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: ETC069960 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Qatar Biosimilars Market |
Forecast period | 2025-2031 |
CAGR | 5.34% |
Growing Sector | Pharmaceutical |
Qatar 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.
Qatar Biosimilars Market is booming, and the country is poised to become a leading market for biosimilars in the region. The factors driving the growth of the market include the increasing healthcare expenditure, the aging population, the growing pharmaceutical industry, and the ongoing healthcare reforms.
According to 6Wresearch, the Qatar Biosimilars Market size is expected to grow at a CAGR of 5.34% during the forecast period of 2025-2031. The biosimilars market in Qatar is expected to grow significantly over the next few years. The growing demand for affordable and advanced therapies is driving the market. One of the major trends in the Qatar Biosimilars Industry is the increasing focus on research and development activities. Biosimilar manufacturers are investing in innovative and advanced technologies to improve their manufacturing processes and increase efficiency. However, there are significant challenges in the biosimilars market in Qatar. One of the key challenges is the lack of awareness and resistance to biosimilars from physicians, patients, and healthcare providers. Additionally, regulatory challenges and competition from established biologic drugs are also hindering the growth of the biosimilars market in Qatar.
Despite the challenges and barriers, the biosimilars market in Qatar presents enormous opportunities for growth. The government's focus on improving healthcare infrastructure and increasing healthcare access is a significant opportunity for biosimilar manufacturers. Additionally, the growing demand for affordable and effective therapies is also an opportunity for biosimilar manufacturers to expand their product portfolio and reach a broader audience. Collaborations with domestic and international players and product differentiation strategies are other opportunities to explore in the biosimilars market.
The government has been introducing several policies and schemes to promote the Qatar Biosimilars Market Growth and reduce healthcare costs. One such initiative is the compulsory generic substitution (CGS) policy which mandates pharmacies to replace branded biologics with biosimilars after the approval of the treating physician. The government has also launched the Qatar National Health Strategy, which includes a biosimilars initiative aimed at expanding the use of biosimilars, reducing healthcare expenditure, and improving access to biologics. Additionally, the government has initiated a centralized procurement program that enables health institutions to procure biosimilars at a lower price.
Some of the major companies operating in the market include Pfizer Inc., Novartis International AG, Amgen Inc., Teva Pharmaceutical Industries Ltd., and Sanofi SA. These companies have been investing heavily in research and development to launch new biosimilars and acquire regulatory approvals. Pfizer, for instance, launched Ruxience, a biosimilar for Rituxan and has several other biosimilars in the pipeline.
The Qatar biosimilars market is poised for significant growth in the coming years due to the increasing prevalence of chronic diseases, rising healthcare costs, and the government's efforts to promote biosimilars. The availability of biosimilars at lower prices, coupled with the CGS policy, is expected to drive the adoption of biosimilars in the country. In addition, the growing demand for biosimilars is also attracting major pharmaceutical companies to enter the market and invest in R&D. The increasing focus on precision medicine and individualized treatments is also expected to boost the demand for biosimilars in the country.
According to Mayank, Senior Research Analyst, 6Wresearch, oncology is anticipated to dominate the Qatar Biosimilars Market Share due to the high prevalence of cancer in Qatar, the demand for biosimilars for oncological treatments is continuously rising.
Based on Manufacturing, Outsourced manufacturing refers to companies that outsource their manufacturing processes to contract research organizations (CROs). On the other hand, in-house production means that companies produce biosimilars in their own facilities.
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 Qatar Biosimilars Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Biosimilars Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Biosimilars Market - Industry Life Cycle |
3.4 Qatar Biosimilars Market - Porter's Five Forces |
3.5 Qatar Biosimilars Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Qatar Biosimilars Market Revenues & Volume Share, By Indication, 2021 & 2031F |
3.7 Qatar Biosimilars Market Revenues & Volume Share, By Manufacturing, 2021 & 2031F |
4 Qatar Biosimilars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Biosimilars Market Trends |
6 Qatar Biosimilars Market, By Types |
6.1 Qatar Biosimilars Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Qatar Biosimilars Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Qatar Biosimilars Market Revenues & Volume, By Insulin, 2021 - 2031F |
6.1.4 Qatar Biosimilars Market Revenues & Volume, By Follitropin, 2021 - 2031F |
6.1.5 Qatar Biosimilars Market Revenues & Volume, By Calcitonin, 2021 - 2031F |
6.1.6 Qatar Biosimilars Market Revenues & Volume, By Glucagon, 2021 - 2031F |
6.1.7 Qatar Biosimilars Market Revenues & Volume, By Teriparatide, 2021 - 2031F |
6.1.8 Qatar Biosimilars Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Qatar Biosimilars Market, By Indication |
6.2.1 Overview and Analysis |
6.2.2 Qatar Biosimilars Market Revenues & Volume, By Oncology, 2021 - 2031F |
6.2.3 Qatar Biosimilars Market Revenues & Volume, By Offsite Treatment, 2021 - 2031F |
6.2.4 Qatar Biosimilars Market Revenues & Volume, By Chronic Disorders, 2021 - 2031F |
6.2.5 Qatar Biosimilars Market Revenues & Volume, By Blood Disorders, 2021 - 2031F |
6.2.6 Qatar Biosimilars Market Revenues & Volume, By Infectious Diseases, 2021 - 2031F |
6.2.7 Qatar Biosimilars Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Qatar Biosimilars Market, By Manufacturing |
6.3.1 Overview and Analysis |
6.3.2 Qatar Biosimilars Market Revenues & Volume, By Outsourced, 2021 - 2031F |
6.3.3 Qatar Biosimilars Market Revenues & Volume, By In-house, 2021 - 2031F |
7 Qatar Biosimilars Market Import-Export Trade Statistics |
7.1 Qatar Biosimilars Market Export to Major Countries |
7.2 Qatar Biosimilars Market Imports from Major Countries |
8 Qatar Biosimilars Market Key Performance Indicators |
9 Qatar Biosimilars Market - Opportunity Assessment |
9.1 Qatar Biosimilars Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Qatar Biosimilars Market Opportunity Assessment, By Indication, 2021 & 2031F |
9.3 Qatar Biosimilars Market Opportunity Assessment, By Manufacturing, 2021 & 2031F |
10 Qatar Biosimilars Market - Competitive Landscape |
10.1 Qatar Biosimilars Market Revenue Share, By Companies, 2024 |
10.2 Qatar Biosimilars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |