Italy Biosimilars Market Size & Outlook, 2020-2027
Italy biosimilars market, 2016-2027 (US$M)
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Italy biosimilars market highlights
- The Italy biosimilars market generated a revenue of USD 294.3 million in 2020 and is expected to reach USD 722.4 million by 2027.
- The Italy market is expected to grow at a CAGR of 13.7% 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 294.3 million |
| Market revenue in 2027 | USD 722.4 million |
| Growth rate | 13.7% (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, Italy accounted for 2.2% 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 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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Italy 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 53.79% in 2020. Horizon Databook has segmented the Italy biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
The uptake of biosimilars in Italy increased over the past few years, owing to healthcare policy interventions that promote adoption of biosimilars at a regional level and various tender procedures that encourage purchase of biosimilars by hospitals. In addition, the switch from biologics to biosimilars is quite frequent during the first year of treatment.
The Italian Ministry of Health conducted a study to check effectiveness of biosimilars and biologics; results showcased comparable effectiveness during treatment procedures. According to Italian Biosimilar Group, Italy, the adoption of biosimilars increased over the recent years, with an estimated annual growth of over 74% between 2016 and 2017.
This shows that physicians have increased the prescription of biosimilars to make treatment options accessible and affordable. Therefore, growth of benefits provided by biosimilars, such as cost-effectiveness and similar levels of efficacy, as compared to biologic drugs is anticipated to fuel market growth in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Italy biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Italy biosimilars market size, by product, 2016-2027 (US$M)
Italy Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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