South Africa Biosimilars Market Size & Outlook, 2020-2027
South Africa biosimilars market, 2016-2027 (US$M)
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South Africa biosimilars market highlights
- The South Africa biosimilars market generated a revenue of USD 266.0 million in 2020 and is expected to reach USD 696.6 million by 2027.
- The South Africa market is expected to grow at a CAGR of 14.7% 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 266.0 million |
| Market revenue in 2027 | USD 696.6 million |
| Growth rate | 14.7% (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, South Africa accounted for 2.0% 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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South 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.
Recombinant non-glycosylated proteins was the largest segment with a revenue share of 54.62% in 2020. Horizon Databook has segmented the South Africa 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 product approvals is anticipated to boost market growth in the near future. For instance, in August 2018, Teva Pharmaceuticals and Cipla collaborated to launch South Africa’s first biosimilar, Filgrastim.
This biosimilar—manufactured by Teva & marketed by Cipla in the country—is indicated for chemotherapy-induced neutropenia. The introduction of filgrastim in South Africa was expected to reduce the cost of neutropenia treatment.
According to a study published in The Lancet, by 2030, there is estimated to be an 85% increase in the number of cancer cases in sub-Saharan Africa. Therefore, increase in product approvals is expected to fuel South Africa’s adoption 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa biosimilars market size, by product, 2016-2027 (US$M)
South Africa Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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