New Outlay of Biological Drugs Market Profiling Players (Amgen, Merck, Abbott, Baxter, Novartis) with In-Depth Analysis on Recent Trends and Growth Opportunities During 2020-2025

This report provides in depth study of “Biological Drugs Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Biological Drugs Market report also provides an in-depth survey of key players in the market organization.

Global Biological Drugs Market overview:

BusinessIndustryReports have new report spread across 96 pages is an overview of the Global Biological Drugs Market Report 2020. The Global Biological Drugs Market is projected to grow at a healthy growth rate from 2020 to 2024 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

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These drugs are used in treatment and prevention of chronic diseases such as cancer, severe blood disorders and few other auto-immune diseases. The complex structure of biological drugs separates them from other conventional drug types. Demand for biological drugs has grown in recent past, which is attributed to the increasing prevalence of chronic diseases across the globe. In addition, government organization are endorsing the usage of biological drugs, which in turn is translating into growth of global biological drugs market.

On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Therapeutic Protein, Monoclonal Antibody, Vaccine. Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Hospitals, Ambulatory Surgical Centers, Others.

Demand for biological drugs is expected to gain traction in the near future owing to the worldwide increase in geriatric population and higher prevalence of chronic diseases. Moreover, the global biological market is benefiting from various healthcare awareness initiatives taken by both public and private organizations. Likewise, innovation in biomedical technology and ongoing R&D programs are anticipated to highlight further scope for market expansion. On the other hand, issues related to patent expiry of bestselling drugs and pricey nature of such drugs are expected to inhibit the overall market growth. Similarly, additional threats of severe side effects and associated risks from injectable biological drugs may also negatively influence the growth of the market.

Asia Pacific was a prominent market for Biological Drugss in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Biological Drugs market in Asia Pacific.

There are several manufacturers of Biological Drugss in Europe and North America. In North America, the demand for Biological Drugss is primarily driven by the residential sector. Improved standards of living and rising usage of Biological Drugss for flooring purpose are anticipated to drive the market in North America.

In Europe, the demand for Biological Drugs is anticipated to be primarily from the commercial sector. Biological Drugss are being employed widely for flooring in commercial complexes, which is estimated be a major factor that is likely to propelling the consistent expansion of the Biological Drugs market in the region.

Some of the major players that operate in the Global Biological Drugs Market are Bristol-Myers Squibb, Eli Lilly, Takeda, Pfizer, Amgen, F. Hoffmann-La Roche, Johnson & Johnson, Merck, Abbott Laboratories, Baxter, Novartis, Biogen, GlaxoSmithKline.

Latest Industry Updates:

Pfizer Inc. (NYSE:PFE) and Eli Lilly and Company (NYSE:LLY) today announced that the U.S. Food and Drug Administration (FDA) accepted for review a Biologics License Application (BLA) for tanezumab 2.5 mg administered subcutaneously (SC), which is being evaluated for patients with chronic pain due to moderate-to-severe osteoarthritis (OA) who have experienced inadequate pain relief with other analgesics. Tanezumab is a monoclonal antibody that is part of an investigational class of non-opioid chronic pain medications known as nerve growth factor (NGF) inhibitors.

More than 27 million Americans are living with OA, 11 million of whom have moderate-to-severe OA. Currently available treatment options for moderate-to-severe OA do not meet the needs of all patients, and many cycle through multiple therapies to find relief from their pain. The Prescription Drug User Fee Act (PDUFA) goal date for the FDA to make a decision on the tanezumab application is in December 2020. In its acceptance letter, the FDA stated that it is currently planning to hold an Advisory Committee meeting to discuss this application.

"The FDA acceptance of the tanezumab application represents a significant milestone, and the breadth of our regulatory submission reflects the extensive clinical data we have gathered for tanezumab over the course of its development," said Ken Verburg, tanezumab development team leader, Pfizer Global Product Development. "There is an urgent need for innovation in the treatment of osteoarthritis, as there have been no new classes of medicines available for this debilitating condition in more than a decade. If approved, tanezumab would be a first-in-class treatment for patients suffering from chronic pain due to moderate-to-severe osteoarthritis who have experienced inadequate pain relief with other analgesics."

"Osteoarthritis patients face a significant burden – due to the physical pain they experience, nearly every aspect of their lives can be impacted. This pain can affect their ability to participate in daily activities, which can have significant psychological, social and societal consequences," said Patrik Jonsson, president, Lilly Bio-Medicines. "We look forward to working closely with the FDA to potentially bring tanezumab to patients living with moderate-to-severe osteoarthritis.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of HD Map in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Table of Contents:

1 Biological Drugs Market Overview

1.1 Biological Drugs Product Overview

1.2 Biological Drugs Market Segment by Type

1.2.1 Therapeutic Protein

1.2.2 Monoclonal Antibody

1.2.3 Vaccine

1.3 Global Biological Drugs Market Size by Type (2015-2024)

1.3.1 Global Biological Drugs Market Size Overview by Type (2015-2024)

1.3.2 Global Biological Drugs Historic Market Size Review by Type (2015-2020)

 1.3.2.1 Global Biological Drugs Sales Market Share Breakdown by Type (2015-2024)

1.3.2.2 Global Biological Drugs Revenue Market Share Breakdown by Type (2015-2024)

1.3.2.3 Global Biological Drugs Average Selling Price (ASP) by Type (2015-2024)

1.3.3 Global Biological Drugs Market Size Forecast by Type (2021-2024)

1.3.3.1 Global Biological Drugs Sales Market Share Breakdown by Application (2021-2024)

1.3.3.2 Global Biological Drugs Revenue Market Share Breakdown by Application (2021-2024)

1.3.3.3 Global Biological Drugs Average Selling Price (ASP) by Application (2021-2024)

TOC continue….........................

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