Biosimilar Market to Develop New Growth and Opportunities Analysis Story
Biosimilar Market Overview 2024-2034
Biosimilar Market Growth is expected to grow at a compound annual growth rate (CAGR) of 18.32% between 2024 and 2034, reaching an estimated value of USD 125.32 billion by the end of the forecast period. In 2024, the market is projected to be valued at USD 27.46 billion.
What Are Biosimilars?
Biosimilars are highly similar, safe, and effective alternatives to approved biologic drugs. While not exact copies like generics, they closely match the original biologics in structure and function. Made from living cells, they undergo a rigorous—though slightly simplified—approval process to ensure they meet standards for potency, safety, and purity once the original drug's patent expires.
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