Global Biosimilars/Follow-on-Biologics Market 2013-2020
To Get details: http://www.bigmarketresearch.com/biosimilars-market
"Global Biosimilars/Follow-on-Biologics Market Size, Trend, Analysis, Report, Research, Technology, Applications, Services and Geography, Opportunity and Forecast 2013 - 2020: Big Market Research"
Biosimilars or follow-on-biologics are the “copied” version of reference biologics, which are protected by intellectual rights that will expire soon. Patent expiration is the major driving factor of the biosimilars market. Most of the blockbuster patents will expire by the end of 2014, which would provide a competitive edge to local pharmaceutical manufacturers over the global players. For instance, patents for insulin glargine will expire by the end of this year, which would give an opportunity for the growth of insulin biosimilars market. Global biosimilars/follow-on-biologics market accounted for $1,358 million in 2013 and it is anticipated to generate $35,032 million by 2020, growing at a CAGR of 60.8% from 2014 to 2020.
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