights

Biosimilars Market size was valued at USD 27.9 billion in 2023 and is poised to grow from USD 31.3 billion in 2024 to USD 88.9 billion by 2032, growing at a CAGR of 14.1% during the forecast period (2025-2032).

Key Takeaways: Market Trends & Insights

  • North America dominated the biosimilars market with a largest market share in 2024.
  • The U.S. biosimilars market is expected to grow significantly over the forecast period.
  • By Indication, oncology segment held the largest biosimilars market share in 2024.
  • The homecare segment held the highest growing market over the forecast period.
  • North America: Largest Market in 2024
  • Europe: Fastest Growing Market
  • 2024 Market Size: USD 31.3 Billion
  • 2025 Projected Market Size: USD  35.72  Billion
  • 2032 Projected Market Size: USD 88.9 Billion
  • CAGR (2025-2032): 14.1%

The global biosimilars market growth is mainly driven by the patent loss of biologic drugs as more affordable versions of the drug come up. For example, patent expiration of popular biologics such as Humira (adalimumab), Remicade (infliximab), and Herceptin (trastuzumab) has triggered the lift-off of biosimilar approvals and launches globally. This is translated to huge cost savings for patients and healthcare systems, as these are normally priced 15-30% cheaper than their reference biologics. Lower cost promotes increased adoption levels, particularly in markets that could not afford biologics prior to the present.

One of the driving factors for biosimilars industry is support from regulatory agencies and streamlined approval procedures such as Biologics Price Competition and Innovation Act (BPCIA) and 351(k) Biologics License Application (BLA). As a response to increasing demand for affordable biologic substitutes, agencies such as the U.S. FDA, European Medicines Agency (EMA), and the WHO have created regulatory frameworks to make biosimilar approval quicker and more efficient.

For instance, the FDA's Biologics Price Competition and Innovation Act (BPCIA) offers biosimilars an abbreviated licensure pathway, lowering the cost of development and time-to-market. In the same vein, the EMA's customized guidelines enable them to skip some of the preclinical trials if they show equivalence to the reference biologics. This means, instead of conducting all standard preclinical tests from scratch, they only need to provide sufficient evidence that they match the reference biologic in terms of safety, efficacy, and quality.

This simplified regulatory process reduces barriers to entry for manufacturers, promotes competition, and speeds up biosimilar launches, further entrenching the global biosimilars market's growth path.

What Impact Does AI have on Biosimilar Approval Timelines and R&D costs?

AI is revolutionizing biosimilar development by enhancing biologic characterization, process optimization, and predictive analytics. Artificial intelligence-based machine learning models scrutinize intricate biologic structures, enhancing bio similarity evaluations and minimizing comparability study time. This results in accelerated biosimilar approval times and reduced R&D expenses, while promoting market competitiveness.

A January 2022 collaboration between Biogen and Insilico Medicine is a significant example. Global biotech giant Biogen has incorporated machine learning models and Insilico Medicine's AI-powered predictive analytics to speed up biologic characterization and automate the biosimilar development process. R&D costs fall by 50% and the time taken to receive regulatory approvals shortens when AI systems determine complex protein structures, optimize comparison studies and enhance manufacturing procedures. AI-based protein modeling platforms analyze molecular structures to predict the stability and efficacy of biosimilars, enabling more efficient manufacturing processes by reducing trial-and-error experiments and optimizing formulation development.

Moreover, AI enhances pharmacovigilance and regulatory compliance through automation of adverse event detection with the use of real-time analysis from electronic health records and social media. The regulatory authorities, such as the FDA and EMA, are implementing AI to monitor post-markets, and the biosimilars have to meet standards for safety and efficacy, enhancing confidence and adoption.

In January 2024, AION Labs, an Israeli firm that applies AI and machine learning to enhance drug discovery, launched a new firm named TenAces Biosciences. The new company is aimed at the discovery of molecular glues—small molecules that enable protein-protein interactions and enables therapeutic effects and facilitates the treatment for those diseases which were considered untreatable previously. With the application of ML, the company focuses on identifying those molecular glues which can help bind with E3 ubiquitin ligases systematically.

