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Growth of Biosimilars Industry
The commercialization of many blockbusters biologic drugs is expected to lose patent protection in the upcoming years, opening vast opportunities for biosimilar products. Several pharmaceutical vendors are entering the biosimilars space and are engaged in the development of low-cost versions of popular biologics like monoclonal antibodies, hormones, cytokines, and clotting factors. Since protein A resin demonstrates high affinity and specificity for immunoglobulin G (IgG) molecules, it serves as an imperative technology in the downstream purification step of biosimilar manufacturing processes. The increasing biosimilars approvals and expanding global biosimilars market size will propel the demand for protein A resins from biosimilar companies. Many leading players are also focusing on enhancing protein A resin capabilities to fast-track the production of biosimilars. This is anticipated to substantially augment the growth of the protein A resin market in the foreseeable future.
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