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Pulished Date April, 2021
ID: 1080
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Europe Biosimilars Market Research Report – Segmented By Type, By Technology, By Application, By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis, Size, Share, Growth, Trends, Forecast | 2021 to 2026

Pulished: April, 2021
ID: 1080
Pages: 145

Europe Biosimilars Market Size (2020 to 2025)

The size of the European Biosimilars Market is forecasted to grow USD 8.21 billion by 2025 from USD 2.86 billion in 2020 and is estimated to be growing at a CAGR of 23.50% from 2020 to 2025.

The rising demand for biosimilars due to the beneficial factors is that the biosimilars do not require extensive research and testing. Thus, it reduces time and money, which shows a positive impact on European biosimilars market growth. In addition, the increasing geriatric population in the region is driving the market growth. The European population is aging, with around one-fifth of the entire EU population over 65. Due to less expensive than the other branded counterparts, biosimilars are extensively being used in Europe. An increase in the burden on lifestyle diseases and the proliferation of chronic diseases, including diabetes, cancer, asthma, and arthritis, influence the biosimilars market during the forecast period. Increasing awareness among the people in developed countries such as Germany, UK, France, and Spain and favorable reimbursement policies and initiatives by the government and private organizations encourages European biosimilars market growth.

Country-wise, the market is growing at a significant pace. The major growth contributors in the region are France, Germany, Italy, Spain, and the UK. Technological advancement in the healthcare sector and healthcare spending is expected to influence market growth. In addition, the introduction of novel biosimilars, significant industry innovations such as partnerships and partnerships, favorable research funding conditions, and drug development pressure on pharmaceuticals owing to approaching patent expiration are the factors contributing to the market's growth. Furthermore, the biosimilar market in Europe is predicted to be driven by increased acceptance and adoption by different stakeholders, the need for diversification in technology and business strategies, and the rising incidence of chronic illnesses.

Many firms are discouraged from investing in this market due to problems such as a lack of concrete requirements for approval and appropriate profitability and concerns about substitutability and interchangeability. As a result, the European biosimilars market growth is hampered.

This research report on the European biosimilars market has been segmented and sub-segmented market into the following categories:

By Product Type:

  • Protein
  • Insulin
  • Human Growth Hormones
  • Granulocyte Colony-stimulating Factor (G-CSF)
  • Interferons
  • Recombinant Glycosylated Proteins
  • Erythropoietin
  • Monoclonal Antibodies
  • Follitropin
  • Recombinant Peptides
  • Glucagon

By Technology:

  • Mass Spectroscopy
  • Chromatography
  • Monoclonal Antibody Technology
  • Recombinant DNA Technology
  • Nuclear Magnetic resonance (NMR) technology
  • Electrophoresis
  • Bioassay

By Disease:

  • Oncology Diseases
  • Blood Disorders
  • Growth hormone deficiencies
  • Chronic and autoimmune diseases
  • Others

By Country: 

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, the European market is expected to dominate the UK biosimilars market during the forecast period. The first biosimilar approval was in 2006 for the human growth hormone, but that didn't make up any profits in the market in the U.K. Humira, which is one of the excellent products, has led the market growth. Adalimumab which is the biosimilar for Humira is leveraging the shares of the market. According to the Medicines Optimization Dashboard, Infliximab, which was launched in 2015, is now up to 91% of consumption in England. The U.K. bio-similar market develops growing competition among biological medicines, which can deliver essential savings to the NHS.

The Denmark biosimilars market is one of the lucrative markets in the European region and is expected to register healthy CAGR during the forecast period. Among the European countries, Denmark has been outstanding for its bio-similar consumption, and cost-saving is also achieved. Denmark has implemented one of the most radical biosimilar programs and produced a considerable amount of share in the overall bio-similar volume.

The German biosimilars market is one of the countries in Europe to witness a robust CAGR during the forecast period. Especially, oncology, neurology, and gastroenterology are highly benefited through these biosimilars. Therefore, it has brought tremendous growth opportunities in the market shares and is also deemed to maintain this level in the coming years.

The Italian biosimilars market is estimated to be growing at a CAGR of 24.9% during the forecast period. The market is expected to grow strongly in the upcoming years. The biosimilars are exceedingly less expensive as they don't require more research and tests for the release into the market, which saves time and money. Biologics in Italy have disclosed that change is constant during the period.

The Spanish biosimilars market is forecasted to be growing at a healthy rate from 2021 to 2026. Spain is Europe's fifth-highest manufacturing industry. Moreover, biosimilars accounted for less than 5% of the total biologics market. Spain carries the early entry of biosimilars. Also, this country creates unpredictability for manufacturing companies. Here, biosimilars are valued at 30% under the medicinal cost. When compared with conventional generics, 40% are evaluated under the drug cost.

France is one of the European countries that have been set for continuous growth. Here, the pharmacists continue to grow their increased center of attraction in quick growing and low costs used to develop new methods to accelerate to make certain defendable future, and France has captured less than 5% of the market.

