Oncology Biosimilars Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Drug Class (Monoclonal Antibodies, Granulocyte Colony-Stimulating Factor, and Erythropoiesis-Stimulating Agents ), Cancer Type (Colorectal Cancer, Cervical Cancer, Breast Cancer, Supportive Care, Lymphoma, and Others), and Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy)
The oncology biosimilars market was valued at US$ 9.46 billion in 2023 and is anticipated to reach US$ 24.71 billion by 2031; it is projected to register a CAGR of 12.8% from 2023 to 2031.
Key factors driving the market growth are the surge in incidences of cancers, including lung cancer, colorectal cancer, and breast cancer; the cost-effectiveness of biosimilar drugs; and a rise in the approvals of oncology biosimilars. However, high-cost involvement and complexities in biosimilar product manufacturing hamper the oncology biosimilars market growth
Market Trends of the Oncology Biosimilars:
Collaboration models such as joint ventures can help biosimilar medicine manufacturers stay competitive. By collaborating with other companies, they can develop products quickly and effectively, access funding, and gain clinician and patient confidence. Collaboration can also provide access to established manufacturing facilities, and long-term benefits include easy access to future production projects and early market penetration. A few instances of recent, high-profile collaborations in the oncology biosimilars market are given below:
Oncology Biosimilars: Segmental Overview
The oncology biosimilars is segmented on the basis of drug class, cancer type, and distribution channel.
The market, by drug class, is segmented into monoclonal antibodies, granulocyte colony-stimulating factor, and erythropoiesis-stimulating agents. In 2023, the monoclonal antibodies segment held the largest share of the market and is anticipated to register the highest CAGR from 2023 to 2031. The market, based on cancer type, is categorized into lung cancer, colorectal cancer, cervical cancer, breast cancer, stomach cancer, brain cancer, and others. The lung cancer segment held the largest oncology biosimilars market share in 2023 and is projected to register the highest CAGR from 2023 to 2031. The oncology biosimilars market is segmented based on distribution channels into hospital pharmacies, retail pharmacies, and online pharmacies. In 2023, the hospital pharmacy segment held the largest market share and is expected to register the highest CAGR from 2023 to 2031.Oncology biosimilars: Geographical Overview
The scope of the global oncology biosimilars report entails North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America held a major oncology biosimilars share in 2023, followed by Europe; the market in Asia Pacific region is growing with the highest CAGR during the forecast period. This is attributed to developing healthcare infrastructure in emerging markets, rising healthcare expenditure, lucrative reimbursement policies, and increasing emphasis on better patient outcomes in the region.
Key factors driving the market growth are the surge in incidences of cancers, including lung cancer, colorectal cancer, and breast cancer; the cost-effectiveness of biosimilar drugs; and a rise in the approvals of oncology biosimilars. However, high-cost involvement and complexities in biosimilar product manufacturing hamper the oncology biosimilars market growth
Market Trends of the Oncology Biosimilars:
Collaboration models such as joint ventures can help biosimilar medicine manufacturers stay competitive. By collaborating with other companies, they can develop products quickly and effectively, access funding, and gain clinician and patient confidence. Collaboration can also provide access to established manufacturing facilities, and long-term benefits include easy access to future production projects and early market penetration. A few instances of recent, high-profile collaborations in the oncology biosimilars market are given below:
- In July 2023, Samsung Biologics and Pfizer signed a strategic partnership agreement for the long-term commercial manufacturing of Pfizer’s multi-product portfolio. Under this agreement, Samsung Biologics will provide Pfizer with additional capacity for large-scale manufacturing for a multi-product biosimilar portfolio covering oncology, inflammation, and immunology.
- In March 2022, Cipla Medpro, along with the wholly-owned subsidiary of Cipla Limited in India, entered into a partnership agreement with mAbxience, the global biotechnology company, to provide oncology and respiratory-related biosimilars to South Africa. The partnership is aimed to ensure unbiased access to affordable, life-saving medication in the region.
Oncology Biosimilars: Segmental Overview
The oncology biosimilars is segmented on the basis of drug class, cancer type, and distribution channel.
