Latin America Biosimilars Market Size & Outlook, 2020-2027
Latin America biosimilars market, 2016-2027 (US$M)
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Latin America biosimilars market highlights
- The Latin America biosimilars market generated a revenue of USD 1,505.8 million in 2020.
- The market is expected to grow at a CAGR of 13.9% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 1,505.8 million |
| Market revenue in 2027 | USD 3,736.0 million |
| Growth rate | 13.9% (CAGR from 2020 to 2027) |
| Largest segment | Recombinant non-glycosylated proteins |
| Fastest growing segment | Recombinant Glycosylated Proteins |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 11.4% of the global biosimilars market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 17,204.5 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 54.26% in 2020. Horizon Databook has segmented the Latin America biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Latin America is anticipated to witness considerable growth owing to skilled and cheap labor, the boom in generics, and government coverage in medicines. The region has its own research, development, production and commercialization capacity.
The three most prominent biosimilar manufacturing countries in Latin America include Argentina, Brazil, and Mexico. Due to its population and market magnitude, Brazil is witnessing exponential growth in the biosimilars market. Some of the challenges faced in the biosimilars market in Latin America are high costs of R&D and short-term economies & policies.
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Our clientele includes a mix of biosimilars market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biosimilars market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America biosimilars market size, by country, 2016-2027 (US$M)
Latin America Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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