Germany Biosimilars Market Size & Outlook, 2020-2027
Germany biosimilars market, 2016-2027 (US$M)
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Germany biosimilars market highlights
- The Germany biosimilars market generated a revenue of USD 1,460.3 million in 2020 and is expected to reach USD 3,347.3 million by 2027.
- The Germany market is expected to grow at a CAGR of 12.6% 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 1,460.3 million |
| Market revenue in 2027 | USD 3,347.3 million |
| Growth rate | 12.6% (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, Germany accounted for 11.0% 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 Europe, Germany biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,105.2 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 54.63% in 2020. Horizon Databook has segmented the Germany biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Government initiatives to increase the adoption of biosimilars is anticipated to boost market growth in Germany. For instance, in November 2018, the German Federal Ministry of Health released a draft legislation to enhance the security regarding the supply of drugs, which included the supply of biosimilars.
The law states that pharmacists in Germany are obliged or entitled to substitute a biologic drug only if it is obtained through a manufacturing process identical to that of the reference pharmaceutical. This initiative was undertaken by the government to encourage the use of biosimilar drugs.
The Federal Joint Committee, as per the proposals, is entitled to specify substitution of biosimilars. Measures have been taken at regional levels to increase the prescription of biosimilars.
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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 Germany biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Germany biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany biosimilars market size, by product, 2016-2027 (US$M)
Germany Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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