Global Trastuzumab Biosimilars Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Ogivri, Herzuma, Ontruzant, Trazimera, and Others.

By Indication;

Adjuvant Breast Cancer, Metastatic Breast Cancer, Metastatic Gastric Cancer, and Others.

By Distrubution Channel;

Hospital Pharmacy, and Online Pharmacy.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn152754116 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Trastuzumab Biosimilars Market (USD Million), 2021 - 2031

In the year 2024, the Global Trastuzumab Biosimilars Market was valued at USD 4,195.25 million. The size of this market is expected to increase to USD 21,170.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 26.0%.

The global Trastuzumab biosimilars market is a rapidly evolving sector within the pharmaceutical industry, driven by the increasing prevalence of cancer and the need for cost-effective treatment options. Trastuzumab, a monoclonal antibody, is widely used in the treatment of HER2-positive breast cancer and gastric cancer. As patents for original biologic drugs expire, biosimilars—biologically similar versions of these drugs—are emerging as a viable alternative, offering comparable efficacy at a lower cost.

Government support and favorable regulatory frameworks are significantly propelling the market. Regulatory bodies worldwide are streamlining approval processes to ensure that biosimilars maintain high standards of safety and efficacy while becoming more accessible. This support is crucial in addressing the high cost of cancer treatment, thereby easing the financial burden on healthcare systems and patients.

Technological advancements in biotechnology and biomanufacturing are another critical driver of this market. These innovations enhance the development and production of biosimilars, ensuring they meet rigorous quality standards and are produced efficiently. Furthermore, increasing healthcare expenditure globally is facilitating better access to these advanced treatments, especially in emerging markets where the healthcare infrastructure is rapidly improving.

However, the market faces several challenges. Regulatory approval processes, though supportive, can be complex and time-consuming, potentially delaying market entry. The high cost of developing and manufacturing biosimilars, coupled with the need for significant investment in research and development, poses financial challenges for companies. Additionally, there are barriers related to market penetration, such as limited physician awareness and patient acceptance, which can impact the uptake of biosimilars.

Despite these restraints, the market holds significant opportunities. Emerging markets present substantial growth prospects due to increasing healthcare access and government initiatives to promote biosimilars. Strategic partnerships and collaborations within the industry are fostering innovation and enhancing the market reach of biosimilars. As public awareness of biosimilars grows, coupled with advancements in personalized medicine and diversified product portfolios, the global Trastuzumab biosimilars market is poised for significant expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Indication
    3. Market Snapshot, By Distrubution Channel
    4. Market Snapshot, By Region
  4. Global Trastuzumab Biosimilars Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing cancer prevalence
        2. Cost-effective treatments
        3. Patent expirations
        4. Rising healthcare expenditure
        5. Government support programs
      2. Restraints
        1. Brand loyalty issues
        2. High development costs
        3. Limited physician awareness
        4. Market penetration barriers
        5. Regulatory approval challenges
      3. Opportunities
        1. Increasing public awareness
        2. Expanding healthcare infrastructure
        3. Strategic partnerships development
        4. Advanced biosimilar research
        5. Emerging market growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Trastuzumab Biosimilars Market, By Product, 2021 - 2031 (USD Million)
      1. Ogivri
      2. Herzuma
      3. Ontruzant
      4. Trazimera
      5. Others
    2. Global Trastuzumab Biosimilars Market, By Indication, 2021 - 2031 (USD Million)
      1. Adjuvant Breast Cancer
      2. Metastatic Breast Cancer
      3. Metastatic Gastric Cancer
      4. Others
    3. Global Trastuzumab Biosimilars Market, By Distrubution Channel, 2021 - 2031 (USD Million)
      1. Hospital Pharmacy
      2. Online Pharmacy
    4. Global Trastuzumab Biosimilars Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Pfizer Inc.
      2. Biogen Inc.
      3. Novartis AG
      4. Roche Holding AG
      5. Hexal AG
      6. Teva Pharmaceutical Industries Ltd.
      7. Dr. Reddyas Laboratories Ltd.
      8. Reliance Life Sciences
      9. Biocon Limited
      10. Allergan plc
      11. Celltrion Inc.
      12. Hospira
      13. Synthon Pharmaceuticals, Inc.
      14. Boehringer Ingelheim International GmbH
      15. BioXpress Therapeutics SA
      16. Genentech, Inc.
  7. Analyst Views
  8. Future Outlook of the Market