Published by Coherent Market Insights
Posted on October 1, 2021
4 min readLast updated: February 1, 2026
The Oncology Biosimilars Market is set to expand as patents expire, with key players like Amgen and Allergan leading the charge.
Overview
A biosimilar is a biological product that closely mimics and is identical to a previously approved reference product. These are less expensive than branded or authorized items. Several cancer biologics have already lost their patents, and others are about to expire. Biosimilars are likely to gain popularity as more products lose their patents. Leading generics companies including Mylan N.V., Teva Pharmaceutical Industries Ltd., Allergan Plc., and Sandoz are likely to benefit from these patent expirations and position themselves as market leaders in cancer biosimilars
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Drivers
During the forecast period, quick clearance of biosimilars for oncology is projected to be a significant catalyst for the global oncology biosimilars market to expand.
The authorization of the first biosimilars in two important markets, Europe and the U.S., took nearly a decade. In Europe, the first biosimilar was authorized in 2006; while, in the U.S., the first product was approved in 2015. The FDA, on the other hand, has authorized five biosimilars since the first was authorized in 2017. Two of the five biosimilars have been authorized for use in cancer treatment. Mvasi, a cancer biosimilar, was authorized in September 2017, and Ogivri, an oncology spinoff, was approved in December 2017. Both medicines have been authorized in Europe, with Mvasi receiving clearance from the European Commission in January 2018.
In the U.S., a variety of biosimilar applications are underway. There are now four applications pending with the FDA for Herceptin alone. Amgen and Allergan, Celltrion and Teva, Pfizer, and Samsung Bioepis are the companies behind these four applications. Recent product approvals, as well as prospective approvals in the coming years, are projected to drive market expansion throughout the forecast period.
Major Players in Oncology Biosimilars Market
Amgen Inc., Allergan, Plc, Mylan N.V., Samsung Bioepis Co., Ltd., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Celltrion Healthcare, Novartis International AG, Biogen Idec, Inc., and Biocon Limited.
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Why this is Important Report to you? It helps:
• To analyze and study the Global Oncology Biosimilars Market capacity, production, value, consumption, status Focuses on the Key Oncology Biosimilars manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application, and region.
• To analyze the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks.
• To identify significant trends and factors driving or inhibiting market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the Oncology Biosimilars Market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
• It provides a forward-looking perspective on different factors driving or restraining Market growth.
• It provides a six-year forecast assessed on the basis of how the Market is predicted to grow.
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
• It helps in making informed business decisions by having complete insights and by making an in-depth analysis of Market segment
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In conclusion, the Oncology Biosimilars market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the Oncology Biosimilars industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
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The post Oncology Biosimilars Market Overall Study Report 2021-2028 | Amgen, Allergan, Mylan N.V., Samsung Bioepis Co., Ltd appeared first on Gatorledger.
The article discusses the growth and trends in the Oncology Biosimilars Market from 2021 to 2028.
Biosimilars are becoming popular as they are less expensive alternatives to branded cancer biologics losing their patents.
Key players include Amgen, Allergan, Mylan, and Samsung Bioepis.
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