Oncology 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 2025-2033
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 |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.9% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.9% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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