LONDON, March 18 /PRNewswire/ -- Despite the initial regulatory hiccups, the number of biosimilars in the European market is set to increase gradually. The patent expiry of key biopharmaceuticals has opened up numerous lucrative market opportunities, while driving the development of biosimilars. In addition, payers' perception of biosimilars, as viable alternatives to originator drugs due to their safety, efficacy and affordability, will further bolster market prospects.
"Patent expiries of some top selling biopharmaceuticals have resulted in a massive market opportunity for biosimilar manufacturers," notes Frost & Sullivan Senior Research Analyst Sumanth Kambhammettu. "Product classes such as erythropoietins, insulin and analogs, granulocyte colony-stimulating factors, human growth hormones and interferons, which have all lost patent protection, had a collective market size of approximately $34.04 billion in 2007."
If you are interested in a virtual brochure for the latest analysis from Frost & Sullivan (http://www.pharma.frost.com) titled, European Biosimilars Market Outlook, which provides manufacturers, end users and other industry participants with an overview of the study, send an e-mail to Katja Feick, Corporate Communications, at email@example.com. Please include your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
Expensive biopharmaceuticals are used primarily
|SOURCE Frost & Sullivan|
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