- Key End-user Segments include Hospitals & Pharmaceutical Stores
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Biosimilars Market. The report finds emergence of Biosimilar Manufacturing Outsourcing as a key trend affecting this market. The analysis is for the forecast period 2014-2018.
The manufacture of biosimilar products requires specialized capabilities, meticulous planning, highly skilled staff, and significant financial investment in equipment, technology, materials, and personnel. Therefore, the complexities and costs involved in the biosimilar development rises along with the dip in their profit margins, hampering the overall success of manufacturing biosimilar products. Thus, many vendors are increasingly turning to CMOs and CROs that have already gained proficiency in the field of manufacturing biosimilar products.
The wealth of knowledge, experience, understanding, technology, skills and financial control that CMOs and CROs are providing to manufacturers, make this a solution that many vendors are using at present. These organizations employ well-trained professionals for developing and validating analytical methods, providing pharmaceutical companies with a feasible way of remaining competitive and financially viable.
Moreover, manufacturing biosimilar products in developing countries such as India and China has reduced the requisite investment by about 40 percent, making India and China a hub for outsourced biosimilar manufacturing. Thus, the outsourcing of biosimilar product manufacture to developing nations would enable market vendors to achieve the quickest and most cost-effective method of getting a new product to market. This new trend will be having a positive impact on the growth of the market over the next few years.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Biosimilars Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Biosimilars Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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