A Research and Markets report found the global biosimilars market is projected to grow substantially from 2016 to 2020.
Here are four takeaways:
1. During the aforementioned time frame, the market is anticipated to increase at a compound annual growth rate of 55.52 percent.
2. Physicians' hesitation to prescribe biosimilars will pose as a barrier to market growth.
3. Leading vendors include Sandoz, Hospira, Teva Pharmaceuticals and STADA.
4. Other market vendors are Celltrion, Biocon, Amegen, Apotex and Aspen, among several others.
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