KEY MARKET PLAYERS:

Some of the promising companies operating in the European biosimilars market profiled in this report are Sandoz International GmbH, Wockhardt Ltd, Hospira, Inc., Teva Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories, Biocon Limited, Mylan, Inc., Zydus Cadila, Celltrion Inc., Roche Diagnostics and Cipla Ltd.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Type                        

                                5.1.1 Protein     

                                5.1.2 Insulin       

                                5.1.3 Human Growth Hormones

                                5.1.4 Granulocyte Colony-stimulating Factor (G-CSF)       

                                5.1.5 Interferons             

                                5.1.6 Recombinant Glycosylated Proteins             

                                5.1.7 Erythropoietin       

                                5.1.8 Monoclonal Antibodies     

                                5.1.9 Follitropin

                                5.1.10 Recombinant Peptides    

                                5.1.11 Glucagon               

                                5.1.12 Calcitonin              

                5.2 By Technology                          

                                5.2.1 Mass Spectroscopy             

                                5.2.2 Chromatography  

                                5.2.3 Monoclonal Antibody Technology

                                5.2.4 Recombinant DNA Technology       

                                5.2.5 Nuclear magnetic resonance (NMR) technology     

                                5.2.6 Electrophoresis     

                                5.2.7 Bioassay   

                5.3 By Application                           

                                5.3.1 Oncology diseases

                                5.3.2 Blood disorders    

                                5.3.3 Growth hormone deficiencies        

                                5.3.4 Chronic and autoimmune diseases

                                5.3.5 Others      

6. Geographical Analysis                                              

                                6.1 Introduction              

                                6.2 U.K

                                6.3 Spain             

                                6.4 Germany     

                                6.5 Italy               

                                6.6 France          

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Sandoz International GmbH                

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Wockhardt                 

                8.3 Hospira                        

                8.4 Teva Pharmaceutical Industries                         

                8.5 Dr. Reddy’s Laboratories                      

                8.6 Biocon                          

                8.7 Mylan                           

                8.8 Zydus Cadila                               

                8.9 Celltrion                       

                8.10 Roche Diagnostics                 

                8.11 Cipla                            

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

                                               

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  2. Europe Protein Market, By Region, From 2021 to 2026 (USD Million)
  3. Europe Insulin Market, By Region, From 2021 to 2026 (USD Million)
  4. Europe Human Growth Hormones Market, By Region, From 2021 to 2026 (USD Million)
  5. Europe Granulocyte Colony-stimulating Factor (G-CSF) Market, By Region, From 2021 to 2026 (USD Million)
  6. Europe Interferons Market, By Region, From 2021 to 2026 (USD Million)
  7. Europe Recombinant Glycosylated Proteins Market, By Region, From 2021 to 2026 (USD Million)
  8. Europe Erythropoietin Market, By Region, From 2021 to 2026 (USD Million)
  9. Europe Monoclonal Antibodies Market, By Region, From 2021 to 2026 (USD Million)
  10. Europe Follitropin Market, By Region, From 2021 to 2026 (USD Million)
  11. Europe Recombinant Peptides Market, By Region, From 2021 to 2026 (USD Million)
  12. Europe Glucagon Market, By Region, From 2021 to 2026 (USD Million)
  13. Europe Calcitonin Market, By Region, From 2021 to 2026 (USD Million)
  14. Europe Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  15. Europe Mass Spectroscopy Market, By Region, From 2021 to 2026 (USD Million)
  16. Europe Chromatography Market, By Region, From 2021 to 2026 (USD Million)
  17. Europe Monoclonal Antibody Technology Market, By Region, From 2021 to 2026 (USD Million)
  18. Europe Recombinant DNA Technology Market, By Region, From 2021 to 2026 (USD Million)
  19. Europe Nuclear magnetic resonance (NMR) technology Market, By Region, From 2021 to 2026 (USD Million)
  20. Europe Electrophoresis Market, By Region, From 2021 to 2026 (USD Million)
  21. Europe Bioassay Market, By Region, From 2021 to 2026 (USD Million)
  22. Europe Biosimilars Market, By Application, From 2021 to 2026 (USD Million)
  23. Europe Oncology diseases Market, By Region, From 2021 to 2026 (USD Million)
  24. Europe Blood disorders Market, By Region, From 2021 to 2026 (USD Million)
  25. Europe Growth hormone deficiencies Market, By Region, From 2021 to 2026 (USD Million)
  26. Europe Chronic and autoimmune diseases Market, By Region, From 2021 to 2026 (USD Million)
  27. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  28. U.K. Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  29. U.K. Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  30. U.K. Biosimilars Market, By Application, From 2021 to 2026 (USD Million)
  31. Germany Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  32. Germany Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  33. Germany Biosimilars Market, By Application, From 2021 to 2026 (USD Million)
  34. France Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  35. France Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  36. France Biosimilars Market, By Application, From 2021 to 2026 (USD Million)
  37. Italy Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  38. Italy Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  39. Italy Biosimilars Market, By Application, From 2021 to 2026 (USD Million)
  40. Spain Biosimilars Market, By Type, From 2021 to 2026 (USD Million)
  41. Spain Biosimilars Market, By Technology, From 2021 to 2026 (USD Million)
  42. Spain Biosimilars Market, By Application, From 2021 to 2026 (USD Million)

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