Press release
Biologics Market is set to surge with a projected CAGR of 9.1 % from 2024-2030
The ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 392.95 Bn. in 2023 and the total revenue is expected to grow at 9.1 % through 2024 to 2030, reaching nearly USD 722.96 Bn.๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The biologics market is experiencing substantial growth, driven by the increasing adoption of advanced therapies for chronic diseases and the rise in demand for targeted treatment options. Biologics, derived from living organisms such as plants, microorganisms, or animal cells, are revolutionizing the pharmaceutical industry by offering precision therapies for complex conditions like cancer, autoimmune disorders, and diabetes. Leading biologics, such as Humira (adalimumab) and Avastin (bevacizumab), dominate the market, supported by significant investments from pharmaceutical giants like AstraZeneca, Novartis, and Eli Lilly and Co.. This surge in innovation and R&D funding highlights the biologics market as a cornerstone of modern healthcare.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/37255/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
One of the primary drivers of the biologics market is the rising prevalence of chronic diseases, such as cancer, diabetes, and autoimmune disorders, which require advanced treatment options. Biologics, known for their efficacy and specificity, are increasingly becoming the treatment of choice for these conditions. Furthermore, advancements in biotechnology and genetic engineering have accelerated the development of novel biologic drugs, enabling personalized medicine and improving patient outcomes. Governments and healthcare providers are also investing heavily in biologics to address the growing burden of chronic illnesses.
Another critical driver is the increasing adoption of biosimilars, which are biologic drugs with similar efficacy and safety profiles to their reference products but offered at a lower cost. Biosimilars are gaining traction globally as they enhance patient access to biologics while reducing healthcare costs. Major pharmaceutical companies, such as Sandoz and Pfizer, are expanding their biosimilar portfolios, contributing to the overall growth of the biologics market.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ:
The biologics market is witnessing a significant shift toward innovation in drug delivery systems, such as pre-filled syringes and auto-injectors, enhancing patient convenience and compliance. Additionally, the increasing focus on immunotherapies and cell-based biologics is shaping the future of oncology and autoimmune disease treatment. Collaborations between pharmaceutical companies and biotech firms are on the rise, aimed at accelerating the development of cutting-edge biologic therapies. Furthermore, the expansion of manufacturing capabilities and the adoption of advanced technologies, such as CRISPR and monoclonal antibody production, are driving market growth and redefining treatment paradigms in modern medicine.
๐๐ก๐๐ญ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐ข๐ฌ๐๐๐ฌ๐ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง?
The Biologics Market, segmented by disease category, is expected to experience robust growth across oncology, autoimmune diseases, diabetes, infectious diseases, and others. Among these, the oncology segment is anticipated to dominate the market, driven by the increasing prevalence of cancer and the growing adoption of targeted biologic therapies such as monoclonal antibodies and checkpoint inhibitors. The autoimmune diseases segment is also projected to witness significant growth due to the rising incidence of conditions like rheumatoid arthritis and multiple sclerosis, where biologics such as tumor necrosis factor (TNF) inhibitors and interleukin blockers play a vital role. Expanding applications of biologics across diverse disease categories are contributing to the market's steady growth trajectory.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/37255/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is witnessing significant opportunities in the biologics market as healthcare infrastructure continues to improve. The rising prevalence of diabetes and cancer has driven demand for biologic therapies. Partnerships between global pharmaceutical companies like ๐๐จ๐ฏ๐๐ซ๐ญ๐ข๐ฌ and Vietnamese healthcare providers have accelerated the introduction of advanced biologics in the country, contributing to better patient outcomes and expanded market reach.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's biologics market is experiencing growth due to the increasing demand for biosimilars and targeted therapies. Companies like ๐๐๐ข๐ณ๐๐ซ are actively collaborating with Thai healthcare institutions to introduce cost-effective biologic solutions. Additionally, the government's focus on expanding access to advanced treatments for autoimmune diseases and cancer is shaping the market trends in the region.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan remains a key player in the global biologics market, driven by its advanced healthcare system and high R&D investment in innovative therapies. Companies like ๐๐๐ค๐๐๐ ๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ๐ฌ and ๐๐ฌ๐ญ๐๐ฅ๐ฅ๐๐ฌ ๐๐ก๐๐ซ๐ฆ๐ are leading the market with cutting-edge biologic solutions for oncology and rare diseases. The aging population in Japan has further fueled demand for biologics targeting chronic and degenerative conditions.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's biologics market has seen substantial consolidation through mergers and acquisitions. Leading companies like ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ and ๐๐๐ฅ๐ฅ๐ญ๐ซ๐ข๐จ๐ง have expanded their global presence through strategic collaborations and acquisitions. The government's support for biosimilar development and export-oriented manufacturing has positioned South Korea as a hub for biologics production in Asia.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore is emerging as a center for biologics innovation and manufacturing, attracting investments from global pharmaceutical giants like ๐๐จ๐๐ก๐. The country's strategic focus on biopharmaceuticals and advanced manufacturing technologies has led to the establishment of state-of-the-art biologics facilities. Recent advancements include the integration of AI and digital platforms for precision medicine and biologics research.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The United States dominates the biologics market, driven by high healthcare expenditure and cutting-edge innovations in biopharmaceuticals. Key players like ๐๐ฆ๐ ๐๐ง, ๐๐๐๐๐ข๐, and ๐๐ซ๐ข๐ฌ๐ญ๐จ๐ฅ-๐๐ฒ๐๐ซ๐ฌ ๐๐ช๐ฎ๐ข๐๐ are at the forefront of developing biologic therapies for cancer, autoimmune disorders, and rare diseases. The market is also witnessing significant growth in biosimilars, expanding access to cost-effective biologics for patients.
๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is a major contributor to the biologics market, with countries like Germany, the UK, and France leading in biologics innovation and manufacturing. Companies such as ๐๐๐ง๐จ๐๐ข and ๐๐ฅ๐๐ฑ๐จ๐๐ฆ๐ข๐ญ๐ก๐๐ฅ๐ข๐ง๐ are driving advancements in monoclonal antibodies and immunotherapies. The region's emphasis on regulatory compliance and sustainability has fostered the development of high-quality biologic solutions tailored to meet diverse healthcare needs.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/37255/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
by Disease Category
Oncology
Infectious Diseases
Immunological Disorders
Cardiovascular Disorders
Hematological Disorders
Others
by Manufacturing
In-house
Outsource
by Product
Monoclonal Antibodies
Vaccines
Recombinant Proteins
Antisense, RNAi, & Molecular Therapy
Others
by Source
Microbial
Mammalian
Others
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/biologics-market/37255/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Sandoz
2. Pfizer
3. Teva Pharmaceutical
4. Celltrion
5. Biocon
6. Amgen
7. Samsung Biologics
8. Mylan
9. Dr. Reddy's Laboratories
10. Stada Arzneimittel AG
11. Pernix Therapeutics
12. Purdue Pharma L.P.
13. Sanofi Pasteur
14. SkyePharma
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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