Oncology Biosimilars Market is predicted to reach USD 9.3 billion at a CAGR of 9.20% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Oncology Biosimilars Market”.

The Oncology Biosimilars market is estimated to register a CAGR of 9.20% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Oncology Biosimilars market— Amgen Inc., Pfizer Inc., Celltrion Inc., Biocon Ltd., Samsung Bioepis Co., Ltd., Sandoz International GmbH, Teva Pharmaceutical Industries Ltd., Mylan N.V., Merck & Co., Inc., STADA Arzneimittel AG and Others.

Oncology Biosimilars Market Highlights

The global Oncology Biosimilars market is accounted to register a CAGR of 9.20% during the forecast period and is estimated to reach USD 9.3 billion by 2032.

The Oncology Biosimilars market is experiencing growth due to several factors. Firstly, the expiration of patents for biologic drugs has led to the development of biosimilar versions, offering cost-effective alternatives for cancer treatment. Additionally, the rising prevalence of cancer and the increasing demand for affordable treatment options further drive market expansion. Moreover, favorable regulatory pathways for biosimilars and growing acceptance by healthcare providers and patients contribute to the market's growth trajectory.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Oncology Biosimilars market 

Segment Analysis

The global Oncology Biosimilars market has been segmented based on Drug, Disease Indication and Distribution Channel.

On the basis of Drug, the market is segmented into G-CSF, Monoclonal Antibody and Hematopoietic Agents. The G-CSF segment captured the largest market share in the Oncology Biosimilars Market in 2023 due to their widespread use in cancer treatment. These biosimilars offer cost-effective alternatives to reference biologics for managing chemotherapy-induced neutropenia. Moreover, the availability of multiple G-CSF biosimilars, favorable reimbursement policies, and increasing adoption by healthcare providers contribute to their dominance in the market.

Based on Disease Indication, the global Oncology Biosimilars market has been segmented into Breast Cancer, Non-Small Cell Lung Cancer, Colorectal Cancer, Neutropenia, Blood Cancer, Leukemia (Myeloid Leukemia, Chronic Lymphocytic Leukemia, Non-Hodgkin Lymphoma) and Others. The breast cancer segment captured the largest market share in the Oncology Biosimilars Market in 2023 due to the high prevalence of breast cancer worldwide and the availability of biosimilar alternatives for widely used biologic therapies. Additionally, the increasing demand for cost-effective treatment options, favorable reimbursement policies, and the growing acceptance of biosimilars in oncology practice contributed to their dominance.

Based on Distribution Channel, the global Oncology Biosimilars market has been segmented into Hospital Pharmacy, Retail Pharmacy and Online Pharmacy. The Hospital Pharmacy segment captured the largest market share in the Oncology Biosimilars Market in 2023 due to its pivotal role in dispensing oncology treatments. Hospital pharmacies are often the primary source of biosimilar medications for cancer patients undergoing treatment. Moreover, these distribution channels ensure timely access to biosimilar therapies and provide comprehensive support services, contributing to their dominance in the market.

Regional Analysis

The global Oncology Biosimilars market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Oncology Biosimilars market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Oncology Biosimilars market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Oncology Biosimilars market comprises the Middle East, Africa, and Latin America.

North America captured the largest market share in the Oncology Biosimilars Market due to several factors. These include a well-established healthcare infrastructure, extensive adoption of biosimilar therapies, and supportive regulatory frameworks facilitating biosimilar approvals. Additionally, the region benefits from high healthcare expenditure, strong research and development capabilities, and favorable reimbursement policies, contributing to North America's dominance in the Oncology Biosimilars Market.

Europe secured the second-largest market share in the Oncology Biosimilars Market due to factors such as robust regulatory pathways for biosimilar approval, extensive healthcare coverage, and a strong emphasis on cost containment measures. Additionally, Europe benefits from a well-established biosimilars market, widespread acceptance of biosimilar therapies by healthcare providers, and a high prevalence of cancer, contributing to its prominence in the market.

Asia Pacific is experiencing the highest compound annual growth rate (CAGR) in the Oncology Biosimilars Market due to factors such as increasing cancer prevalence, rising healthcare expenditure, and expanding access to biosimilar therapies. Moreover, supportive government initiatives, growing acceptance of biosimilars, and investments in healthcare infrastructure contribute to the region's significant growth potential in the oncology biosimilars market.

Furthermore, the rest of the world's Oncology Biosimilars market is divided into the Middle East, Africa, and Latin America. The rest of the world is witnessing growth in the Oncology Biosimilars market due to factors such as improving access to healthcare, rising cancer prevalence, and increasing adoption of biosimilar therapies. Additionally, partnerships between pharmaceutical companies and local healthcare providers further drive market expansion in these regions.

Key Findings of the Study

• The global Oncology Biosimilars market is expected to reach USD 9.3 billion by 2032, at a CAGR of 9.20% during the forecast period.


• The Asia Pacific region is experiencing rapid growth in the Oncology Biosimilars market due to increasing cancer prevalence, rising healthcare expenditure, and expanding access to biosimilar therapies, driving significant market expansion.


• Based on Distribution Channel, the Hospital Pharmacy segment was attributed to holding the largest market in 2023, with an approximate market share of 35–55%.


• Amgen Inc., Pfizer Inc., Celltrion Inc., Biocon Ltd., Samsung Bioepis Co., Ltd., Sandoz International GmbH, Teva Pharmaceutical Industries Ltd., Mylan N.V., Merck & Co., Inc., STADA Arzneimittel AG and Others are the key market players.