Australia Biosimilars Market Size & Outlook, 2020-2027
Australia biosimilars market, 2016-2027 (US$M)
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Australia biosimilars market highlights
- The Australia biosimilars market generated a revenue of USD 163.6 million in 2020 and is expected to reach USD 648.4 million by 2027.
- The Australia market is expected to grow at a CAGR of 21.7% 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 163.6 million |
| Market revenue in 2027 | USD 648.4 million |
| Growth rate | 21.7% (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, Australia accounted for 1.2% 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 Asia Pacific, China biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,725.1 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 53.48% in 2020. Horizon Databook has segmented the Australia biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
The Biosimilars market is expected to grow at a lucrative rate during the forecast period, owing to factors such as increasing government initiatives and increasing prevalence of cancer, autoimmune disease, psoriasis, growth hormone diseases & diabetes.
The Australian government supports and encourages such initiatives that increase use of biosimilars. The government is one of the key partners in the National Medicines Policy. As per the partnership agreement, the government provides timely and easy access to medicines that are comparatively cheap and facilitates affordability across all communities in Australia.
In addition to lower price, the government also maintains safety & quality standards that help build a responsible and viable medicines industry in Australia. As a part of the budget process of 2017, the government signed an agreement with the Generic and Biosimilar Medicines Association, the Pharmacy Guild of Australia, and Medicines Australia to implement biosimilar uptake drivers.
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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 Australia biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Australia biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Australia biosimilars market size, by product, 2016-2027 (US$M)
Australia Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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