Biosimilar Hormones Market Size Expected To Reach $7.68 Billion By 2027
The Business Research Company’s Biosimilar Hormones Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032
LONDON, GREATER LONDON, UK, January 24, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s “Biosimilar Hormones Global Market Report 2023” is a comprehensive source of information that covers every facet of the Biosimilar Hormones market. As per TBRC’s biosimilar hormones market forecast, the biosimilar hormones market size is predicted to reach a value of $7.68 Billion by 2027, rising at a significant annual growth rate of 26.2 percent through the forecast period.
The growth in the biosimilar hormones market is due to the prevalence of deficiencies in growth hormones and metabolic hormones. North America region is expected to hold the largest biosimilar hormones market share. Major players in the biosimilar hormones market include Teva Pharmaceutical, Gedeon Richter, Intas Pharmaceuticals, Biocon, Mylan.
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Trending Biosimilar Hormones Market Trend1
Key players operating in the biosimilar hormones market are undertaking various strategic initiatives such as new product launches in untapped regions to make the drug accessible to a large population. The companies are focusing on launching their products in various locations to boost sales and maximise profits. For instance, in February 2022, Alvotech Holdings S.A., a Luxembourg-based biopharmaceutical company specialising in the development of biosimilar medicines, announced partnerships with Fuji Pharma Co. Ltd., a Japan based pharmaceutical company, to develop biosimilar drug candidates in Japan. Through this partnership, both companies have decided to add new elements to their strategic alliance for the creation and marketing of biosimilar medicines in Japan.
Biosimilar Hormones Market Segments2
•By Type: Teriparatide Biosimilars, Follitropin Alfa Biosimilars, Insulin Biosimilars, Somatropin Biosimilars, Other Types
•By Application: Research & Biotechnology, Diagnostics, Biocatalysts, Therapeutics, Other Applications
•By Distribution Channel: Hospital And Retail Pharmacy, Online Pharmacy/e-pharmacy, Specialty Clinics
•By Geography: The global Biosimilar Hormones market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read more on the global Biosimilar Hormones market report at:
https://www.thebusinessresearchcompany.com/report/biosimilar-hormone-global-market-report
Biosimilar hormones refer to the hormones included in the product that are chemically identical to those produced by your body. In fact, it's possible that the hormones in bioidentical drugs are identical to those used in conventional hormone therapy. They are used to treat people whose hormone levels are low or out of whack.
Biosimilar Hormones Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Biosimilar Hormones Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on biosimilar hormones global market size, drivers and trends, biosimilar hormones global market major players, competitors' revenues, market positioning, and biosimilar hormones global market growth across geographies. The biosimilar hormones global market analysis helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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