Press release
The Global Biological Drugs Market to witness data efficiencies with digitization, reaching US$ 287,139.7
Market Size:
PMR indicates that the global biological drugs market will witness a healthy CAGR of over 10% during the forecast period to reach US$ 287,139.7 by 2020, North America will continue to be the most lucrative market for biological drugs during the forecast period. In addition, the market in North America is expected to be worth 147,783.8 Million by 2020, expanding at 10.9% CAGR over the forecast period.
Get Free 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.
Drivers and Restraints:
The global biological drugs market is expected to grow at a rapid pace in the coming years. However, there are several drivers and restraints that will impact this growth. One of the primary drivers for this market is the increasing prevalence of chronic diseases such as cancer, diabetes, and autoimmune disorders. Additionally, the growing geriatric population worldwide is also contributing to the growth of this market, as elderly people are more prone to developing chronic diseases. The rising demand for personalized medicine and the development of biosimilars are also expected to fuel market growth. However, stringent regulatory policies, high costs associated with the development and manufacturing of biological drugs, and the lack of reimbursement policies in developing countries may restrain market growth to some extent.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/2883
Segment Analysis
The global biological drugs market has been classified into therapeutic protein, monoclonal antibody, vaccine and region.
On the basis of therapeutic protein, the market is segmented into enbrel, neulasta, novoLog, humalog, rebif, epogen, levemir, betaseron, eylea, lantus, avonex, aranesp, victoza and neupogen. Enbrel is the most dominating segment and is expected to grow at the fastest rate during the forecast period. By monoclonal antibody (mAb), the market is segmented into, remicade, avastin, lucentis, humira, rituxan and herceptin. In addition, the humira segment will continue to dominate the market over the forecast period. Based on vaccine, the market is segmented into prenvar 13, fluzone, cervarix, gardasil and varivax. Demand for prevnar 13 is expected to be higher compared to other vaccines through 2020.
Regional Analysis:
On the basis of region, the global biological drugs market is segmented into North America, Asia Pacific, Europe and rest of the world (RoW). North America will continue to be the most lucrative market for biological drugs during the forecast period. In addition, the market in North America is expected to be worth 147,783.8 Million by 2020, expanding at 10.9% CAGR over the forecast period. Increasing demand for biological drugs to treat diseases such as diabetes and cancer is expected to support growth of the market in the region.
Moreover, frequent healthcare awareness programs conducted by various public organizations is further influencing the market growth in North America. The market in Europe, is primarily driven by demand for biological drugs from the geriatric population of the region. According to a UN report, by 2025 elderly population in Germany is expected to cover 33.2% of the total population in the country. In Asia, factors such as encouraging government initiatives and higher funding for establishing new biotech companies, drug manufacturing facilities and life science institutions are expected to stimulate the biological drugs market in the region. Moreover, the cost of drug manufacturing in Asia is lower compared to other regions, which in turn is alluring the overseas companies to setup manufacturing plants in the region.
If You Want To Know The Business Opportunity/Market Value, Purchase The Premium Insight @ https://www.persistencemarketresearch.com/checkout/2883
Related Reports:
Bile Duct Cancer Treatment Market
https://www.persistencemarketresearch.com/market-research/bile-duct-cancer-treatment-market.asp
Lateral Flow Assay Test Market
https://www.persistencemarketresearch.com/market-research/lateral-flow-assay-test-market.asp
Thermal Ablation Devices Market
https://www.persistencemarketresearch.com/market-research/thermal-ablation-devices-market.asp
Disposable Blood Bags Market
https://www.persistencemarketresearch.com/market-research/disposable-blood-bags-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 The Global Biological Drugs Market to witness data efficiencies with digitization, reaching US$ 287,139.7 here
News-ID: 3022909 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…
