17 April 2017 - - Biosimilars are driving rapid double-digit growth in the biopharmaceutical analytical instrumentation market, according to a new report from consulting firm Frost and Sullivan.

This is driven by patent expiration, increasing regulatory approvals, government support, and hospitals and doctors prescribing biosimilars.

In turn, the need for analytical instruments for characterization requirements will grow. Manufacturers should expand their capabilities by adopting innovative analytical instrumentation technology and customer awareness.

Global Biopharmaceutical Analytical Instrumentation Market, Forecast to 2022, a recent analysis from Frost and Sullivan's Test and Measurement Growth Partnership Subscription, finds that the market generated revenues of USD 1.092bn in 2015, and this is expected to grow at a compound annual growth rate of 7.2 % until 2022.

The global biosimilars segment is expected to reach USD 35bn in 2025, with an average annual growth rate of 27.1%, is expected to drive the growth of biopharmaceutical analytical instrumentation market.

From a regional perspective, biologic drugs and biosimilars will have steady growth in North America because of expanding applications in treating conditions such as diabetes and cancer.

The European market will be driven by blockbuster drug patent losses, while India will become a provider of biosimilars as it has the necessary research and development capabilities and infrastructure.

Technological advancements in analytical instruments will be driven by a need for intuitive software with data analytics and big data functionality to convert biopharmaceutical analysis data into meaningful information.

Demand for laboratory information management systems to manage, archive, and compare the data processed from the beginning, as the biopharmaceutical market reaches a relatively developed phase will also grow this market.

It will be driven by a need for a combination of sensitive instruments, smart software, and advanced methods to drive successful deployment of practices since biopharmaceutical processes can be complex.

Key competitive factors such as powerful software, global presence, instrument accuracy and high throughput systems that will push vendors to differentiate their products via cost, performance, support, technology, reliability, and customer relationship strategies will drive growth in the market as well.