Oncology Biosimilars Market
By Disease Indication;
Breast Cancer, Colorectal Cancer, Blood Cancer, Neutropenia Cancer, Non-Small Cell Lung Cancer, and OthersBy Drug Type;
mAb, Immunomodulators, Hematopoietic Agents, G-CSF, and OthersBy Distribution Channel;
Retail Pharmacies, Hospital Pharmacy, and Online PharmacyBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Oncology Biosimilar Market Overview
Oncology Biosimilar Market (USD Million)
Oncology Biosimilar Market was valued at USD 5,107.57 million in the year 2024. The size of this market is expected to increase to USD 61,846.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 42.8%.
Oncology Biosimilars Market
*Market size in USD million
CAGR 42.8 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 42.8 % |
Market Size (2024) | USD 5,107.57 Million |
Market Size (2031) | USD 61,846.01 Million |
Market Concentration | Low |
Report Pages | 304 |
Major Players
- Amgen Inc.
- Pfizer Inc.
- Celltrion Inc.
- Biocon Ltd.
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
- Samsung Bioepis Co., Ltd.
- Sandoz International GmbH
- Merck & Co., Inc.
- Dr. Reddy's Laboratories Ltd.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Oncology Biosimilars Market
Fragmented - Highly competitive market without dominant players
The Oncology Biosimilars Market is witnessing rapid growth as healthcare providers turn to cost-efficient treatments for cancer management. More than 45% of oncology prescriptions now feature biosimilars, reflecting their growing clinical trust. By ensuring effective and affordable solutions, these therapies are improving accessibility while reducing the financial strain of cancer treatments.
Advancements in Cancer Therapeutics
Continuous progress in biologic drug innovation has driven biosimilar adoption across breast, lung, and colorectal cancers. Nearly 52% of these therapies mimic monoclonal antibodies, offering precision and consistency in treatment outcomes. This innovation is positioning biosimilars as vital contributors to advancing oncology care.
Growing Research and Regulatory Support
Close to 57% of oncology-focused research initiatives now invest in biosimilar development, underlining their importance. Regulatory approvals from the FDA and EMA are accelerating market adoption. Strong emphasis on equivalence and interchangeability is improving confidence, integrating biosimilars seamlessly into cancer treatment pathways.
Affordability Accelerating Demand
The rising expense of oncology treatments has boosted reliance on biosimilars. Around 48% of treatment facilities have adopted them to optimize cost efficiency while safeguarding treatment standards. Their economic advantage is broadening patient access to advanced therapies, enhancing the overall reach of modern cancer care.
Positive Market Prospects
The Oncology Biosimilars Market is set for significant growth as manufacturing innovations, delivery platforms, and trial designs continue to advance. Approximately 50% of pipeline biosimilars are designed to expand accessibility and boost therapeutic outcomes. Strengthening adoption and clinical trust will solidify biosimilars’ role in cost-effective oncology treatment.
Oncology Biosimilar Market Recent Developments
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In May 2022, Amneal Pharmaceuticals, Inc. received United States Food and Drug Administration ("FDA") approval for a Biologics License Application ("BLA") for pegfilgrastim-pbbk, a biosimilar referencing Neulasta. The product will be marketed under the proprietary name FYLNETRA.
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In September 2021, Samsung Bioepis and Biogen announced that the Food and Drug Administration (FDA) had approved BYOOVIZ (ranibizumab-nuna), a biosimilar to LUCENTIS (ranibizumab), for the treatment of neovascular age-related macular degeneration, macular edema following retinal vein occlusion, and myopic choroidal neovascularization. BYOOVIZ was the first ophthalmology biosimilar approved in the United States.
Oncology Biosimilar Market Segment Analysis
In this report, The Oncology Biosimilar Market has been segmented by Disease Indication, Drug Type, Distribution Channel and Geography.
Oncology Biosimilar Market, Segmentation by Disease Indication
The Oncology Biosimilar Market has been segmented by Disease Indication into Breast Cancer, Colorectal Cancer, Blood Cancer, Neutropenia Cancer, Non-Small Cell Lung Cancer and Others.
Breast Cancer
Breast cancer accounts for 32% of the oncology biosimilar market, driven by the growing use of trastuzumab and other targeted biosimilars. Increasing incidence rates and wider adoption in developed markets have resulted in a steady 14% annual growth, supported by cost-effective treatment options.
Colorectal Cancer
Colorectal cancer represents 21% of market share, with bevacizumab and similar agents leading biosimilar adoption. Rising prevalence in both Western and Asian populations has driven 12% yearly growth, aided by healthcare system cost-containment measures.
Blood Cancer
Blood cancers, including leukemia and lymphoma, contribute 18% of the market. Increasing utilization of rituximab biosimilars has fueled 13% annual growth, supported by expanded treatment guidelines and improved patient access.
