Argentina Biosimilars Market Size & Outlook, 2025-2033
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Argentina biosimilars market highlights
- The Argentina biosimilars market generated a revenue of USD 316.3 thousand in 2024 and is expected to reach USD 1,232.3 thousand by 2033.
- The Argentina market is expected to grow at a CAGR of 16.5% from 2025 to 2033.
- In terms of segment, monoclonal antibodies (mabs) was the largest revenue generating drug class in 2024.
- Insulin & Analogues is the most lucrative drug class segment registering the fastest growth during the forecast period.
Biosimilars market data book summary
| Market revenue in 2024 | USD 316.3 thousand |
| Market revenue in 2033 | USD 1,232.3 thousand |
| Growth rate | 16.5% (CAGR from 2025 to 2033) |
| Largest segment | Monoclonal antibodies (mabs) |
| Fastest growing segment | Insulin & Analogues |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Monoclonal Antibodies (mAbs), Growth Factors & Hematopoietic Agents, Insulin & Analogues, Osteoporosis / Bone Metabolism Agents, Others Drug Class |
| Key market players worldwide | Amgen Inc, Roche, Sandoz Group AG ADR, Dr. Reddy’s Laboratories, Teva Pharmaceutical Industries Ltd, Pfizer Inc, Samsung Bioepis, Biocon, Viatris Inc, Celltrion Healthcare, AbbVie Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global biosimilars market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil biosimilars market is projected to lead the regional market in terms of revenue in 2033.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,221.7 thousand by 2033.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sandoz Group AG ADR | View profile | - | - | - |
| Biocon | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.biocon.com |
| Samsung Bioepis | View profile | 501-1000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbioepis.com |
| Celltrion Healthcare | View profile | 51-100 | Incheon, Inch'on-jikhalsi, South Korea, Asia | http://www.celltrionhealthcare.com/ |
| Viatris Inc | View profile | 38000 | 1000 Mylan Boulevard, Canonsburg, PA, United States, 15317 | https://www.viatris.com |
| Roche | View profile | 10001+ | Basel, Basel-Stadt, Switzerland, Europe | http://www.roche.com |
| Dr. Reddy’s Laboratories | View profile | 10001+ | Hyderabad, Andhra Pradesh, India, Asia | http://www.drreddys.com/ |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
| Amgen Inc | View profile | 26700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | https://www.amgen.com |
| Teva Pharmaceutical Industries Ltd | View profile | 37851 | 124 Dvora HaNevi’a Street, Tel Aviv, Israel, 6944020 | https://www.tevapharm.com |
Argentina biosimilars market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosimilars market will help companies and investors design strategic landscapes.
Monoclonal antibodies (mabs) was the largest segment with a revenue share of 51.63% in 2024. Horizon Databook has segmented the Argentina biosimilars market based on monoclonal antibodies (mabs), growth factors & hematopoietic agents, insulin & analogues, osteoporosis / bone metabolism agents, others drug class covering the revenue growth of each sub-segment from 2021 to 2033.
Since 2011, Argentina has a well-established pathway for licensing biosimilars and is also one of the major producers of biosimilars in Latin America. Well-defined clinical and non‐clinical data is one of the requirements for approval of products. The established legislation states that it is not necessary for biosimilar drugs to undergo similar clinical rigor followed by innovative drugs.
Biosimilar approvals in the country have similar requirements as mentioned by WHO. Two biosimilars have been approved to date in Argentina. Novex (Rituximab) has undergone a study for lymphoma but is not published in a peer-reviewed journal, whereas no study for its efficacy in treating rheumatoid arthritis has been done yet.
The National Administration of Drugs, Foods and Medical Devices (ANMAT) granted the authorization to commercialize biosimilar Novex prior to the completion of its clinical trials. There have been various initiatives undertaken by the government to increase the adoption of biosimilars. For instance, the country invested USD 2.4 million in the development of monoclonal antibodies at lower costs.
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Our clientele includes a mix of biosimilars market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Argentina biosimilars market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Argentina biosimilars market size, by drug class, 2021-2033 (US$K)
Argentina Biosimilars Market Outlook Share, 2024 & 2033 (US$K)
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