India Biosimilars Market Size & Outlook, 2025-2033
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India biosimilars market highlights
- The India biosimilars market generated a revenue of USD 1,073.8 thousand in 2024 and is expected to reach USD 5,947.2 thousand by 2033.
- The India market is expected to grow at a CAGR of 21.1% from 2025 to 2033.
- In terms of segment, monoclonal antibodies (mabs) was the largest revenue generating drug class in 2024.
- Insulin & Analogues is the most lucrative drug class segment registering the fastest growth during the forecast period.
Biosimilars market data book summary
| Market revenue in 2024 | USD 1,073.8 thousand |
| Market revenue in 2033 | USD 5,947.2 thousand |
| Growth rate | 21.1% (CAGR from 2025 to 2033) |
| Largest segment | Monoclonal antibodies (mabs) |
| Fastest growing segment | Insulin & Analogues |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Monoclonal Antibodies (mAbs), Growth Factors & Hematopoietic Agents, Insulin & Analogues, Osteoporosis / Bone Metabolism Agents, Others Drug Class |
| 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, India accounted for 3.2% of the global biosimilars market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China biosimilars market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,947.2 thousand by 2033.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sandoz Group AG ADR | View profile | - | - | - |
| Biocon | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.biocon.com |
| Samsung Bioepis | View profile | 501-1000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbioepis.com |
| Celltrion Healthcare | View profile | 51-100 | Incheon, Inch'on-jikhalsi, South Korea, Asia | http://www.celltrionhealthcare.com/ |
| Viatris Inc | View profile | 38000 | 1000 Mylan Boulevard, Canonsburg, PA, United States, 15317 | https://www.viatris.com |
| Roche | View profile | 10001+ | Basel, Basel-Stadt, Switzerland, Europe | http://www.roche.com |
| Dr. Reddy’s Laboratories | View profile | 10001+ | Hyderabad, Andhra Pradesh, India, Asia | http://www.drreddys.com/ |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
| Amgen Inc | View profile | 26700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | https://www.amgen.com |
| Teva Pharmaceutical Industries Ltd | View profile | 37851 | 124 Dvora HaNevi’a Street, Tel Aviv, Israel, 6944020 | https://www.tevapharm.com |
India 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.
Monoclonal antibodies (mabs) was the largest segment with a revenue share of 53.73% in 2024. Horizon Databook has segmented the India biosimilars market based on monoclonal antibodies (mabs), growth factors & hematopoietic agents, insulin & analogues, osteoporosis / bone metabolism agents, others drug class covering the revenue growth of each sub-segment from 2021 to 2033.
Increase in government initiatives is a major factor anticipated to propel India’s market over the forecast period. For instance, the National Biotechnology Regulatory Authority Bill is expected to streamline the approval process of biosimilars.
Currently, various companies seeking to market their biosimilars in the country have to seek approval from multiple government agencies, thereby increasing the time required to reach the market. Thus, a clear pathway is anticipated to reduce cost and complexity of the approval process.
Other growth factors include rise in cost of treatments due to the use of biologic drugs, which can result in increased adoption of affordable biosimilars. The market for biosimilars is expected to shift toward cardiac diseases, cancers, and diabetes, which have treatment options that include complex biotech drugs.
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Target buyers of India biosimilars market databook
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Our clientele includes a mix of biosimilars market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into India biosimilars market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India biosimilars market size, by drug class, 2021-2033 (US$K)
India Biosimilars Market Outlook Share, 2024 & 2033 (US$K)
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