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Biosimilars Market is Projected to Surpass USD 102.69 Billion by 2030, Growing at CAGR 14%- Report by IMR

Global Biosimilars Market Size Was Valued at USD 36 Billion in 2022, and is Projected to Reach USD 102.69 Billion by 2030, Growing at a CAGR of 14% From 2023-2030.

The biosimilars market involves the development, manufacturing, and commercialization of biologic products that are highly similar to existing approved biologic drugs, known as reference or originator biologics. Biosimilars are produced using living organisms and complex manufacturing processes, similar to their reference products, and are intended to have comparable efficacy, safety, and quality profiles. They offer cost-effective alternatives to originator biologics once their patents expire, providing increased access to essential treatments for various medical conditions such as cancer, autoimmune diseases, diabetes, and infectious diseases.

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8 months ago

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