openPR Logo
Press release

ASEAN and China Biosimilars Market Projected to Expand at a 29.7% CAGR By 2025

02-07-2020 01:51 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
ASEAN and China Biosimilars Market

ASEAN and China Biosimilars Market

The ASEAN and China biosimilars market was valued at $687.6 million in 2017 and is expected to reach $5,506.2 million by 2025 with a CAGR of 29.7% during the forecast period. Biosimilars are replicas of biologic drugs that are approved by the concerned regulatory authorities for use in the treatment of several medical indications.

Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/5080

According to the U.S. law, a biosimilar is approved based on its similarity to the FDA-approved biological product, also known as the reference product. Biosimilars have gained immense traction over the years as they are anticipated to offer immense savings to healthcare systems along with increased access to the advanced treatments. The principles behind development of biosimilars are same and regulations for biosimilars play a vital role in maintaining the viability and balance between original and biosimilar products. However, stringency of these regulations is expected to create hurdles in the growth of the biosimilar industry. In addition, rise in prevalence of chronic diseases such as cancer and diabetes, has fueled the demand for pharmaceutical drugs, especially the high-priced patented drugs.

In such cases, the cost of reference biologics exceeds the healthcare expenditure. This increased cost of drugs triggered the need for biosimilar products that provide similar efficacy and quality at low cost. The ASEAN and China biosimilars market is segmented based on molecule type, application, and region. Based on molecule type, monoclonal antibodies segment has dominated the market from 2017 to 2025. Whereas, the human growth hormone molecule segment registered the highest CAGR during 2018-2025 in the ASEAN and China biosimilars market. Upsurge in unmet needs for cancers has propelled global pharmaceutical giants to invest in the development of monoclonal antibody biosimilars and increase their accessibility across the ASEAN countries and China.

Key Findings of the ASEAN and China Biosimilars Market:
o Indonesia generated the highest revenue in the ASEAN biosimilars market in 2017 and is expected to remain dominant throughout the forecast period.
o Based on molecule type, the erythropoietin segment accounted for the second highest share in the ASEAN and China biosimilars market in 2017 and is expected to maintain this trend throughout the forecast period.
o Based on application, the blood disorders segment is estimated to rank second in terms of revenue in both, the ASEAN, and the China biosimilars market throughout the analysis period.
o The diabetes segment generated the highest CAGR from 2018 to 2025 in the ASEAN and China biosimilars market.

Access full Report: https://www.alliedmarketresearch.com/asean-and-china-biosimilars-market

Based on application, the oncology diseases segment generated the highest revenue in 2017 and is anticipated to maintain this trend throughout the forecast period. In addition, the chronic and autoimmune diseases segment is anticipated to grow at the fastest pace from 2018 to 2025 in the market. The demand for biosimilars in the treatment of oncological indications has witnessed considerable increase in recent years. This is attributed to the escalating cost of cancer care that imposes significant burden on the healthcare systems across the ASEAN countries and China.

The major companies profiled in the report include 3SBIO Inc., Qilu Pharmaceutical, Novartis International AG (Sandoz International GmBH), Pfizer Inc. (Hospira), STADA Arzneimittel, Beijing SL Pharmaceutical Co., Ltd., Fosun Pharmaceutical (Shanghai Fosun Pharmaceutical Co., Ltd.), Amgen Inc., AstraZeneca Plc, and Teva Pharmaceutical Industries Ltd.

Related Reports:
Asia Pacific Nuclear Medicine/Radiopharmaceuticals & Stable Isotopes Market
https://www.alliedmarketresearch.com/asia-pacific-nuclear-medicine-radiopharmaceuticals-and-stable-isotopes-market

Asia Pacific Autoimmune Disorders Treatment Market
https://www.alliedmarketresearch.com/asia-pacific-autoimmune-disorders-treatment-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ASEAN and China Biosimilars Market Projected to Expand at a 29.7% CAGR By 2025 here

News-ID: 1923660 • Views: โ€ฆ

More Releases from Allied Market Research

Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
๐๐š๐ง๐จ๐ฌ๐š๐ญ๐ž๐ฅ๐ฅ๐ข๐ญ๐ž ๐š๐ง๐ ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐š๐ญ๐ž๐ฅ๐ฅ๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ by End User (Civil, Government, Commercial, and Military), Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global nanosatellite and microsatellite industry was accounted for $2.23 billion in 2020, and is expected to reach $8.69 billion by 2030, growing at a CAGR of 14.9%โ€ฆ
Anti-Drone Market is experiencing significant growth and is anticipated to attain a CAGR of 27.9% by the year 2031
Anti-Drone Market is experiencing significant growth and is anticipated to attai โ€ฆ
๐€๐ง๐ญ๐ข-๐ƒ๐ซ๐จ๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ by Technology (Electronic System, Laser System, Kinetic System), by Application (Detection, Disruption), by End Use (Government, Military & Defense, Commercial), by Platform (Ground, Handheld, UAV Based): Global Opportunity Analysis and Industry Forecast, 2021- 2031". According to the report, the global anti-drone industry generated $1.3 billion in 2021 and is anticipated to generate $14.6 billion by 2031, witnessing a CAGR of 27.9% from 2022 to 2031. ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ:โ€ฆ
Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R โ€ฆ
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in termsโ€ฆ
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of โ€ฆ
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand forโ€ฆ

All 5 Releases


More Releases for ASEAN

ASEAN Automotive Insurance market
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth atโ€ฆ
ASEAN Automotive Insurance market |Indonesia Malaysia Philippines
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth atโ€ฆ
A Call to Brighten ASEAN through Renewable Energy
Powering ASEANโ€™s Bright Future through the 5th ASEAN Youth Video contest on Renewable Energy Jakarta, 25 January 2019 โ€“ This week, the ASEAN Foundation launched the 5th ASEAN Youth Video Contest (AYVC) with the theme โ€œRenewable Energy: Powering ASEANโ€™s Bright Futureโ€. The deadline for application is due by 19 February 2019. Similar to the previous years, the 5th ASEAN Youth Video Contest is endorsed by the ASEAN Senior Officials Meetingโ€ฆ
ASEAN Confectionery Market Expecting Worldwide Growth by 2020
ASEAN Confectionery Market Overview Items in confectionery market consists of candies, chocolates, toffees, lollies, bakery items;basically food items that are rich in sugar and sweet content. Mostly confectionery market items consists of food products like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup and more. They are consumed globally, mostly by all regions and countries and are expected to grow in developing countries. Confectionery market is growing in mostlyโ€ฆ
Consilium Advances Cisco Contact Center Capability in ASEAN
Consilium to support local partners and clients to accelerate Customer Collaboration Solutions towards Cisco Connected Digital Experience Goal Singapore, Indonesia, Malaysia and the Philippines, October 5th, 2017: Consilium Software Inc, a Cisco Preferred Solution Partner, today announced that it has strengthened its market position in South East Asia (ASEAN) by achieving the designation of Cisco Systemsโ€™ Authorized Technology Provider, Unified Contact Center Enterprise (ATP โ€“ UCCE) for enterprise-grade contact center solutionsโ€ฆ
The 5th ASEAN Energy Outlook: ASEAN is on Track to Reach Their Energy Intensity โ€ฆ
Manila, 28 September 2017 โ€“ During the press conference for the 35th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings today, ASEAN Centre for Energy (ACE) announced the launch of the 5th ASEAN Energy Outlook (AEO5). The Philippine Secretary of Energy, Alfonso G. Cusi, stated, โ€œThe Outlook provides us with pathway to address our long-term goals of achieving energy security, accessibility and affordability within the framework of sustainable development,โ€ฆ