How COVID-19 Impact on Plant-Based Biologics Market and How It's Adversely Affecting the World Economy?

Post COVID-19 Impact on Plant-Based Biologics Market -

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.

Research Dive' group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:
o Long-term and short-term impact of Covid-19 on the market
o Cascading impact of Covid-19 on Plant-Based Biologics Market, due to the impact on its extended ecosystem
o Understanding the market behavior Pre- and Post-COVID-19 pandemic
o Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity
o We'll help you fight this crisis through our business intelligence solutions.

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Pre COVID-19 Analysis of Plant-Based Biologics Market -

Nowadays, the pharmaceutical sector is extensively under the dominance of protein-based medicines. These medicines are derived by applying biotechnological methods on plants, which is scientifically termed as plant-based biologics. The arena of biological manufacturing is currently expanding beyond the boundaries of structurally-complex drugs and is foreseen to embrace spheres. At present, protein-based biologics is seen as the largest and fastest growing areas of pharmaceutical sector.

What is plant-based biologics?

Plant-based biologics are Schedule D (biologic) drugs that are produced using plant molecular farming.In the past, the use of plant-based cell membranes as an alternative to mammal cell membranes for producing biologic medicine shad come to the pole position when a number of pharmaceutical manufacturers were putting efforts for inventing an alternative treatment for treating Ebola. In 2012, the first plant-bade biologic was approved by the U.S. Food and Drug Administration (USFDA) for treating Gaucher's disease.

This medicine was named as 'taliglucerase alfa'. This approval marked the beginning of a new epoch for plant-based biologics and gave a boost to novel developments in the area of io pharmaceuticals.

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Growing demand for plant-based biologics therapies

Today, even though man is climbing the steps toward modernization, he has failed to upkeep his health and well-being which is giving rise to several life-threating diseases such as diabetes, heart disease, Alzheimer's disease, and many others. Plant-based biologic drugs are extensively used for treating such diseases, and hence the demand for plant-based biologic is currently on rise all over the world. The use of plants for the manufacture of biologic products eliminates possible contamination from adventitious agents. Furthermore, plant-based biologic drugsare widely preferred over other traditional drugs as they offer several advantages such as low cost, high scalability, and efficiency. All these factors are leading to the increased demand of these drugs from markets all over the world. Additionally, many established companies are now focused on manufacturing plant-based biologics by using moss, tobacco, duckweed, alfalfa, and other plants. Some of the recent studies on plant-based biologics such as downstream processing, plant expression vector development, and glycol-engineering are seen to fuel the growth of plant-based biologics sector in the upcoming years.

Growing developments in the plant-based biologics sector

As per the Biotechnology Innovation Organization (BIO) 2015, nearly 250 biologic medicines and vaccinations have rehabilitated the lives of millions of patients all across the world. At present, numerous biopharmaceutical manufacturers are focusing onthe development of plant-made medicines using different plants. For example, in 2015, LeafBio, Inc., a company focused on pharmaceutical research & development of monoclonal antibody products for the treatment and prevention of viral and infectious diseases was given fast track designation by the U.S. Food and Drug Administration (FDA) for their plant-based medicine named ZMapp. This drug was used for the treating Ebola virus disease. At present several other companies are in the plant-based biologics market are undertaking activities such as merges & collaborations, acquisitions, partnerships, and new product launches for obtaining aleading position in the global market. In 2017, Denka, a Japanese company acquired German plant biotech Icon Genetics Inc. for around US$ 85.0 million. This acquisition was done with an intention to support Denka for concentrating on research & development to endure development of innovative iopharmaceuticals.

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Future scope of the plant-based biologics industry

A report by Research Dive says that the plant-based biologics industry is expected to gain heights by registering a CAGR of 6.1% in the near future.Growing occurrences of chronic diseases all across the globe is foreseen as a major contributor to the growth of global plant-based biologics market. Whereas, the growing developments and increasing investments in the plant-based products is expanding the applications of plant-based biologics in the healthcare industry. Considering all these factors, it is clear that the plant-based market is paving its way toward development and is sure to gain heights in the upcoming future.

Mr. Abhishek Paliwal
Research Dive
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