UK Biosimilars Market Size & Outlook, 2020-2027
UK biosimilars market, 2016-2027 (US$M)
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UK biosimilars market highlights
- The UK biosimilars market generated a revenue of USD 839.3 million in 2020 and is expected to reach USD 2,105.2 million by 2027.
- The UK 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 839.3 million |
| Market revenue in 2027 | USD 2,105.2 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, UK accounted for 6.3% 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 Europe, Germany biosimilars market is projected to lead the regional market in terms of revenue in 2027.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,105.2 million by 2027.
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Biosimilars Market Scope
Biosimilars Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 54.34% in 2020. Horizon Databook has segmented the UK biosimilars market based on recombinant non-glycosylated proteins, recombinant glycosylated proteins covering the revenue growth of each sub-segment from 2016 to 2027.
Government initiatives to increase the awareness regarding adoption of biosimilars are a major factor anticipated to propel the UK market. For instance, in November 2017, the National Institute for Health Research launched an awareness campaign called Focus on Biosimilars, which showcased benefits of biosimilars in National Health Service through clinical trials.
About six out of ten medicines prescribed by a healthcare professional in the UK are biologics. With the rise in patent expirations in the country, the government wants to focus on developing less expensive versions of biologics. In addition, adoption of biosimilars in the UK is comparatively low (about 30%) despite the country being one of the largest markets for generics in Europe.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK biosimilars market , including forecasts for subscribers. This country databook contains high-level insights into UK biosimilars market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK biosimilars market size, by product, 2016-2027 (US$M)
UK Biosimilars Market Outlook Share, 2020 & 2027 (US$M)
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