Global Subcutaneous Biologics Market || keyplayers AbbVie, Inc., Biogen Idec, F. Hoffmann-La, Takeda Pharmaceutical Company Ltd.

Biologic is also called as biopharmaceutical, it is a complex therapeutic product produced by a biological process. Biologics such as vaccines, body proteins, somatic cells, plasma, and blood-derived products. Biologics market has a lucrative opportunity due to its broad application. Most of the biologics are given intravenously. In the past years, various biologics has given subcutaneously. This route of administration has important advantages over the intravenous mode of administration such as it doesn’t require any skilled person for drug administration and allow at-home drug delivery, hence it reduces time, medicine cost and increased therapy compliance. Due to its above-mentioned facts, subcutaneous mode of administration is highly-effective while administrating proteins, peptides, vaccines, antibodies, and another complex molecule. In turn, it is expected to fuel the global subcutaneous biologics market growth over the forecast period.

As of now, the prevalence of diseases such as cancer, tumors, and autoimmune diseases followed by increasing research & development activity on biologics is anticipated to boost the global subcutaneous biologics market for over the forecast period.

Additionally, increasing focus on the biologic products is a key factor fueling the overall market growth. In addition to this, government initiatives for the awareness of vaccines in emerging countries are likely to propel the growth of the global subcutaneous biologics market during the forecast period.

The global subcutaneous biologics market has been segmented on the basis of subcutaneous drug delivery systems, application, and region.

The subcutaneous drug delivery systems segment includes a prefilled syringe, wearable injectors, auto-injectors, and drug reconstitution delivery systems.

On the basis of application, the global subcutaneous biologics market is divided into Crohn’s Disease, Lymphoma, Breast cancer, Rheumatoid Arthritis, Leukemia, and Psoriasis.

On the basis of region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Key players operating in the global market of subcutaneous biologics include AbbVie, Inc., Biogen Idec, F. Hoffmann-La, Takeda Pharmaceutical Company Ltd., Roche AG, Genentech Inc., Amgen, Inc., Eisai, Inc., Pfizer Ltd., and Bristol-Myers Squibb.

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This release was published on openPR.