Neutropenia Cancer
Neutropenia-related cancer therapies hold 15% of the biosimilar market, dominated by filgrastim and pegfilgrastim products. The segment is growing at 11% annually, driven by the need to manage chemotherapy-induced complications and reduce hospitalization rates.
Non-Small Cell Lung Cancer
Non-small cell lung cancer accounts for 9% of market share, with biosimilars playing a growing role in targeted and supportive treatments. Annual growth of 10% is fueled by rising incidence rates and expanding approval of biosimilar monoclonal antibodies.
Others
The others category comprises 5% of the market, including biosimilar applications in gastric, ovarian, and other less common cancers. Steady 8% annual growth is driven by clinical pipeline expansions and improved regulatory pathways.
Oncology Biosimilar Market, Segmentation by Drug Type
The Oncology Biosimilar Market has been segmented by Drug Type into mAb, Immunomodulators, Hematopoietic Agents, G-CSF and Others.
mAb
Monoclonal antibodies (mAbs) dominate the oncology biosimilar market with a 46% share, driven by the widespread adoption of trastuzumab, rituximab, and bevacizumab biosimilars. Strong clinical efficacy, patent expirations, and cost savings have supported an annual growth rate of 15%.
Immunomodulators
Immunomodulators account for 22% of the market, with biosimilar versions of interferons and checkpoint inhibitors gaining traction. Increased use in combination cancer therapies and ongoing clinical trials are driving 12% yearly growth in this segment.
Hematopoietic Agents
Hematopoietic agents hold 14% market share, primarily used to stimulate red blood cell production in chemotherapy patients. Demand is rising at 10% annually, fueled by the adoption of biosimilar erythropoiesis-stimulating agents (ESAs) to manage cancer-related anemia.
G-CSF
Granulocyte colony-stimulating factor (G-CSF) products make up 12% of the market, led by biosimilars of filgrastim and pegfilgrastim. With 9% annual growth, this segment benefits from their role in preventing chemotherapy-induced neutropenia and reducing infection risks.
Others
The others category represents 6% of the market, covering biosimilars for supportive care and niche oncology applications. Steady 8% growth is supported by an expanding biosimilar pipeline and favorable regulatory reforms.
Oncology Biosimilar Market, Segmentation by Distribution Channel
The Oncology Biosimilar Market has been segmented by Distribution Channel into Retail Pharmacies, Hospital Pharmacy and Online Pharmacy.
Retail Pharmacies
Retail pharmacies hold 44% of the oncology biosimilar market, driven by widespread patient accessibility and convenience in prescription refills. Steady 11% annual growth is fueled by expanding outpatient treatment programs and rising availability of affordable biosimilars.
Hospital Pharmacy
Hospital pharmacies account for 46% of market share, serving as the primary channel for inpatient and specialized oncology treatments. With an annual growth rate of 13%, this segment benefits from direct integration into treatment protocols and the ability to manage complex cancer therapies.
Online Pharmacy
Online pharmacies represent 10% of the market, experiencing rapid 15% yearly growth due to rising demand for home delivery and digital prescription services. Increased patient awareness and convenience in ordering biosimilars are accelerating adoption in this channel.
Oncology Biosimilar Market, Segmentation by Geography
In this report, The Oncology Biosimilar Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Oncology Biosimilar Market Share (%), by Geographical Region
North America
North America leads the oncology biosimilar market with a 42% share, driven by high healthcare expenditure, strong regulatory support, and early adoption of biosimilar therapies. The U.S. dominates regional demand, while Canada shows steady 12% annual growth fueled by expanding access programs.
Europe
Europe accounts for 34% of global share, supported by robust biosimilar approval frameworks and widespread reimbursement policies. Leading countries such as Germany, France, and the U.K. contribute to a consistent 11% yearly growth, especially in oncology treatment protocols.
Asia Pacific
Asia Pacific holds 15% of the market, with China, Japan, and India emerging as high-growth biosimilar hubs. The region’s 14% CAGR is driven by increasing cancer incidence, government-led healthcare reforms, and expanding local biosimilar manufacturing.
Middle East & Africa
Middle East & Africa represent 5% of global share, with UAE, Saudi Arabia, and South Africa leading adoption. Annual growth of 9% is supported by healthcare infrastructure upgrades and rising access to affordable oncology treatments.
Latin America
Latin America contributes 4% of the market, led by Brazil and Mexico. The region’s 8% yearly growth is driven by expanding biosimilar approvals, improving cancer care facilities, and government-backed price control policies.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Oncology Biosimilar Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Cost-effectiveness
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Expanding oncology drug market - The global oncology biosimilar market is experiencing significant expansion, driven by the growing demand for oncology drugs worldwide. With cancer prevalence on the rise and an increasing number of patients requiring treatment, there is a pressing need for cost-effective therapies. Biosimilars, which are highly similar versions of already approved biological drugs, offer a promising solution by providing more affordable alternatives to expensive biologics.
