Indonesia herceptin biosimilar market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 – 2030. The market grows as a result of increased research and development as well as rising public knowledge of cancer treatments. Additionally, rising healthcare costs and the existence of innovative pipeline products create an opportunity for market expansion. Some of the key players in this market are Mylan N.V., Amgen Inc., Mabion S.A., AryoGen Biopharma, Genor Biopharma, Celltrion Inc., Gedeon Richter Plc, The Instituto Vital Brazil, F. Hoffmann-La Roche AG, and Biocon.
Indonesia Herceptin Biosimilar Market is valued at around $11.8 Mn in 2022 and is projected to reach $56.3 Mn by 2030, exhibiting a CAGR of 21.6% during the forecast period 2023-2030.
Trastuzumab, often known as herceptin, is a very potent targeted medication used to treat HER2 positive breast cancer. It has completely changed how this aggressive form of cancer is treated, increasing survival rates and giving many sufferers hope. A noteworthy advance in recent years has been the release of herceptin biosimilars, which provide comparable therapeutic advantages while improving accessibility and price. Similar to the original Herceptin, Herceptin biosimilars are precisely made to target HER2 positive breast cancer cells. They function by attaching to the HER2 receptor and preventing cancer cells from proliferating and spreading. Although the structure and mode of action of Herceptin biosimilars are identical to those of the reference medication, they are made by many firms, increasing market rivalry. The market grows as a result of increased research and development as well as rising public knowledge of cancer treatments. Additionally, rising healthcare costs and the existence of innovative pipeline products create an opportunity for market expansion. The global Herceptin Biosimilar market’s major key players are Mylan N.V., Amgen Inc., Mabion S.A., AryoGen Biopharma, Genor Biopharma, Celltrion Inc., Gedeon Richter Plc, The Instituto Vital Brazil, F. Hoffmann-La Roche AG, and Biocon.
Market Growth Drivers
Cost-effectiveness, patent expiration, market competition, rising demand for HER2-positive breast cancer treatments, a supportive regulatory environment, healthcare systems' efforts to contain costs, market expansion, and a global focus are some of the factors driving the herceptin biosimilar therapeutic market. These elements work together to support the development and acceptance of herceptin biosimilars as a patient-friendly therapeutic option.
Market Restraints
Regulations governing the approval of biosimilars are strict and may involve lengthy clinical trials and comparisons to the reference product. Some companies are hindered from pursuing the development of herceptin biosimilars because of the time- and money-consuming nature of these regulatory hurdles thereby acting as restraints for herceptin biosimilar market.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Application
By Dosage
By Distribution Channel
Methodology for Database Creation
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