Asia Pacific Biosimilars Market Size & Outlook, 2020-2027
Asia Pacific biosimilars market, 2016-2027 (US$M)
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Asia Pacific biosimilars market highlights
- The Asia Pacific biosimilars market generated a revenue of USD 3,074.8 million in 2020.
- The market is expected to grow at a CAGR of 22% 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.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 3,074.8 million |
| Market revenue in 2027 | USD 12,398.0 million |
| Growth rate | 22% (CAGR from 2020 to 2027) |
| Largest segment | Recombinant non-glycosylated proteins |
| Fastest growing segment | Recombinant Glycosylated Proteins |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Asia Pacific region accounted for 23.3% of the global biosimilars market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 17,204.5 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 53.86% in 2020. Horizon Databook has segmented the Asia Pacific biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific accounted for a major market share in 2019 owing to the growing demand for less expensive therapeutic products and high prevalence of chronic diseases are contributing to the regional market growth. Increasing focus on product developments in countries including China, India, and South Korea is another major factor anticipated to drive the market in this region.
Also, rising urbanization, an increasingly aging population and lifestyle changes in Asia Pacific have also led to the growing incidence of non-communicable diseases such as cancer, diabetes and autoimmune disorders.
South Korea has been more aggressive in the development of biosimilars, also China has been providing generous funding for the development of biotechnology industry which includes biosimilars and an additional USD 11.8 billion was funded for the duration 2015-2020 in order to advance innovations in the biotechnology sector.
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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 continent-level data and insights on the Asia Pacific biosimilars market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific biosimilars market size, by country, 2016-2027 (US$M)
Asia Pacific Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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