STAT Plus: Debates over biosimilar uptake notwithstanding, sales growth should accelerate by 2024
Despite various issues that have slowed biosimilar uptake by the U.S. health care system, usage is expected to accelerate over the next few years and the overall sales generated by these medicines are forecast to nearly triple to roughly $2.5 billion by 2024, a new analysis suggested.
The optimistic outlook reflects several factors, although some remain unsettled. A key contributor is the effort by the Food and Drug Administration to approve a growing number of biosimilars, which are nearly identical variants of pricey brand-name biologic medicines that are expected to cost less but yield the same health outcomes. So far, the agency has approved 26 such medicines.
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