The market, by drug class, is segmented into monoclonal antibodies, granulocyte colony-stimulating factor, and erythropoiesis-stimulating agents. In 2023, the monoclonal antibodies segment held the largest share of the market and is anticipated to register the highest CAGR from 2023 to 2031. The market, based on cancer type, is categorized into lung cancer, colorectal cancer, cervical cancer, breast cancer, stomach cancer, brain cancer, and others. The lung cancer segment held the largest oncology biosimilars market share in 2023 and is projected to register the highest CAGR from 2023 to 2031. The oncology biosimilars market is segmented based on distribution channels into hospital pharmacies, retail pharmacies, and online pharmacies. In 2023, the hospital pharmacy segment held the largest market share and is expected to register the highest CAGR from 2023 to 2031.Oncology biosimilars: Geographical Overview
The scope of the global oncology biosimilars report entails North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America held a major oncology biosimilars share in 2023, followed by Europe; the market in Asia Pacific region is growing with the highest CAGR during the forecast period. This is attributed to developing healthcare infrastructure in emerging markets, rising healthcare expenditure, lucrative reimbursement policies, and increasing emphasis on better patient outcomes in the region.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. ONCOLOGY BIOSIMILARS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. ONCOLOGY BIOSIMILARS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. ONCOLOGY BIOSIMILARS MARKET - GLOBAL MARKET ANALYSIS
6.1 Oncology Biosimilars - Global Market Overview
6.2 Oncology Biosimilars - Global Market and Forecast to 2031
7. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DRUG CLASS, 2021-2031
7.1 Overview
7.2 Monoclonal Antibodies
7.3 Erythropoiesis-Stimulating Agents
7.4 Granulocyte Colony-Stimulating Factor (G-CSF)
8. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY CANCER TYPE, 2021-2031
8.1 Overview
8.2 Colorectal Cancer
8.3 Cervical Cancer
8.4 Breast Cancer
8.5 Supportive Care
8.6 Lymphoma
8.7 Others
9. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DISTRIBUTION CHANNEL , 2021-2031
9.1 Overview
9.2 Hospital Pharmacy
9.3 Retail Pharmacy
9.4 Online Pharmacy
10. ONCOLOGY BIOSIMILARS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
10.1 North America
10.1.1 North America Oncology Biosimilars Market Overview
10.1.2 North America Oncology Biosimilars Market Revenue and Forecasts to 2031
10.1.3 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Drug Class
10.1.4 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Cancer Type
10.1.5 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Oncology Biosimilars Market
10.1.6.1.1 United States Oncology Biosimilars Market, by Drug Class
10.1.6.1.2 United States Oncology Biosimilars Market, by Cancer Type
10.1.6.1.3 United States Oncology Biosimilars Market, by Distribution Channel
10.1.6.2 Canada Oncology Biosimilars Market
10.1.6.2.1 Canada Oncology Biosimilars Market, by Drug Class
10.1.6.2.2 Canada Oncology Biosimilars Market, by Cancer Type
10.1.6.2.3 Canada Oncology Biosimilars Market, by Distribution Channel
10.1.6.3 Mexico Oncology Biosimilars Market
10.1.6.3.1 Mexico Oncology Biosimilars Market, by Drug Class
10.1.6.3.2 Mexico Oncology Biosimilars Market, by Cancer Type
10.1.6.3.3 Mexico Oncology Biosimilars Market, by Distribution Channel
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. INDUSTRY LANDSCAPE
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. COMPETITIVE LANDSCAPE
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. ONCOLOGY BIOSIMILARS MARKET - KEY COMPANY PROFILES
13.1 Biocon
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note - Similar information would be provided for below list of companies
13.2 Celltrion Inc
13.3 Samsung Bioepis
13.4 Amgen Inc
13.5 Coherus BioSciences
13.6 Pfizer Inc
13.7 Sandoz International GmbH (A Novartis Division)
13.8 Teva Pharmaceutical Industries Ltd.
13.9 Lilly
13.10 BIOCAD
14. APPENDIX
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. ONCOLOGY BIOSIMILARS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. ONCOLOGY BIOSIMILARS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. ONCOLOGY BIOSIMILARS MARKET - GLOBAL MARKET ANALYSIS
6.1 Oncology Biosimilars - Global Market Overview
6.2 Oncology Biosimilars - Global Market and Forecast to 2031
7. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DRUG CLASS, 2021-2031
7.1 Overview
7.2 Monoclonal Antibodies
7.3 Erythropoiesis-Stimulating Agents
7.4 Granulocyte Colony-Stimulating Factor (G-CSF)
8. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY CANCER TYPE, 2021-2031
8.1 Overview
8.2 Colorectal Cancer
8.3 Cervical Cancer
8.4 Breast Cancer
8.5 Supportive Care
8.6 Lymphoma
8.7 Others
9. ONCOLOGY BIOSIMILARS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DISTRIBUTION CHANNEL , 2021-2031
9.1 Overview
9.2 Hospital Pharmacy
9.3 Retail Pharmacy
9.4 Online Pharmacy
10. ONCOLOGY BIOSIMILARS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
10.1 North America
10.1.1 North America Oncology Biosimilars Market Overview
10.1.2 North America Oncology Biosimilars Market Revenue and Forecasts to 2031
10.1.3 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Drug Class
10.1.4 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Cancer Type
10.1.5 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Oncology Biosimilars Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Oncology Biosimilars Market
10.1.6.1.1 United States Oncology Biosimilars Market, by Drug Class
10.1.6.1.2 United States Oncology Biosimilars Market, by Cancer Type
10.1.6.1.3 United States Oncology Biosimilars Market, by Distribution Channel
10.1.6.2 Canada Oncology Biosimilars Market
10.1.6.2.1 Canada Oncology Biosimilars Market, by Drug Class
10.1.6.2.2 Canada Oncology Biosimilars Market, by Cancer Type
10.1.6.2.3 Canada Oncology Biosimilars Market, by Distribution Channel
10.1.6.3 Mexico Oncology Biosimilars Market
10.1.6.3.1 Mexico Oncology Biosimilars Market, by Drug Class
10.1.6.3.2 Mexico Oncology Biosimilars Market, by Cancer Type
10.1.6.3.3 Mexico Oncology Biosimilars Market, by Distribution Channel
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. INDUSTRY LANDSCAPE
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. COMPETITIVE LANDSCAPE
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. ONCOLOGY BIOSIMILARS MARKET - KEY COMPANY PROFILES
13.1 Biocon
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note - Similar information would be provided for below list of companies
13.2 Celltrion Inc
13.3 Samsung Bioepis
13.4 Amgen Inc
13.5 Coherus BioSciences
13.6 Pfizer Inc
13.7 Sandoz International GmbH (A Novartis Division)
13.8 Teva Pharmaceutical Industries Ltd.
13.9 Lilly
13.10 BIOCAD
14. APPENDIX
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
