Brazil Biosimilars Market Size & Outlook, 2020-2027
Brazil biosimilars market, 2016-2027 (US$M)
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Brazil biosimilars market highlights
- The Brazil biosimilars market generated a revenue of USD 536.8 million in 2020 and is expected to reach USD 1,418.9 million by 2027.
- The Brazil market is expected to grow at a CAGR of 14.9% 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 536.8 million |
| Market revenue in 2027 | USD 1,418.9 million |
| Growth rate | 14.9% (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, Brazil accounted for 4.1% 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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Brazil 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 54.62% in 2020. Horizon Databook has segmented the Brazil biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Growing number of product approvals is a major factor expected to propel the market in the near future. For instance, in December 2017, the biosimilar Trastuzumab was approved by ANVISA, the Brazilian regulatory agency. It was approved through partner company Libbs Farmaceutica.
Trastuzumab was codeveloped by Biocon Ltd. & Mylan N.V. and is one the first biosimilars to be approved in Brazil for the treatment of breast cancer, early-stage breast cancer, & advanced gastric cancer.
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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 Brazil biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil biosimilars market size, by product, 2016-2027 (US$M)
Brazil Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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