Argentina Biosimilars Market Size & Outlook, 2020-2027
Argentina biosimilars market, 2016-2027 (US$M)
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Argentina biosimilars market highlights
- The Argentina biosimilars market generated a revenue of USD 147.6 million in 2020 and is expected to reach USD 369.9 million by 2027.
- The Argentina market is expected to grow at a CAGR of 14% from 2021 to 2027.
- In terms of segment, recombinant non-glycosylated proteins was the largest revenue generating product in 2020.
- Recombinant Glycosylated Proteins is the most lucrative product segment registering the fastest growth during the forecast period.
Biosimilars market data book summary
| Market revenue in 2020 | USD 147.6 million |
| Market revenue in 2027 | USD 369.9 million |
| Growth rate | 14% (CAGR from 2020 to 2027) |
| Largest segment | Recombinant non-glycosylated proteins |
| Fastest growing segment | Recombinant Glycosylated Proteins |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Recombinant Non-Glycosylated Proteins, Recombinant Glycosylated Proteins |
| 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 1.1% of the global biosimilars market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,418.9 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
Recombinant non-glycosylated proteins was the largest segment with a revenue share of 54.07% in 2020. Horizon Databook has segmented the Argentina biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
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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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 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Argentina biosimilars market size, by product, 2016-2027 (US$M)
Argentina Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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