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Biologic Therapeutics Market Size, Share, Growth, Trends, Analysis and Forecast - 2031
Biologic Therapeutics Market
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Additionally, the increase in the geriatric population is propelling the growth of the market. According to the World Population Prospects 2019, by United Nation Population Division, approximately 9.3% of the total population in 2019 was over 65 years of age. Moreover, the demand for innovative and advanced R&D approaches for the treatment of chronic diseases will boost the growth of the market. The rising geriatric population base is leading to an increased incidence of rheumatoid arthritis, which in turn, is accelerating the market growth.
Biological therapeutics is a field of research concerned with the development of medications and pharmaceutical products having biological origins. This field encompasses all pharmaceutical medication products made from semi-synthesized and biological sources. For rheumatoid arthritis, biological therapy targets the parts of the immune system that are triggering inflammation that causes joint and tissue damage. Some commonly used biological agents for the treatment of rheumatoid arthritis include SIMPONI ARIA (golimumab), REMICADE (infliximab), ACTEMRA (tocilizumab), ORENCIA (abatacept), RITUXAN (rituximab), and CIMZIA (certolizumab pegol). Some pipeline drugs have been witnessed, which is driving the market growth. For instance, in March 2021, Bicara Therapeutics launched a pipeline of dual-action biologics for cancer immunotherapy with a $40 million investment from Biocon Ltd. These pipeline drugs is offering an opportunity for market growth.
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Market Coverage
Segment Covered-
o By Product
o By Application
Competitive Landscape- Pfizer Inc., AstraZeneca Plc, Novartis International AG, Merck & Co., Inc, and GlaxoSmithKline Plc.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Biologic Therapeutics Market - Segmentation
By Product
Blood and Blood Products
Vaccines
Human Cells and Tissues
Cellular Therapies
Allergenic Extracts
Gene Therapies
Others
By Application
Rheumatoid Arthritis
Anemia
Cancer
Diabetes
Others
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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