Canada Biosimilars Market Size & Outlook, 2020-2027
Canada biosimilars market, 2016-2027 (US$M)
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Canada biosimilars market highlights
- The Canada biosimilars market generated a revenue of USD 889.9 million in 2020 and is expected to reach USD 3,714.5 million by 2027.
- The Canada market is expected to grow at a CAGR of 22.6% 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 889.9 million |
| Market revenue in 2027 | USD 3,714.5 million |
| Growth rate | 22.6% (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, Canada accounted for 6.7% 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 North America, U.S. biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,490.0 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 54.58% in 2020. Horizon Databook has segmented the Canada biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Rise in initiatives undertaken by the government to enhance adoption of biosimilars is anticipated to fuel market growth in the near future. For instance, in September 2018, the pan-Canadian Pharmaceutical Alliance issued Biologics Policy Directions & pCPA Negotiations, which outline its policies as applied to negotiations for reimbursement of biosimilars and biologics.
In addition, panCanadian Pharmaceutical Alliance collaborated with Cancer Care Ontario to create a pan-Canadian Oncology Biosimilars Initiative aimed at cost-effective and proper implementation of biosimilars in therapeutic oncology.
In addition, initiatives have been undertaken to improve efficiency of funding considerations regarding biosimilars. In June 2019, the Canadian Agency for Drugs and Technologies in Health announced that they would cease reviewing biosimilars through pan-Canadian Oncology Drug Review or the Common Drug Review.
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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 Canada biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Canada biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada biosimilars market size, by product, 2016-2027 (US$M)
Canada Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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