Biosimilars Market Insights

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Biosimilars Market Segments Analysis

The global biosimilars market is segmented by Drug Class, Indication, Distribution Channel and region. Based on Drug Class, the market is segmented into Monoclonal Antibodies, Granulocyte Colony-Stimulating Factor, Insulin, Erythropoietin, Recombinant Human Growth Hormone, Etanercept, Follitropin, Teriparatide, Interferons, Anticoagulants and Other Drug Classes. Based on Indication, the market is segmented into Oncology, Inflammatory & Autoimmune Diseases, Chronic Diseases, Blood Disorders, Growth Hormone Deficiency, Infectious Diseases and Other Indications. Based on Distribution Channel, the market is segmented into Online Pharmacies, Hospital Pharmacies and Retail Pharmacies. Based on region, the biosimilars market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Which Healthcare Setting Dominates the Biosimilars Market?

According to the global biosimilars market report, hospitals play a crucial role in the prescribing of complex biologic drugs, especially for chronic diseases such as diabetes, autoimmune disease, and cancer. Thus, the segment dominated the market. Cost savings and incorporation of biosimilars into treatment regimens are among the aspects driving hospital adoption.

Hospitals were responsible for more than 60% of the global biosimilar use, since most biosimilar therapies, such as monoclonal antibodies (such as Rituximab and Trastuzumab), must be given intravenously and under close supervision, which is optimally achieved in a hospital. Moreover, hospital control in this market is reinforced by government and commercial insurance policies that prefer biosimilars in hospital formularies because they are cheaper than original biologics.

Whereas, with patient requests for simplicity, remote monitoring, and self-administered biologics, the homecare category is expanding rapidly. In-home treatments for chronic diseases such as diabetes and autoimmune diseases are being selected by patients as telemedicine and wearable injectors increase in popularity. Self-injected monoclonal antibody therapy and insulin pens, for instance, are increasing and lowering hospitalization rates.

How are Biosimilars Revolutionizing Cancer Treatment in Oncology?

Oncology is the largest segment of Biosimilars market since biosimilars are available at a lower cost than innovative biologics and there are vast numbers of cancer patients. Prices have been reduced, and cancer treatment has been made affordable and accessible with the introduction of them in the oncology market. Additionally, since cancer exhibits high incidence and prevalence globally, the health care systems across the world are making cutting the burden of cancer through use of cost-effective therapeutic regimens a top priority.

According to the International Agency for Research on Cancer (IARC) estimates, by the year 2040, the cancer burden is anticipated to rise to 27.5 million new cases of cancer and 16.3 million cancer-related deaths worldwide. Growing numbers of cancer cases are poised to drive demand for advanced cancer drugs for treating patients successfully.

However, diabetes is an emerging field of application which is increasingly common in aging, ill diets, and unhealthy living patterns. Continuous glucose monitoring systems (CGMSs) and smart insulin pens are transforming the field of diabetes. For maximizing patient improvement and minimizing risk from diabetes-related complications, the digital insulin pen offered by Eli Lilly, for instance, synchronizes with CGMSs in real-time glucose displays.

Global Biosimilars Market By Indication (%)
Biosimilars Market Segments Analysis

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Biosimilars Market Regional Insights

North America continues to lead the global biosimilars market share, driven by a robust regulatory framework, significant R&D investments, and a surge in biosimilar approvals. In 2024, the U.S. Food and Drug Administration (FDA) approved 18 new biosimilars, reflecting the region's dynamic landscape for biosimilar therapies. The market is further bolstered by strategic shifts from major pharmacy benefit managers (PBMs) like UnitedHealth and CVS Health, which are increasingly favoring cost-effective biosimilars over branded biologics. This transition is expected to enhance patient access and drive substantial healthcare savings.

U.S. Biosimilars Market

The U.S. biosimilars market is experiencing unprecedented growth, underpinned by regulatory support and market dynamics. In 2024, the FDA approved 19 biosimilars, including first-time approvals for drugs like Prolia and Xgeva (denosumab), and Eylea (aflibercept). Major PBMs, such as UnitedHealth and CVS Health, have announced plans to replace high-cost biologics like Humira with more affordable biosimilars in their formularies starting in 2025. These strategic moves are anticipated to significantly increase biosimilar adoption, reduce healthcare expenditures, and improve patient access to essential therapies.

