Biologics Market to 2027 by Revenue, Size, Trends, Growth, Outlook | Top Key Players: AbbVie Inc., AstraZeneca, Bayer AG, Eli Lilly and Company, GlaxoSmithKline plc, Pfizer Inc., Merck & Co., Inc., Novartis AG
It provides overview and forecast of the global biologics market based on product and application. It also provides market size and forecast till 2027 for overall biologics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
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The biologics market is expected to witness growth during the forecast period due to rapid growth in rising incidence of chronic diseases and their diagnoses across the globe, increased availability of advanced diagnostics, rising government initiatives in healthcare and growing technological advancements in research and development. Also the increasing the demand for biologic drugs include rising regulatory convergence and better access to healthcare are expected to play a pivotal role in the biologics market.
Profiles of Key Biologics Companies
1. F. Hoffmann-La Roche Ltd.
2. AbbVie Inc.
4. Bayer AG
5. Eli Lilly and Company
6. GlaxoSmithKline plc.
7. Pfizer Inc.
8. Merck & Co., Inc.
9. Novartis AG
10. CELGENE CORPORATION
Biologics are drugs in the form of genetically engineered proteins derivative of human genes. The biologics can be composed of proteins, sugars, or nucleic acids or complex combinations of these substances, or may be living entities such as cells and tissues. Advanced biotechnology techniques and complex processes are used to manufacture biologics, as they are important for biomedical research.
The global biologics market is segmented on the basis of product and application. The product segment includes, monoclonal antibodies, cell therapy, vaccines, recombinant hormones/proteins, and gene therapy. By application, the market is segmented into infectious diseases, oncology, immunology, and autoimmune diseases.
North America is expected to hold the largest share in the biologics market. The large share of the segment is due to factors like the intensive R&D activities, innovative drug formulations, and a large number of clinical trials focused on large-molecule drug discovery. Asia-Pacific expecting high growth for the biologics market due to rise in favorable regulations for the approval of biologics, influx of global pharmaceutical companies setting up their biologics production facilities in emerging markets, majorly China.
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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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