Reports
India Biosimilar Market: By Molecule: Human Growth Hormone, Insulin Glargine, Interferon, Erythropoietin, Monoclonal Antibodies, Others; By Manufacturing Type; By Application: Auto-Immune Diseases, Blood Disorder, Others; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
India Biosimilar Market Outlook
The India biosimilar market size reached a value of almost USD 633 million in the year 2020. The market is further expected to grow at a CAGR of 11% between 2021 and 2026.
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Expansion of Healthcare Infrastructure to Propel the Biosimilar Market in India Ahead
The market in India is being driven by the expansion of the healthcare infrastructure and the increasing penetration of the pharmaceutical industry in the region. The regional market of biosimilar is driven by several factors such as low production costs, slender regulations by the government, and the availability of cheap and skilled labour within the region. The growing geriatric population within India is further accelerating the market growth of biosimilar. Further, the patents of numerous blockbuster biologic drugs have expired, and some of the blockbuster drugs are further expected to have their patent protection expire in the upcoming years, thus, offering tremendous market opportunities for biosimilar manufacturers in India in the forecast period.
Biosimilar: Market Segmentation
Biosimilars are also known as subsequent entry biologics (SEBs) or follow-on biologics. These are the FDA-approved biotherapeutic products, which share the same properties as their reference biologics. These can be manufactured only after the expiration of the reference product’s patent.
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The market is divided on the basis of molecule into:
- Human Growth Hormone
- Insulin Glargine
- Interferon
- Erythropoietin
- Monoclonal Antibodies
- Granulocyte Colony Stimulating Factor (G-CSF)
- Others
Based on manufacturing type, the market is segmented into:
- In-House Manufacturing
- Contract Manufacturing
On the basis of indication, the market is divided into:
- Auto-Immune Diseases
- Blood Disorder
- Diabetes
- Oncology
- Growth Deficiency
- Female Infertility
- Others
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Growing Incidences of Chronic Diseases to Bolster the Demand for Biosimilar in India
The biosimilar market in India is driven by the rising incidences of chronic diseases, such as auto-immune diseases, cancers, growth hormone deficiency, kidney failure, diabetes, infectious diseases, rheumatoid arthritis, haematological disorders, diabetes, CVDs, and others, within the country. The growing demand for biosimilars due to their cost-effectiveness is further aiding industry growth. The market is finding further impetus for its growth in the several cost-saving initiatives undertaken by governments as well as third-party payers, which, as a result, are encouraging the use of biosimilars as opposed to branded biologics, thereby propelling the demand for biosimilars. However, some factors, such as negative perception from physicians, lower price differential as compared to small-molecule generics, patent extensions, and others, are hampering the growth of the market in India.
Key Industry Players in the India Biosimilar Market
The report gives a detailed analysis of the following key players in the India biosimilar market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Biocon Limited
- Dr. Reddy’s Laboratories Ltd
- Cadila Healthcare Limited
- Alkem Laboratories Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Molecule, Manufacturing Type, Application |
| Breakup by Molecule | Human Growth Hormone, Insulin Glargine, Interferon, Erythropoietin, Monoclonal Antibodies, Granulocyte Colony Stimulating Factor (G-CSF), Others |
| Breakup by Manufacturing Type | In-House Manufacturing, Contract Manufacturing |
| Breakup by Application | Auto-Immune Diseases, Blood Disorder, Diabetes, Oncology, Growth Deficiency, Female Infertility, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Biocon Limited, Dr. Reddy’s Laboratories Ltd, Cadila Healthcare Limited, Alkem Laboratories Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Industry Opportunities and Challenges
8 India Biosimilar Market Analysis
8.1 Key Industry Highlights
8.2 India Biosimilar Historical Market (2018-2022)
8.3 India Biosimilar Market Forecast (2023-2028)
8.4 India Biosimilar Market by Molecule
8.4.1 Human Growth Hormone
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Insulin Glargine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Interferon
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Erythropoietin
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Monoclonal Antibodies
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Granulocyte Colony Stimulating Factor (G-CSF)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 India Biosimilar Market by Manufacturing Type
8.5.1 In-House Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Contract Manufacturing
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 India Biosimilar Market by Application
8.6.1 Auto-Immune Diseases
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Blood Disorder
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Diabetes
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Oncology
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Growth Deficiency
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Female Infertility
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Biocon Limited
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Dr. Reddy’s Laboratories Ltd
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Cadila Healthcare Limited
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Alkem Laboratories Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. India Biosimilar Market: Key Industry Highlights, 2018 and 2028
2. India Biosimilar Historical Market: Breakup by Molecule (USD Million), 2018-2022
3. India Biosimilar Market Forecast: Breakup by Molecule (USD Million), 2023-2028
4. India Biosimilar Historical Market: Breakup by Manufacturing Type (USD Million), 2018-2022
5. India Biosimilar Market Forecast: Breakup by Manufacturing Type (USD Million), 2023-2028
6. India Biosimilar Historical Market: Breakup by Application (USD Million), 2018-2022
7. India Biosimilar Market Forecast: Breakup by Application (USD Million), 2023-2028
8. India Biosimilar Market Structure
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