Saudi Arabia Biosimilars Market Size & Outlook, 2020-2027
Saudi Arabia biosimilars market, 2016-2027 (US$M)
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Saudi Arabia biosimilars market highlights
- The Saudi Arabia biosimilars market generated a revenue of USD 151.0 million in 2020 and is expected to reach USD 377.1 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 14% 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 151.0 million |
| Market revenue in 2027 | USD 377.1 million |
| Growth rate | 14% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, South Africa biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 696.6 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 54.3% in 2020. Horizon Databook has segmented the Saudi Arabia biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Saudi Arabia has a guideline on quality requirements for biosimilars and a pricing system for their development. In addition, the country has adopted similar efficacy and safety requirements as that of the EMA.
According to Saudi Arabia's Ministry of Health, the variability of biosimilars can be reduced by the introduction of master cell banks, which is anticipated to have a significant impact on biosimilars market in the near future.
To facilitate this approach, the government is anticipated to undertake various R&D initiatives and increase investments in master cell banks to ensure global harmonization of biosimilars. The Saudi Food and Drug Authority is responsible for the approval of biosimilars.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biosimilars market size, by product, 2016-2027 (US$M)
Saudi Arabia Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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