Biologics Market Size, Share | Global Industry Upcoming Trends, Emering Opportunities, and Growth Forecast Analysis Report by 2026

According to MarkNtel Advisors’ research report, “Global Biologics Market Analysis, 2021,” the market is likely to witness around 9% CAGR during 2021-26. It owes to the rising awareness about the benefits of cellular & gene-based biologics required to treat various diseases and the mounting prevalence of chronic & other rare diseases. Biologics help treat anemia, cancer, and other autoimmune diseases, thereby encouraging market players to increase their investments in research & development activities of biologics on a larger scale.

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Key Questions Answered in the Study
1. What are the current and future trends in the Global Biologics market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Biologics market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Biologics market service providers across various regions?

Monoclonal Antibodies Segment to Grow at a Sturdy Rate
Based on the Product/Drug Class, the market classifies into Recombinant therapeutic Products, Monoclonal Antibodies, Hormones, Cytokines, Enzymes, Blood & Blood Components, Cellular & Gene Therapy, Vaccines, and Oligonucleotides. The Monoclonal Antibodies are likely to grow significantly in the Global Biologics Market during the forecast period due to the high usage rate of monoclonal antibodies in several therapeutic applications. Additionally, Monoclonal Antibodies target unhealthy cells without affecting the healthy cells of the body. Further, these drugs are beneficial for the treatment of autoimmune diseases and cancer management.

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“Global Biologics Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Biologics providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Outsource Segment Exhibits Fastest Growth
Based on the Manufacturing, the market bifurcates into Outsource and In-house. Of these, the Outsource segment is likely to grow at a considerable rate during the forecast period. The segment growth owes to the rising focus of biopharmaceutical companies towards minimizing the operational costs associated with the manufacture of biologics drugs. Additionally, since manufacturing biologics is a challenging process, outsource segment is very likely to boost the overall market growth in the forecast timeline, reveals MarkNtel Advisors in their research report, “Global Biologics Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the Global Biologics Market are Abbive Inc., Amgen Inc., F. Hoffman La Roche, Samsung Electronics, Merck & Co., AstraZeneca Plc., Bristol-Myers Squibb, Novartis, Pfizer, and Sanofi.

Market Segmentation:
1. By Therapeutic Application (Oncology, Infectious Disease, Autoimmune Disease, Diabetes, Metabolic disorders, Inflammatory Bowel Diseases, Respiratory Disorders, Neurological Disorders, Cardiovascular Disorder, Musculoskeletal Disorders, Ophthalmic Disorders, Others)
2. By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)
3. By Manufacturing (Outsource, In-house)
4. By Product/Drug Class (Recombinant therapeutic Products, Monoclonal Antibodies, Hormones, Cytokines, Enzymes, Blood & Blood Components, Cellular & Gene Therapy, Vaccines, Oligonucleotides)
5. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
6. By Country (US, Canada, Brazil, Argentina, Mexico, Germany, France, The UK, Spain, Italy, China, India, Japan, Australia, UAE, Saudi Arabia)
7. By Competitors (Abbive Inc., Amgen Inc., F. Hoffman La Roche, Samsung Electronics, Merck & Co., AstraZeneca Plc, Bristol-Myers Squibb, Novartis, Pfizer, Sanofi)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.