Middle East and Africa Biosimilars Market Outlook Analysis to 2025 | Research Cosmos

Middle East and Africa Biosimilars Market Size, Growth rate:

The Middle East and Africa Biosimilars Market was valued at USD 344.8 million in 2018 and projected to reach USD 2,091.01 million by 2025 growing at a CAGR of 29.79% during the forecast period 2018 to 2025.

Drivers, Challenges and Opportunities:

The increase in the elderly population is an important factor that has been identified to promote the biosimilar market. The emergence of non-patented organic products is one of the key factors that will drive the growth of the market in Middle-East & Africa. Demand is expected to increase significantly over the next few years. In addition, the Middle-East & Africa market is expected to see an increase in the growth of other diseases.

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However, high manufacturing costs and complexity can hinder biosimilar production. In addition, the use of affordable generic drugs in the market can hinder sales of biosimilars. The major limitation of the manufacturer is to establish bioequivalence through in-depth analysis. Also, large-scale investments in large-scale R&D, long development processes, and cost-effectiveness requirements significantly limit the growth of the biosimilars market in Middle-East & Africa.

Incorporating development plans into regulatory guidelines and adopting optimal commercial strategies will play a crucial role in the commercial growth of the biosimilars market in this region in the coming years.

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Geographic Segmentation:

By region, the market for Middle-East & Africa biosimilars is divided into Saudi Arabia, Iran, Egypt, South Africa, Oman and the rest of the Middle East and Africa. Due to the availability of skilled labor, relatively lower manufacturing costs and less complex regulatory measures, it is expected that the biosimilars market in these countries will experience significant growth in the near future.

Major Players Covered in this Middle East and Africa Biosimilars Market report are: Amgen Inc; F. Hoffmann-La Roche Ltd. Sandoz International GmbH; Dr. Reddy's Laboratories Ltd. Teva Pharmaceutical Industries Ltd; Pfizer Inc; Samsung Bioepis; Biocon and Mylan N.V.

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