Market Forecast By Product (Insulin, Follitropin, Calcitonin, Glucagon, Teriparatide, Others), By Indication (Oncology, Offsite Treatment, Chronic Disorders, Blood Disorders, Infectious Diseases, Others), By Manufacturing (Outsourced, In-house) And Competitive Landscape
Product Code: ETC069971 | Publication Date: Jun 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Biosimilars Market report thoroughly covers the market by product, by indication, and by manufacturing. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt biosimilars market is gaining traction as it offers a cost-effective alternative to expensive biologic drugs. As the country grapples with rising healthcare costs and an increasing burden of chronic diseases, biosimilars are being touted as a solution to improve accessibility to essential medications. The market is driven by a growing demand for affordable healthcare solutions, supportive government policies, and the patent expiration of several blockbuster biologic drugs, which has opened the door for biosimilar manufacturers.
According to 6Wresearch, the Egypt Biosimilars Market size is expected to grow at a CAGR of 6.3% during the forecast period 2025-2031. The primary drivers of biosimilar adoption in Egypt include economic factors such as the high cost of patented biologics, leading to a push for more affordable biosimilar alternatives. Increased prevalence of chronic diseases such as diabetes and cancer also necessitates a more cost-effective drug provision. Government initiatives promote the biosimilar industry through policy reforms and direct investments, creating a favorable business environment and incentivizing local production. Also, increasing local biosimilar manufacturing capability is observable. This is likely to lessen the dependency on imported drugs and establish Egypt as a regional hub for pharmaceutical innovation. The alignment of biosimilars with national health goals is further encouraging public-private partnerships. These collaborations pave the way for improving manufacturing standards, and sharing of technological expertise. These are some factors estimated to boost the Egypt Biosimilars Market growth.
The Egyptian government has launched several initiatives aimed at bolstering the biosimilars market. The favorable regulatory reforms, which simplify the approval pathways for biosimilars, while still maintaining international safety standards. Financial incentives, such as tax breaks and funding for research and development, are also being provided to encourage local production and attract foreign investment.
The market is witnessing the emergence of significant players, both local and international. Companies like Minapharm Pharmaceuticals and Amoun Pharmaceutical Company have taken the lead in developing and marketing biosimilars within Egypt. These key players are investing in R&D and forming strategic alliances to enhance their market presence.
The Egypt biosimilars industry is poised for considerable growth. As regulatory frameworks become more streamlined and the market more educated about biosimilars, acceptance and usage are expected to rise. Continued government support and investment in healthcare infrastructure will likely further fuel market growth.
According to Dhaval, Research Manager, 6Wresearch, insulin represents a particularly growing segment. Owing to the rising prevalence of diabetes across the nation, coupled with increasing push for affordable treatment options, biosimilar insulins are gaining considerable traction.
Based on the indication, oncology is dominating the Egypt Biosimilars Market share. The rising incidence of cancer in the population, along with the high cost associated with originator oncology treatments, steers the demand for more accessible and affordable biosimilar options.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Biosimilars Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Biosimilars Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Biosimilars Market - Industry Life Cycle |
3.4 Egypt Biosimilars Market - Porter's Five Forces |
3.5 Egypt Biosimilars Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Egypt Biosimilars Market Revenues & Volume Share, By Indication, 2021 & 2031F |
3.7 Egypt Biosimilars Market Revenues & Volume Share, By Manufacturing, 2021 & 2031F |
4 Egypt Biosimilars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Biosimilars Market Trends |
6 Egypt Biosimilars Market, By Types |
6.1 Egypt Biosimilars Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Egypt Biosimilars Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Egypt Biosimilars Market Revenues & Volume, By Insulin, 2021 - 2031F |
6.1.4 Egypt Biosimilars Market Revenues & Volume, By Follitropin, 2021 - 2031F |
6.1.5 Egypt Biosimilars Market Revenues & Volume, By Calcitonin, 2021 - 2031F |
6.1.6 Egypt Biosimilars Market Revenues & Volume, By Glucagon, 2021 - 2031F |
6.1.7 Egypt Biosimilars Market Revenues & Volume, By Teriparatide, 2021 - 2031F |
6.1.8 Egypt Biosimilars Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Egypt Biosimilars Market, By Indication |
6.2.1 Overview and Analysis |
6.2.2 Egypt Biosimilars Market Revenues & Volume, By Oncology, 2021 - 2031F |
6.2.3 Egypt Biosimilars Market Revenues & Volume, By Offsite Treatment, 2021 - 2031F |
6.2.4 Egypt Biosimilars Market Revenues & Volume, By Chronic Disorders, 2021 - 2031F |
6.2.5 Egypt Biosimilars Market Revenues & Volume, By Blood Disorders, 2021 - 2031F |
6.2.6 Egypt Biosimilars Market Revenues & Volume, By Infectious Diseases, 2021 - 2031F |
6.2.7 Egypt Biosimilars Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Egypt Biosimilars Market, By Manufacturing |
6.3.1 Overview and Analysis |
6.3.2 Egypt Biosimilars Market Revenues & Volume, By Outsourced, 2021 - 2031F |
6.3.3 Egypt Biosimilars Market Revenues & Volume, By In-house, 2021 - 2031F |
7 Egypt Biosimilars Market Import-Export Trade Statistics |
7.1 Egypt Biosimilars Market Export to Major Countries |
7.2 Egypt Biosimilars Market Imports from Major Countries |
8 Egypt Biosimilars Market Key Performance Indicators |
9 Egypt Biosimilars Market - Opportunity Assessment |
9.1 Egypt Biosimilars Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Egypt Biosimilars Market Opportunity Assessment, By Indication, 2021 & 2031F |
9.3 Egypt Biosimilars Market Opportunity Assessment, By Manufacturing, 2021 & 2031F |
10 Egypt Biosimilars Market - Competitive Landscape |
10.1 Egypt Biosimilars Market Revenue Share, By Companies, 2024 |
10.2 Egypt Biosimilars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |