In a recent research report by Market Research Community, the Biosimilar Market is expected to surpass USD 70.14 Billion by the year 2028, from USD 15.30 Billion in 2021.
Biosimilars are biologic medical products that are highly similar to and have no clinically meaningful differences from an already approved reference product. They are used to treat a range of conditions such as cancer, autoimmune diseases, and growth hormone deficiency. Biosimilars are becoming increasingly popular due to their lower cost compared to their reference products, which can help to increase patient access to these life-saving treatments.
is projected to grow at a significant pace reaching a CAGR of approximately 24.3%, over the forecast period of 2022–2030, despite a considerable fall in Type sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Himadri Chemicals & Industries Limited, Orion Engineered Carbons, Shandong Huadong Rubber Materials, Phillips Carbon Black Ltd, Birla Carbon, Jiangxi Black Cat Carbon Black Inc. Ltd., Cabot Corporation
is expected significantly over the next few years in meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Market Research Community is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain.
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