Biosimilars through Physician’s Lens – Strategic Intelligence

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Since their introduction within the past few decades, biosimilars outrivaled biologics in reducing treatment costs and improving access to therapies for chronic conditions such as cancer, rheumatoid arthritis (RA), and diabetes. Nevertheless, while biosimilars are increasingly recognized for their clinical and economic benefits, their uptake has been slower than anticipated in some markets. The physician’s role in shaping the future of biosimilar use is undeniable, given their influence on prescribing practices and patient trust. In this report, GlobalData examines biosimilar use, focusing on physician perceptions. The report provides insights into biosimilar uptake, substitution patterns, and use across the eight major markets (8MM: US, France, Germany, Italy, Spain, the UK, Japan, and China).

– Biosimilar uptake varies across therapeutic areas and regions, driven by factors such as regulatory policies and market dynamics.
– The global biosimilar market is forecast to reach $24.75 billion in sales by 2030 with the US driving the most sales.
– Across all markets surveyed, healthcare providers (HCPs) confirmed that their biosimilar prescriptions are going to increase in the next five years.
– Physicians generally support substituting branded biologics with biosimilars.
– If cost was not the main factor, close to 40% of physicians would prefer to use branded biologics for their patients.
– Despite market differences, most physicians agreed that patients should have an option to choose between biologics and their biosimilars.
– China has strong potential in the biosimilars market but may face tough global competition.
– The US’s IRA may have limited impact on biosimilars, while the BIOSECURE Act may increase their prices due to manufacturing and supply chain disruptions.

Scope

– Physicians' attitude and opinions on biosimilar prescription, substitution, and interchangeability

– Past and future uptakes of biosimilars

– Barriers to biosimilar uptake

– Cost consideration of biosimilar prescription

– Patients' preference on branded biologics and biosimilars

– Differences on biosimilar across markets

Reasons to Buy

– Assess healthcare professionals’ attitude towards biosimilar prescription.

– Better understand the barriers to biosimilar uptake.

– Capture physicians’ opinions on substitution and interchangeability.

– Better understand patients’ preferences.

– Assess past and future biosimilars uptake.

– Gain a better understanding of cost consideration when prescribing drugs.

– Explore the differences across markets.

3SBio Inc
AbbVie Inc
Accord Healthcare Ltd
Alphamab Oncology
Alteogen Inc
Altos Biologics Co Ltd
Alvotech SA
Amgen Inc
AskGene Pharma Inc
BeiGene Ltd
BioAtla Inc
Biocon Biologics Ltd
Biogen Inc
Biora Therapeutics Inc
Bio-Thera Solutions Ltd
Boehringer Ingelheim
Bora Pharmaceuticals Co Ltd
Celltrion Inc
Coherus BioSciences Inc
CSL Behring
CSPC Pharmaceutical Group Ltd
Dong-A Socio Group
Eris Lifesciences Ltd
Formycon AG
Fresenius Kabi AG
Fuji Pharma Co Ltd
Gedeon Richter Plc
Genor BioPharma Co Ltd
Hong Kong King-Friend Pharmaceutical Co Ltd
Huons Co Ltd
Innovent Biologics Inc
Intas Pharmaceuticals Ltd
Janssen
JCR Pharmaceuticals Co Ltd
Jiangsu Aosaikang Pharmaceutical Co Ltd
Jiangsu Hengrui Medicine Co Ltd
Johnson & Johnson
Kissei Pharmaceutical Co Ltd
Kyowa Kirin Co Ltd
Levim Lifetech Pvt Ltd
Luye Pharma Group Ltd
Meitheal Pharmaceuticals Inc
Mochida Pharmaceutical Co Ltd
Mylan Inc
Novartis AG
Ocumension Therapeutics Co Ltd
Organon
Outlook Therapeutics Inc
Pangen Biotech Inc
Pfizer
Rani Therapeutics LLC
Roche
Sam Chun Dang Pharm Co Ltd
Samsung Bioepis Co Ltd
Samsung Biologics Co Ltd
Sandoz
Sanofi
Shanghai Henlius Biotech Inc
Shenzhen Hepalink Pharmaceutical Group Co Ltd
Sino Biopharmaceutical Ltd
Strides Pharma Science Ltd
Tanvex BioPharma Inc
Teva Pharmaceutical Industries Ltd
Torrent Investments Pvt Ltd
Torrent Pharmaceuticals Ltd
Viatris
Wockhardt Ltd
Xbrane Biopharma AB

Table of Contents

1. Executive Summary

2. Study Design

3. Biosimilars Overview

4. Biosimilars – Current and Future Uptake

5. Biosimilars Versus Biologics Use

6. Physician Attitude Towards Biosimilars

7. Deal-Making Activities in the Biosimilars Space

8. Future Considerations

9. Summary of Key Findings

10. Appendix

11. About the Authors

12. Contact Us

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