Press release
Virtual health assistants to keep the hopes high for Global Biological Drugs Market at a CAGR of 10.9%
Biological drugs are typically derived from living cells and are used in the prevention and treatment of various diseases such as cancer, blood disorders, auto-immune diseases, and other medical disorders. Biological drugs have more complex structures compared to that of conventional drugs.
The Global Biological Drugs Market refers to the market for drugs that are produced using living cells or their components. These drugs are used to treat various diseases and disorders such as cancer, autoimmune diseases, and infectious diseases.
The Global Biological Drugs Market is expected to witness significant growth in the coming years, with a compound annual growth rate of around 8% from 2021 to 2026. The increasing prevalence of chronic diseases, the growing adoption of personalized medicine, and the rising demand for biologics as an alternative to small molecule drugs are some of the factors driving the growth of the market.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/2883
Some of the major players in the biological drugs market:
Pfizer Inc.
Abbott Laboratories.
Novartis AG.
Eli Lilly and Company.
GlaxoSmithKline plc.
Bristol-Myers Squibb Company.
Merck & Co., Inc.
Amgen Inc.
Baxter International Inc.
Biogen Idec.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/2883
Globally, the biological drugs market is witnessing significant growth due to the increasing prevalence of chronic diseases and growing geriatric population. In addition, health and awareness initiatives by various government associations are also supporting the growth of the biological drugs market. However, high costs of biological drugs and patent expiry of blockbuster drugs impede the growth of the biological drugs market. Moreover, risks of adverse effects associated with biologic injectable drugs also inhibit the growth of the market.
The global biological drugs market is anticipated to grow from an estimated US$ 161,056.5 Mn in 2014 to US$ 287,139.7 Mn by 2020 at a CAGR 10.1% during the forecast period.
North America dominates the global biological drugs market. This is due to increasing use of biological drugs in the treatment of diseases such as cancer, diabetes, and other chronic diseases in the region. In addition, several clinics in the region are focusing on biological drugs for the treatment of various diseases.
Buy Full Report Now and Get Upto 20% Discount @ https://www.persistencemarketresearch.com/checkout/2883
The biological drugs market in Europe is growing due to increasing aging population in the region. For instance, according to a UN report, elderly people accounted for 23.2% of the total population in Germany in 2000, and the number is expected to reach 33.2% by 2025. Aging can lead to certain disorders such as age-related macular degeneration and glaucoma, which require effective biological drugs for their treatment.
Low manufacturing costs in Asia are attracting biopharmaceutical companies to invest in the region, supporting the growth of the biological drugs market. Moreover, governments of some Asian countries are also supporting the growth of the biological drugs market by providing funds to life sciences research institutes and biotech companies for the construction of R&D and manufacturing facilities.
Related Reports:
Telemedicine Market
https://www.persistencemarketresearch.com/market-research/telemedicine-market.asp
Robotic Surgery Market
https://www.persistencemarketresearch.com/market-research/robotic-surgery-market.asp
Veterinary Teleradiology Market
https://www.persistencemarketresearch.com/market-research/veterinary-teleradiology-market.asp
Dental Radiology Equipment Market
https://www.persistencemarketresearch.com/market-research/dental-radiology-equipment-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Virtual health assistants to keep the hopes high for Global Biological Drugs Market at a CAGR of 10.9% here
News-ID: 2868597 • Views: …
More Releases from Persistence Market Research
Neuroprosthetics Market Boom Fueled by Advances in Brain Computer Interface Tech …
The neuroprosthetics market plays a transformative role in bridging the gap between neuroscience and advanced medical technology. Neuroprosthetic devices restore or enhance lost neural functions by directly interfacing with the nervous system, offering life-changing solutions for patients suffering from neurological disorders, sensory impairments, or limb loss. These devices are widely used in the treatment of conditions such as Parkinson's disease, epilepsy, spinal cord injuries, and hearing or vision impairments. With…
Highly Visible Packaging Market to Reach US$82.6 Billion by 2031, Growing at 7.8 …
The global packaging industry has undergone a remarkable transformation in recent years, evolving from a focus on product protection and convenience to an essential component of brand identity and consumer engagement. Among the most dynamic segments within this industry is the highly visible packaging market. This market segment focuses on packaging that ensures products are noticeable and appealing to consumers at first glance. It combines advanced materials, innovative printing techniques,…
Cosmetics and Perfumery Glass Bottles Market Valued at US$25.4 Billion in 2024, …
The global packaging industry has witnessed remarkable transformation in recent years, especially within the beauty and fragrance segment. Among the different materials used, glass bottles have established themselves as the preferred choice for cosmetics and perfumery brands seeking premium quality, durability, and sustainability. Glass offers a timeless appeal and reflects elegance, making it ideal for showcasing luxurious products such as perfumes, lotions, and skincare formulations. With sustainability becoming a major…
Smart Faucets Industry Forecasted to Grow at a 10.4% CAGR, Surpassing USD 8.6 Bi …
Overview of the Smart Faucets Market
The global smart faucets market is witnessing remarkable growth, fueled by advancements in home automation and rising consumer preference for touchless technologies. Valued at US$ 4.3 billion in 2025, the market is projected to reach US$ 8.6 billion by 2032, growing at a robust CAGR of 10.4% during the forecast period (2025-2032). This surge is primarily driven by increasing hygiene awareness, smart home integration, and…
More Releases for Biological
Biological Control Market Projected to Witness Massive Growth - Koppert Biologic …
Biological Control Market Snapshot
The Biological Control Market is projected to reach USD 9.7 billion by 2032, growing at a CAGR of 9.4% from 2025 to 2032.
Coherent Market Insights proudly presents its latest Biological Control Market Research Report, delivering a detailed examination of the U.S. Biological Control Market outlook from 2025 to 2032. This comprehensive analysis provides strategic forecasts at both national and regional levels, addressing evolving supply networks, payer-provider collaboration,…
Biological and Chemical Indicators Market - Beyond Measure: Biological and Chemi …
Newark, New Castle, USA: The "Biological and Chemical Indicators Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Biological and Chemical Indicators Market: https://www.growthplusreports.com/report/biological-and-chemical-indicators-market/8887
This latest report researches the…
Biological APIs Market - Biological APIs: The Driving Force Behind Cutting-Edge …
Newark, New Castle, USA: The "Biological APIs Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Biological APIs Market: https://www.growthplusreports.com/report/biological-apis-market/8769
This latest report researches the industry structure, sales, revenue,…
Human Immunoglobulin for Intravenous Injection Market demand and future scope wi …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global Human Immunoglobulin for Intravenous Injection. On the basis of historic growth analysis and current scenario of Human Immunoglobulin for Intravenous Injection place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from…
Global Biological safety testing Market | Global Biological safety testing Indus …
Biologics are termed as those product that attained from living organism and feature a differentiate set of properties. The biologics want extreme safety from contamination thus biological safety testing is incorporate timely to make sure its safety quality and non-contamination of vaccines & biopharmaceuticals, along with comply with the bound rules applicable on it. A number of the foremost biological tests are sterility testing, bioburden testing, residual host contaminant detection…
Meningococcal Infections Vaccine Market Insights, Forecast to 2025 : Sanofi-Past …
Researchmoz added Most up-to-date research on "Global Meningococcal Infections Vaccine Market Insights, Forecast to 2025" to its huge collection of research reports.
This report studies the global market size of Meningococcal Infections Vaccine in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Meningococcal Infections Vaccine in these regions.
This research report categorizes the global Meningococcal Infections Vaccine market…
