Press release
Biological Drugs Market 2023 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2032
Biological Drugs Market
The biological drugs market refers to the segment of the pharmaceutical industry that focuses on the development, production, and commercialization of drugs derived from living organisms or their components. These drugs, also known as biologics or biopharmaceuticals, are manufactured using biotechnological processes and include a wide range of products such as vaccines, monoclonal antibodies, recombinant proteins, and gene therapies.
Biological drugs differ from traditional small molecule drugs (chemical-based drugs) in that they are typically larger and more complex molecules, often produced through genetic engineering techniques using living cells or microorganisms. They have revolutionized the treatment of various diseases, including cancer, autoimmune disorders, genetic diseases, and infectious diseases.
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Factors driving the growth of the biological drugs market include increasing prevalence of chronic diseases, advancements in biotechnology and genetic engineering, rising demand for personalized medicine, and a growing aging population. The ability of biological drugs to target specific disease pathways, offer higher efficacy, and potentially fewer side effects compared to traditional drugs has contributed to their popularity and market expansion.
The market for biological drugs is global, with major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has traditionally been the largest market due to well-established healthcare infrastructure, significant R&D activities, and high healthcare expenditure. However, emerging economies in Asia Pacific, such as China and India, are witnessing rapid growth in the biological drugs market due to increasing healthcare investments, favorable government policies, and a rising patient population.
Top key players of Biological Drugs Market:
Eli Lilly & Company
Samsung Biologics
F Hoffman La Roche
Celltrion Addgene
Bristol-Myers Squibb Company
Amgen Inc.
GlaxoSmithKline plc.
Abbvie Inc.
Baxter
Sanofi
Pfizer Inc.
Merck & Co. Inc.
Biocon Biologics
Moderna Inc.
Novo Nordisk A/S
Other players
Some of the Recent Developments:
· In August 2021, Moderna Inc. completed the rolling application process to the FDA for full licensing of the Moderna COVID-19 vaccine for active vaccination to prevent COVID-19 in people aged 18 and higher.
· In August 2021, Pfizer Inc. and BioNTech SE have started a supplemental Biologics License Application with the FDA to get sanction for a booster dosage of COMIRNATY to prevent COVID-19 in patients aged 16 and up.
· Biocon Biologics is in discussions with ADQ, the Abu Dhabi government's wealth fund, to improve the financing as India's largest biosimilar maker increases its production to generate value for stakeholders ahead of a projected IPO.
Market Segmentation:
By Source
Microbial
Mammalian
Others
By Product
Monoclonal Antibodies (MABs)
Vaccines
Hormones
Therapeutic Enzymes
Recombinant Proteins
Antisense, RNAi & Molecular Therapy
Blood Factors and Anticoagulants
Allergenic extracts
Human Cells and Tissues
Protein
Gene Therapies
Cellular Therapies
Others
By Disease
Oncology
Immunological Disorders
Cardiovascular Disorders
Haematological Disorders
Others
By Manufacturing
Outsourced
In-house
By Route of Administration
Oral
Others (IV and IP)
By Drug Classification
Branded Drugs
Generic Drugs
By Mode of Purchase
Prescription Drugs
Over-The-Counter (OTC) Drugs
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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Global Biological Drugs Market: Regional Analysis
The countries covered in the regional analysis of the Global Biological Drugs market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Biological Drugs market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Biological Drugs would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Biological Drugs Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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About Us
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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