Middle East & Africa Biosimilars Market Size & Outlook
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MEA biosimilars market highlights
- The MEA biosimilars market generated a revenue of USD 615.7 thousand in 2024.
- The market is expected to grow at a CAGR of 18.3% 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.
- Country-wise, Kuwait is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 615.7 thousand |
| Market revenue in 2033 | USD 2,762.5 thousand |
| Growth rate | 18.3% (CAGR from 2025 to 2033) |
| Largest segment | Monoclonal antibodies (mabs) |
| Fastest growing segment | Insulin & Analogues |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, MEA region accounted for 1.8% of the global biosimilars market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 33,695.2 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 |
Middle East & Africa 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 52.43% in 2024. Horizon Databook has segmented the Middle East & Africa 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.
Launch of new biosimilars in the region is one of the key factors anticipated to fuel market growth in the near future. For instance, in September 2019, Celltrion, Inc. launched a gastric and breast cancer biosimilar, Herzuma, in Iraq.
The company is preparing for the launch of biosimilars in other gulf countries, such as Israel, Jordan, Saudi Arabia, UAE, and Morocco. The biosimilar has gained about 80% market share in Morocco and is also distributed to various public health institutions in Jordan and Saudi Arabia.
In some low- and middle-income MEA countries, the medium availability of biosimilars can be attributed to various factors, such as absence of an assertive & proactive approach to establish infrastructure for biologic products, lack of awareness about various treatment pathways leading to low biosimilar uptake, and a robust regulatory framework that assures the approval of safe & efficacious biosimilars.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biosimilars market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biosimilars market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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MEA biosimilars market size, by country, 2021-2033 (US$K)
Middle East & Africa Biosimilars Market Outlook Share, 2024 & 2033 (US$K)
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