India Biosimilar Market is Predicted To Grow at a CAGR of 18.10% During 2025-2033

India Biosimilar Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 18.10% (2025-2033)

The India biosimilar market is growing rapidly, driven by rising healthcare demand, regulatory support, affordability, and increasing biologic drug adoption. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 18.10% from 2025 to 2033.

India Biosimilar Market Trends and Drivers:

The India biosimilar market is experiencing significant growth, driven by the increasing prevalence of chronic diseases such as cancer, diabetes, and autoimmune disorders, which require long-term biologic treatments. As original biologics remain costly, biosimilars provide a more affordable alternative, making advanced therapies accessible to a larger population.

Government initiatives aimed at enhancing healthcare accessibility and the rising adoption of biosimilars in public healthcare programs are further propelling market expansion. Additionally, the expiration of patents for several blockbuster biologic drugs has created opportunities for Indian pharmaceutical companies to develop and commercialize biosimilars both domestically and internationally.

Key market trends include advancements in biotechnological research, fostering the development of high-quality, cost-effective biosimilars. Indian pharmaceutical firms are heavily investing in R&D and forming strategic partnerships with global players to strengthen their biosimilar portfolios and expand their reach. Moreover, growing acceptance among healthcare professionals and patients, driven by increasing awareness and confidence in biosimilars’ safety and efficacy, is further supporting market adoption.

Regulatory authorities in India are streamlining approval processes to facilitate biosimilar development and commercialization, contributing to market growth. With the rising demand for affordable biologic therapies, the India biosimilar market is poised for rapid expansion, positioning the country as a key player in the global biosimilar industry.

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India Biosimilar Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Molecule:

  • Infliximab
  • Insulin Glargine
  • Epoetin Alfa
  • Etanercept
  • Filgrastim
  • Somatropin
  • Rituximab
  • Follitropin Alfa
  • Adalimumab
  • Pegfilgrastim
  • Trastuzumab
  • Bevacizumab
  • Others

Breakup by Indication Insights:

  • Auto-Immune Diseases
  • Blood Disorder
  • Diabetes
  • Oncology
  • Growth Deficiency
  • Female Infertility
  • Others

Breakup by Manufacturing Type:

  • In-house Manufacturing
  • Contract Manufacturing

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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February 2, 2025