Canada Biosimilars Market

Biosimilars market in Canada is advancing steadily, supported by Health Canada's proactive regulatory stance. As of March 2024, Health Canada had approved 59 biosimilars, reflecting the country's commitment to expanding treatment options. Provincial policies promoting biosimilar substitution have further accelerated market penetration. The combination of regulatory support and policy initiatives positions Canada as a significant player in the North American biosimilars landscape.

Why Europe is the fastest-growing region for Biosimilars?

Europe is emerging as the fastest-growing region in the biosimilars market, propelled by favorable regulatory frameworks, increasing biosimilar adoption, and a strong presence of key market players. The European Medicines Agency's (EMA) streamlined approval processes have facilitated the entry of numerous biosimilars, enhancing competition and driving down healthcare costs. The region's commitment to biosimilar integration is evident in its robust market growth projections.

Germany Biosimilars Market

Germany stands at the forefront of Europe's biosimilars market, characterized by high adoption rates and supportive healthcare policies. In January 2024, Sandoz launched Tyruko® (natalizumab), the first biosimilar approved for treating relapsing-remitting multiple sclerosis (RRMS), marking a significant milestone in the country's biosimilar landscape. Germany's emphasis on cost-effective therapies and its well-established healthcare infrastructure continue to foster biosimilar growth.

France Biosimilars Market

France's biosimilars market is gaining momentum, driven by governmental initiatives and increasing healthcare provider acceptance. The French National Agency for Medicines and Health Products Safety (ANSM) has implemented policies encouraging biosimilar use, resulting in higher prescription rates. Collaborations between domestic pharmaceutical companies and international biosimilar manufacturers are further enhancing market expansion.

UK Biosimilars Market

The United Kingdom (UK) is witnessing a significant uptick in biosimilar adoption, supported by the National Health Service's (NHS) cost-containment strategies. The NHS has actively promoted biosimilar integration to achieve substantial savings, leading to increased utilization across various therapeutic areas. The UK's proactive approach and commitment to biosimilar education among healthcare professionals are key drivers of market growth.

How is Asia Pacific Maintaining its Dominance in Biosimilars Industry?

The Asia Pacific region is poised for remarkable growth in the biosimilars market, fueled by rising healthcare expenditures, increasing prevalence of chronic diseases, and supportive government policies. Countries like Japan and South Korea are leading the charge, leveraging their advanced technological capabilities and robust pharmaceutical industries to capitalize on biosimilar opportunities.

Japan Biosimilars Market

Japan's biosimilars market size is expanding steadily, underpinned by the Ministry of Health, Labour and Welfare's (MHLW) initiatives to promote biosimilar use. The country's aging population and escalating healthcare costs have necessitated the adoption of cost-effective alternatives, positioning biosimilars as a viable solution. Collaborations between Japanese pharmaceutical firms and global biosimilar manufacturers are further propelling market growth.

South Korea Biosimilars Market

South Korea has established itself as a global hub for biosimilar development and manufacturing. Companies like Samsung Biologics and Celltrion are at the forefront, with Samsung Biologics operating multiple large-scale manufacturing facilities and engaging in partnerships with international pharmaceutical giants. The government's support through favorable policies and investment in biopharmaceutical infrastructure has been instrumental in the country's biosimilar market expansion.

India Biosimilars Market

The governments and healthcare systems are saving costs while advocating for biosimilar uptake with their reimbursement policies and substitution frameworks. For instance, finance minister of India, Nirmala Sitharaman, on 1 February 2025, widened the list of life-saving medicines exempted from Basic Customs Duty (BCD) to add advanced medicines for cancer, orphan diseases, and immune disorders with an aim to reducing the burden on patients and widening the availability of critical drugs Thus, boosting the biosimilars market growth at an accelerated pace.