One of the primary drivers of the expanding oncology biosimilar market is the expiration of patents on several blockbuster biologics used in cancer treatment. As these patents expire, it opens the door for biosimilar manufacturers to enter the market and offer more competitively priced options. Additionally, healthcare systems and providers are under pressure to contain costs, making biosimilars an attractive choice due to their potential for cost savings without compromising on efficacy or safety.
Regulatory agencies worldwide are increasingly establishing clear pathways for the approval of biosimilars, streamlining the process and fostering confidence among both healthcare professionals and patients. This regulatory support is essential for encouraging investment in biosimilar development and driving market growth. As a result, pharmaceutical companies are investing heavily in research and development of oncology biosimilars, aiming to capitalize on this expanding market opportunity.
Restraints
- Regulatory hurdles
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Complex manufacturing processes - The global oncology biosimilar market is witnessing significant growth, largely fueled by the increasing prevalence of cancer worldwide and the need for more affordable treatment options. Biosimilars, which are highly similar versions of already approved biologic medicines, offer a promising avenue for reducing the economic burden of cancer treatment. However, their manufacturing processes are notably complex, presenting both challenges and opportunities for companies operating in this space.
The production of oncology biosimilars entails intricate processes involving the cultivation of living cells to produce therapeutic proteins. Unlike small molecule drugs, which can be chemically synthesized, biosimilars are derived from living organisms, necessitating careful control over cell cultures and purification methods to ensure consistency and safety. These manufacturing complexities often require substantial investments in specialized infrastructure and expertise, posing barriers to entry for smaller companies.
Achieving similarity to the reference biologic is crucial for regulatory approval and market acceptance. The manufacturing process must replicate the structure, efficacy, and safety profile of the originator product to a high degree of similarity. This necessitates sophisticated analytical techniques and extensive comparability studies to demonstrate equivalence in terms of molecular structure, biological activity, and clinical outcomes. Regulatory agencies, such as the FDA and EMA, have established stringent guidelines to ensure the quality, safety, and efficacy of biosimilars, adding another layer of complexity to the manufacturing process.
Opportunities
- Increasing demand for cancer treatment
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Emerging markets potential - The global oncology biosimilar market is witnessing a surge, driven primarily by the potential in emerging markets. Emerging markets, including countries in Asia, Latin America, and parts of Africa, are experiencing a growing demand for affordable cancer treatments. Biosimilars offer a cost-effective alternative to expensive biologic drugs, making them particularly attractive in regions where access to healthcare resources is limited and affordability is a significant concern.
One key factor driving the growth of oncology biosimilars in emerging markets is the increasing prevalence of cancer. As these regions undergo demographic and lifestyle changes, the incidence of cancer is on the rise. This, coupled with improving healthcare infrastructure and awareness, is driving the demand for effective yet affordable cancer treatments. Biosimilars, with their comparable efficacy and lower costs, are well-positioned to address this demand and improve access to essential cancer care.
Regulatory reforms and initiatives aimed at promoting biosimilar adoption are further fueling market growth in emerging economies. Governments in these regions are implementing policies to expedite the approval process for biosimilars, reduce barriers to entry, and encourage competition in the market. Additionally, partnerships between local pharmaceutical companies and global biotech firms are facilitating technology transfer and enhancing the production capabilities of biosimilars in these markets.
Competitive Landscape Analysis
Key players in Global Oncology Biosimilar Market include :
- Amgen Inc.
- Pfizer Inc.
- Celltrion Inc.
- Biocon Ltd.
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
- Samsung Bioepis Co., Ltd.
- Sandoz International GmbH
- Merck & Co., Inc.
- Dr. Reddy's Laboratories Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Disease Indication
- Market Snapshot, By Drug Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Oncology Biosimilar Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Cost-effectiveness
- Expanding oncology drug market
- Restraints
- Regulatory hurdles
- Complex manufacturing processes
- Opportunities
- Increasing demand for cancer treatment
- Emerging markets potential
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Oncology Biosimilar Market, By Disease Indication, 2021 - 2031 (USD Million)
- Breast Cancer
- Colorectal Cancer
- Blood Cancer
- Neutropenia Cancer
- Non-Small Cell Lung Cancer
- Others
- Oncology Biosimilar Market, By Drug Type, 2021 - 2031 (USD Million)
- mAb
- Immunomodulators
- Hematopoietic Agents
- G-CSF
- Others
- Oncology Biosimilar Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Retail Pharmacies
- Hospital Pharmacy
- Online Pharmacy
- Oncology Biosimilar Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Oncology Biosimilar Market, By Disease Indication, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Amgen Inc.
- Pfizer Inc.
- Celltrion Inc.
- Biocon Ltd.
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
- Samsung Bioepis Co., Ltd.
- Sandoz International GmbH
- Merck & Co., Inc.
- Dr. Reddy's Laboratories Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market