Singapore Biosimilars Market Size & Outlook, 2020-2027
Singapore biosimilars market, 2016-2027 (US$M)
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Singapore biosimilars market highlights
- The Singapore biosimilars market generated a revenue of USD 99.6 million in 2020 and is expected to reach USD 399.2 million by 2027.
- The Singapore market is expected to grow at a CAGR of 21.9% 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.
Biosimilars market data book summary
| Market revenue in 2020 | USD 99.6 million |
| Market revenue in 2027 | USD 399.2 million |
| Growth rate | 21.9% (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, Singapore accounted for 0.8% 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 Asia Pacific, China biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,725.1 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 53.21% in 2020. Horizon Databook has segmented the Singapore biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Increase in initiatives undertaken by major market players is expected to boost market growth during the forecast period. For instance, in April 2014, Novartis announced the establishment of a USD 500 million manufacturing facility in Singapore to produce biosimilars as well as biologics.
In addition, the headquarters of Sandoz in Asia Pacific announced that it will be concentrating on the development of generics and biosimilars in Singapore.
Singapore’s encouraging corporate governance practices, stable government, global logistics connectivity, strong intellectual property protection policies, and highly skilled workforce are expected to enhance the R&D of biosimilars over the forecast period.
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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 country-level data and insights on the Singapore biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into Singapore biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Singapore biosimilars market size, by product, 2016-2027 (US$M)
Singapore Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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