Pharmaceuticals

Global Trastuzumab Biosimilars Market Outlook, Opportunities And Strategies

November 29, 2021 by The Business Research Company

Learn about the global trastuzumab biosimilars market through The Business Research Company, which provides information on trastuzumab biosimilars market size, trastuzumab biosimilars market drivers and restraints, trastuzumab biosimilars market players, the COVID-19 impact on the trastuzumab biosimilars market, and more.

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The global trastuzumab biosimilars market is expected to grow from $1.22 billion in 2020 to $1.4 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The trastuzumab biosimilar market is expected to reach $4.25 billion in 2025 at a CAGR of 32%.

The rising prevalence of breast and gastric cancer is expected to drive innovation in trastuzumab biosimilars manufacturing, thus driving the market during the forecast period.

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The trastuzumab biosimilar market consists of the sales of trastuzumab biosimilar and related services by entities (organizations, sole traders, and partnerships) that manufacture trastuzumab biosimilar. Trastuzumab is a monoclonal antibody that interferes with human epidermal growth factor receptor (HER2). Trastuzumab biosimilars are used mainly for the treatment of breast cancer and gastroesophageal junction adenocarcinoma or metastatic gastric.

Global trastuzumab biosimilars market segments include:

By Product: Ogivri, Herzuma, Ontruzant, Trazimera, Others

By Indication: Adjuvant Breast Cancer, Metastatic Breast Cancer, Metastatic Gastric Cancer, Others

By Distribution Channel: Hospital Pharmacy, Online Pharmacy

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major players are continuously focusing on launching new products in the untapped regions, which is shaping the market for trastuzumab biosimilars. The companies operating in the trastuzumab biosimilars market are undergoing various strategic initiatives such as new product development, partnerships, geographical and product portfolio expansion to maintain their competitive position in the market and better serve the needs of the customers.

TBRC’s trastuzumab biosimilars market report covers:

Major Market Players: Amgen Inc., Pfizer Inc, Samsung Bioepis, Merck & Co., Biocon Limited, Mylan Inc., BioXpress Therapeutics, Celltrion, Teva Pharmaceutical Industries Ltd., EirGenix, Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Trastuzumab Biosimilars Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides trastuzumab biosimilars market overviews, analyzes and forecasts market size, share, trastuzumab biosimilars market players, trastuzumab biosimilars market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s trastuzumab biosimilars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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