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GBI Research Says Global Biosimilars Market Could Hit $55B by 2020

Promising pipelines and government efforts to reduce healthcare spending to drive growth

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By: Kristin Brooks

Managing Editor, Contract Pharma

The global biosimilars market value could reach $20 billion by the end of 2015 according to GBI Research, and $55 billion by 2020, with growth primarily driven by a promising pipeline in development and government efforts to reduce healthcare spending.   The company’s latest CBR Pharma report states that biologics currently account for 17–20% of pharmaceuticals, with a value of approximately $200 billion, and these products may replace 70% of chemical drugs in the next two decades.   Sumith Ladd...

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