1. What is the projected Compound Annual Growth Rate (CAGR) of the Oncology Biosimilars Market?
The projected CAGR is approximately 7.9%.
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Oncology Biosimilars MarketOncology Biosimilars Market by Drug Class (mAb, G-CSF, Hematopoietic Agents, Others), by Type of Cancer (Lung Cancer, Breast Cancer, Prostate Cancer, Stomach Cancer, Cervical Cancer, Blood Cancer, Brain Cancer, Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
The global oncology biosimilars market is anticipated to reach USD 41.1 billion by 2027, expanding at a CAGR of 7.9% from 2022 to 2027. Oncology Biosimilars are defined as bio similar medical products that have relative similarity to the reference biologic medical product used for cancer treatment. They are meant to deliver natural therapeutic value, safety, and quality as reference biosimilars allowing patients to benefit in the same way. They involve the use of oncology biosimilars in addressing diverse cancer types, including breast, colorectal, and lymphoma by mimicking the action of the reference biosimilar. Oncology biosimilars can be classified broadly into categories which include monoclonal antibody, growth factors and receptor modulators. These biosimilars may also be comprised of protein structures that are similar to the structures of the long-established biologics. The advantages of oncology biosimilars are cost savings which leads to access to and adoption of more expensive products; stimulus for competition; and promoting innovation. Current market dynamics indicate a rising level of acceptance and usage of oncology biosimilar stemming from expiry of patents on the first biologics and favorable regulations.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7.9% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 7.9%.
Key companies in the market include Some of the major companies that are present in the global oncology biosimilars market are Sandoz International GmbH, Celltrion Inc., Pfizer Inc., Amgen Inc., Samsung Bioepis, Biogen International, Merck & Co., Inc., Coherus Biosciences and other players..
The market segments include Drug Class, Type of Cancer, Distribution Channel.
The market size is estimated to be USD XX USD billion as of 2022.
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The market size is provided in terms of value, measured in USD billion.
Yes, the market keyword associated with the report is "Oncology Biosimilars Market," which aids in identifying and referencing the specific market segment covered.
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