Global Biosimilars Market By Geography
Biosimilars Market Regional Insights

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Biosimilars Market Dynamics

Biosimilars Market Drivers

Rising Prevalence of Chronic Diseases

  • The growing prevalence of chronic diseases like cancer, diabetes, and autoimmune diseases is propelling the need for cheap biologic treatments. Biosimilars ensure cheaper substitutes to pricey biologics, enhancing patients' access to life-sustaining medicines. This surging demand for long-term therapeutic solutions continues to boost the biosimilar market.
  • For instance, the FDA approved Merilog (insulin aspart-szjj) in February 2025 as the first biosimilar of insulin aspart, with the view to providing additional treatment options to diabetic patients. In the field of psoriasis and psoriatic arthritis, several ustekinumab biosimilars have been approved across regions. Such approvals enhance treatment options access among patients with psoriasis plaque and psoriatic arthritis.

Rising Demand for Cost-Effective Biologics

  • With rising healthcare expenditures, the need for affordable substitutes to branded biologics is increasing. Biosimilars provide substantial savings to healthcare systems, rendering costly treatments more accessible. When doctors become more aware of them and hospitals start using them more frequently, it helps increase their adoption in the healthcare system. As a result, they become more available and accessible to patients worldwide.
  • This is especially important in treating cancer (oncology), immune system disorders (immunology), and long-term illnesses (chronic diseases). Since biosimilars are more affordable alternatives to expensive biologic drugs, their wider acceptance helps in expanding treatment options and making critical medications more affordable and accessible to more patients.

Biosimilars Market Restraints

Complex and Stringent Regulatory Approval Processes

  • Biosimilars undergo rigorous regulatory evaluations to prove similarity in safety, efficacy, and quality with reference biologics. The diverse approval requirements in different countries introduce delays and enhance compliance expenses. The intricate regulatory environment presents a challenge to biosimilar manufacturers, hindering product launches and limiting market reach.

Strong Market Dominance of Biologic Innovators

  • Established pharmaceutical companies with patented biologics have significant market control, making it difficult for biosimilars to gain traction. These companies use aggressive pricing strategies, legal patents, and brand loyalty to keep dominating. Patent litigation and exclusivity extensions further postpone biosimilar entry, constraining competition and retarding the global biosimilars market growth.

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Biosimilars Market Competitive Landscape

Biosimilars market is highly competitive globally, with major pharmaceutical and biotech companies actively expanding their portfolios. The leading biosimilar companies invest in R&D, strategic alliances, and regulatory clearance to capture market share. Some of the notable contributors include Pfizer, Novartis (Sandoz), Amgen, Biocon Biologics, Samsung Bioepis, and Celltrion. These players use cutting-edge manufacturing, biosimilar interchangeability strategies, and competitive pricing to battle in the market. Some of the upcoming players such as Alvotech, Coherus BioSciences, and Polpharma Biologics are also emerging, making a difference through innovation and affordability. As biosimilar adoption increases, competition intensifies, fostering market growth and affordability of biologic treatments globally.

Top Player’s Company Profiles in Biosimilars Market

  • Sandoz
  • Biocon Biologics
  • Celltrion Healthcare
  • Amgen Inc.
  • Pfizer Inc.
  • Samsung Biologics
  • Viatris
  • Teva Pharmaceutical Industries
  • Fresenius Kabi
  • Coherus BioSciences
  • Alvotech
  • STADA Arzneimittel AG
  • Reliance Life Sciences
  • Dr. Reddy’s Laboratories
  • Novartis AG
  • Formycon AG
  • Intas Pharmaceuticals
  • BIOCAD
  • mAbxience
  • Apotex Inc

