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Biologics Market Size is Anticipated to Increase During the Study Period to 2031

07-26-2024 06:15 PM CET | Health & Medicine

Press release from: Premium Market Insights

Biologics Market Size And Forecast (2021 - 2031), Global And Regional Share, Trend, And Growth Opportunity Analysis Report Coverage: By Product (Monoclonal Antibodies, Vaccines, Recombinant Hormones/Proteins, Cell And Gene Therapy, And Others), Application (Cancer, Infectious Diseases, Autoimmune Diseases, And Others), Source (Mammalian And Microbial), Manufacturing (Outsourced And In-House), And Geography (North America, Europe, Asia Pacific, Middle East & Africa, And South & Central America) The market is anticipated to grow from US$ 469.2 billion in 2023 and is projected to reach US$ 1,793.9 billion by 2031; it is expected to register a CAGR of 18.2% during 2023-2031.

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Competitive Landscape: Biologics Market:
Market growth is attributed to increasing cases of chronic diseases and subsequent approvals for several disease-modifying therapies. Evolution of biotechnology industry in developing regions are likely to offer opportunities for the market growth. However, the stringent regulations and high drug development costs hinder the growth of the market.Biologics are among the most promising avenues in the pharmaceutical industry, offering a unique approach to treating various diseases and medical conditions. The biologics market is constantly growing because pharma and biotechnology companies enormously invest in improving their production facilities. The increasing number of cases and diagnoses of chronic diseases requires the availability of sophisticated diagnostic and treatment drugs, which has boosted the global biologics market. Furthermore, rising demand, higher acceptance of innovative therapies, and increasing clinical trials are expected to drive market growth. However, approving biosimilars is one of the main aspects limiting the biologics market expansion

AbbVie Inc.

Pfizer Inc.

Samsung Biologics

ADMA Biologics, Inc.

WuXi Biologics

Catalent, Inc

AGC Biologics

Crescendo Biologics Limited

Zumutor Biologics INC

Theriva Biologics

Chapter Details of Biologics Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Biologics Market Landscape
Part 04: Biologics Market Sizing
Part 05: Biologics Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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