The diverse applications of biosimilars for treatment of several chronic ailments, namely cancer and diabetes, the cost effectiveness of the drug due to which there is an increase in demand of biosimilar drugs has helped drive the growth of the market. However, the complexity involved in the process of manufacturing biosimilars and the availability of affordable generic drugs, are predicted to restrain the market. The leading players in the global biosimilars market are Dr. Reddy's Laboratories, Celltrion, Samsung Biologics, Pfizer, Sandoz International, Teva Pharmaceuticals, Amgen, Biocon , Stada Arzneimittel AG, and Mylan