Recent Developments in Biosimilars Market

  • In December 2024, Biocon Biologics received U.S. FDA approval for Yesintek (ustekinumab-kfce), a biosimilar for chronic inflammatory conditions like plaque psoriasis and Crohn's disease. The approval strengthens Biocon's presence in the U.S. market, providing an affordable option to branded biologics, and solidifying the company's position in making global biosimilar accessibility and affordability.
  • In October 2024, Accord Healthcare had the European Medicines Agency (EMA) approve its biosimilar Imuldosa (ustekinumab-srlf). This biosimilar is indicated for the treatment of chronic inflammatory diseases, such as plaque psoriasis and Crohn's disease. The approval reinforces Accord Healthcare's position in the Europe biosimilars market, driving competition and broadening treatment access for patients.
  • In September 2024, Fresenius Kabi gained EMA approval for Otulfi (ustekinumab-aauz), a biosimilar of plaque psoriasis, psoriatic arthritis, and Crohn's disease. The milestone enhances the company's biosimilar portfolio in Europe, enhancing competition and affordability of critical biologic therapies, favoring patients suffering from autoimmune and inflammatory diseases.

Biosimilars Key Market Trends

Biosimilars Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research. 

As per SkyQuest analysis, the global biosimilars market research is highlighting its revolutionary transformation, fueled by patent expiration, regulatory encouragement, AI innovation, and the emergence of innovative startups. As biosimilars become increasingly accepted around the world, they offer affordable substitutes for costly biologics, driving greater accessibility for patients and minimizing healthcare costs. AI-driven drug development and biomanufacturing improvements are streamlining approvals, reducing R&D expense, and improving biosimilar quality.

In addition, startups are also leading the way in market growth, bringing new technologies and promoting competitive product development. In the future, next-generation biologics and personalized medicine will drive biosimilar development, creating long-term sustainability. With continuous innovation and wider uptake, biosimilars will transform healthcare worldwide by providing affordability, innovation, and better patient outcomes.

Report Metric Details
Market size value in 2023 USD 27.9 billion
Market size value in 2032 USD 88.9 billion
Growth Rate 14.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Drug Class
    • Monoclonal Antibodies
    • Granulocyte Colony-Stimulating Factor
    • Insulin
    • Erythropoietin
    • Recombinant Human Growth Hormone
    • Etanercept
    • Follitropin
    • Teriparatide
    • Interferons
    • Anticoagulants
    • Other Drug Classes
  • Indication
    • Oncology
    • Inflammatory & Autoimmune Diseases
    • Chronic Diseases
    • Blood Disorders
    • Growth Hormone Deficiency
    • Infectious Diseases
    • Other Indications
  • Distribution Channel
    • Online Pharmacies
    • Hospital Pharmacies
    • Retail Pharmacies
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Sandoz
  • Biocon Biologics
  • Celltrion Healthcare
  • Amgen Inc.
  • Pfizer Inc.
  • Samsung Biologics
  • Viatris
  • Teva Pharmaceutical Industries
  • Fresenius Kabi
  • Coherus BioSciences
  • Alvotech
  • STADA Arzneimittel AG
  • Reliance Life Sciences
  • Dr. Reddy’s Laboratories
  • Novartis AG
  • Formycon AG
  • Intas Pharmaceuticals
  • BIOCAD
  • mAbxience
  • Apotex Inc
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Biosimilars Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Biosimilars Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Biosimilars Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biosimilars Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biosimilars Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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FAQs

Biosimilars Market size was valued at USD 27.9 billion in 2023 and is poised to grow from USD 31.3 billion in 2024 to USD 88.9 billion by 2032, growing at a CAGR of 14.1% during the forecast period (2025-2032).

Sandoz, Biocon Biologics, Celltrion Healthcare, Amgen Inc., Pfizer Inc., Samsung Biologics, Viatris, Teva Pharmaceutical Industries, Fresenius Kabi, Coherus BioSciences, Alvotech, STADA Arzneimittel AG, Reliance Life Sciences, Dr. Reddy’s Laboratories, Novartis AG, Formycon AG, Intas Pharmaceuticals, BIOCAD, mAbxience, Apotex Inc

Rising chronic diseases and healthcare costs drive biosimilar demand as affordable biologic alternatives, improving global access to critical treatments.

Simplified regulations, AI-driven production, and global adoption trends are accelerating biosimilar access, affordability, and long-term market growth.

North America leads the biosimilars market due to strong regulations, R&D, rising FDA approvals, and PBMs favoring cost-effective alternatives to branded biologics.

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