Oncology Biosimilars Market is estimated to be US$ 10.9 Billion by 2034 with a CAGR of 10.3% during the forecast period

Biosimilar drugs are made from natural source. Biologics are highly expensive, and thus biosimilars came in market which are affordable, safe, low cost and effective in medical treatment. Some biosimilar drugs are approved by FDA in treatment of cancer. Biosimilars are not generic drugs but very similar to originator biologic agents. Biosimilars are used in treating Crohn’s disease, diabetes, cancer, psoriasis, rheumatoid arthritis, colitis and others. Biosimilars has become important in cancer treatment because of its low cost, effectiveness, helps in expanding patient access to critical medicines. Biosimilars are better than biologics because they had become potential in enhancing treatment accessibility. Manufacturers are involved in making biosimilars due to its lower price. Rise in prevalence of cancer diseases has given rise in use of biosimilar drugs in treatment of cancer. Biosimilars helps in providing additional treatment options, create marketing competition by lowering cost of treatment and also helps to enable greater accessing to biological therapies for more patients. Oncology Biosimilars has become important in treating various types of cancer diseases. Oncology Biosimilars are safe, effective, and affordable in treatment of cancer. As cancer treatment are high of cost, biosimilars has become an important medication in treating cancer due to its low cost. Darbepoetin alfa which is a long-acting form of erythropoietin and epoetin alfa (erythropoietin) are most common hematopoietic agent. G-CSF (granulocyte-colony stimulating factor), is used in treating patients who have certain types of cancer. G-CSF (granulocyte-colony stimulating factor), is a blood growth factor which helps in stimulating bone marrow for producing more infection fighting neutrophils (white blood cells).  Rise in urban population has given rise in cancer diseases due to unhealthy lifestyle, consumption of alcohol, processed food, and lack of exercise. However, rising prevalence of various types of cancer diseases and rapid growth in urban population has given positive impact on Oncology Biosimilars market growth.Oncology Biosimilars Market  was valued at US$ 4.5 Billion in 2024 and is projected to grow at a CAGR of 10.3% to reach US$ 10.9 Billion by 2034.

 The report “Oncology Biosimilars Market, By Cancer Type (Lung Cancer, Blood Cancer, Breast Cancer, Cervical Cancer, and Others), By Drug Class (Hematopoietic Agents, G-CSF (granulocyte-colony stimulating factor), mAb (monoclonal antibodies) and Others), By Distribution Channel (Hospitals, Online Pharmacy, Retail Pharmacy, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In May 2022, Biocon Biologics and Viatris has launched third oncology biosimilar ‘Abevmy’ in Canada. Newly launched ‘Abevmy’ is a recombinant humanized mAb (monoclonal antibody) that binds selectively to human VEGF (vascular endothelial growth factor) & neutralize its biologic activity, it also inhibits formation of tumor vasculature by inhibiting tumor growth. ‘Abevmy’ is authorized for use in treating malignant glioma, recurrent non-small cell lung cancer, metastatic colorectal cancer, and primary peritoneal cancer.

Analyst View:

The key factor driving the growth of the oncology biosimilars market is increase in prevalence of cancer diseases and rapid urbanization. Rapid increase in urban population has led to unhealthy lifestyle, consumption of alcohol, smoking, consumption of unhealthy & poor nutrition food, lack of exercise, obesity, which has given rise in cancer diseases. Use of biosimilars are effective in treating various types of cancer diseases. Biosimilars are safe, low cost, affordable, effective & increase patients access to novel treatment. However, its low cost and effectiveness in medical treatment has enhanced the growth in oncology biosimilars market. Furthermore, awareness and proper education among public and healthcare professionals on multiple aspects of biosimilars must be given and is highly recommended to ensure successful incorporation of biosimilars in routine oncology care. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on“Oncology Biosimilars Market, By Cancer Type (Lung Cancer, Blood Cancer, Breast Cancer, Cervical Cancer, and Others), By Drug Class (Hematopoietic Agents, G-CSF (granulocyte-colony stimulating factor), mAb (monoclonal antibodies) and Others), By Distribution Channel (Hospitals, Online Pharmacy, Retail Pharmacy, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

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Key Market Insights from the report:

Oncology Biosimilars Market  was valued at US$ 4.5 Billion in 2024 and is projected to grow at a CAGR of 10.3% to reach US$ 10.9 Billion by 2034.. The Oncology Biosimilars Market is segmented based on Cancer Type, Drug Class, Distribution Channel and Region.

• Based on Cancer Type, Oncology Biosimilars Market is segmented into Lung Cancer, Blood Cancer, Breast Cancer, Cervical Cancer, and Others.
• Based on Drug Class, Oncology Biosimilars Market is segmented into Hematopoietic Agents, G-CSF (granulocyte-colony stimulating factor), mAb (monoclonal antibodies) and others.
• Based on Distribution Channel, Oncology Biosimilars Market is segmented into Hospitals, Online Pharmacy, Retail Pharmacy, and Others.
• By Region, the Oncology Biosimilars Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Oncology Biosimilars Market:

The prominent players operating in the Oncology Biosimilars Market includes, Amgen Inc., Biocon Limited., Pfizer Inc., Teva Pharmaceutical Industries Ltd., Novartis International AG., Amneal, Synthon Pharmaceuticals Inc., Boehringer Ingelhiem, Gedeon Richter, Fresenius Kabi, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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