Biologics Market 2023 : Trends, Business Growth And Major Driving Factors | AbbVie, Johnson & Johnson, Amgen, Sanofi S.A, F. Hoffmann-La Roche Ltd., GlaxosmithKline, Novartis AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Biologics Global Market Report 2023 identifies the technology is expected to be a continued driver of market growth during this period. An area of particular development is likely to be physiology simulation modeling. Markets such as this one will benefit from the greater efficiencies offered by developments in this area.

The global biologics market size is expected to grow from $382.04 billion in 2022 to $416.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of global biologics market is expected to reach $599.62 billion in 2027 at a CAGR of 9.5%.

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Major companies in the biologics market include AbbVie, Johnson & Johnson, Amgen, Sanofi S.A, F. Hoffmann-La Roche Ltd., GlaxosmithKline, Novartis AG, Pfizer Inc., Teva Pharmaceuticals and CSL.

A key trend in the Biologics market includes the Technology is expected to be a continued driver of market growth during this period. An area of particular development is likely to be physiology simulation modeling.

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The Biologics market is segmented -
1) By Type: Monoclonal Antibodies (MAbS), Therapeutic Proteins, Vaccines
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Other Distribtuion Channels
3) By Route Of Administration: Oral, Parenteral, Other Route Of Administration
4) By Drug Classification: Branded Drugs, Generic Drugs
5) By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biologics market.

The Business Research Company's "Global Biologics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biologics Market Include:
1. Executive Summary
2. Biologics Market Characteristics
3. Biologics Market Trends And Strategies
4. Biologics Market - Macro Economic Scenario
5. Biologics Market Size And Growth
……
27. Biologics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biologics Market
29. Biologics Market Future Outlook and Potential Analysis
30. Appendix

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