Press release
Biologics Market Outlook Highlighting Key Trends in Oncology Immunological and Cardiovascular Applications Through 2031
Biologics Market
The Global Biologics Market is estimated to reach over USD 718.97 billion by 2031, exhibiting a CAGR of 7.50% during the forecast period.
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A biologic drug refers to a therapeutic product derived from or composed of components of living organisms. These products encompass a wide range of substances, including recombinant proteins, tissues, allergens, genes, cells, blood components, and vaccines. Biologic therapies are employed in the treatment of various medical conditions, such as anemia, hemophilia, chronic migraines, hepatitis B, rheumatoid arthritis, inflammatory bowel disease, and numerous other diseases and infections.
The growth of the biologics market is being propelled by several key factors, including supportive government initiatives, the increasing market share of biologic therapies, and the rising preference for biopharmaceuticals over traditional chemically synthesized drugs. Furthermore, ongoing advancements in biotechnology have significantly contributed to the success and widespread adoption of biologics.
The market is also benefiting from increased investments, strategic partnerships, and government-backed research and development programs. Innovations in antibody-drug conjugates, immunotherapies, as well as cell and gene therapies, are expected to further accelerate the expansion of the biologics sector throughout the forecast period.
List of Prominent Players in the Biologics Market:
• Abbvie Inc.
• Amgen
• AstraZeneca
• Bayer AG
• Celltrion Inc.
• Addgene
• Eli Lilly & Company
• F. Hoffmann-La Roche Ltd
• GSK group of companies
• Johnson & Johnson Services, Inc
• Merck & Co. Inc
• Novartis AG
• Novo Nordisk A/S
• Pfizer Inc.
• Precision Biologics, Inc.
• Samsung Biologics
• Sanofi
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Market Dynamics
Drivers:
The increasing prevalence and diagnosis of chronic illnesses have significantly contributed to the demand for advanced diagnostic tools and effective therapeutic solutions, thereby driving growth in the global biologics market. Biologic therapies are genetically engineered medications designed to target specific components of the immune system responsible for inflammation. In response to the global outbreak of COVID-19, governments have taken proactive measures to strengthen healthcare systems and ensure consistent access to biologic treatments. Furthermore, researchers and industry experts are actively exploring various species and expression systems to enhance the efficiency and scalability of biologics production.
Challenges:
Despite their effectiveness, certain biologic therapies have been associated with unintended effects on immune function, leading to an increased risk of severe or opportunistic infections. Patients undergoing treatments that suppress specific immune system responses are particularly vulnerable. These safety concerns may hinder the widespread adoption of biologic therapies, potentially affecting market growth and revenue generation.
Regional Trends:
North America is expected to dominate the biologics market in terms of revenue and is projected to experience robust growth in the coming years. This trend is driven by the presence of a large number of biotechnology and pharmaceutical companies, an increasing incidence of chronic diseases, and strong industry infrastructure. In Europe, market growth is anticipated to accelerate due to collaborative efforts by regulatory authorities, policymakers, and pharmaceutical stakeholders aimed at improving the accessibility and affordability of biologics, particularly monoclonal antibodies (mAbs).
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Recent Developments:
• In February 2022, The Janssen Pharmaceutical Companies of Johnson & Johnson obtained the United States Food and Drug Administration (FDA) approval for CARVYKTI (ciltacabtagene autoleucel; cilia-cel). This drug is used to treat adults with refractory or relapsed multiple myeloma (RRMM), including an a proteasome inhibitor, immunomodulatory agent, and an anti-CD38 monoclonal antibody.
Segmentation of Biologics Market-
By Source
• Microbial
• Mammalian
• Others
By Product
• MABs
• Vaccines
• Hormones
• Therapeutic Enzymes
• Recombinant Proteins
• Antisense, RNAi & Molecular Therapy
• Blood Factors and Anticoagulants
• Allergenic extracts
• Human Cells and Tissues
• Proteins
• Gene Therapies
• Cellular Therapies
• Others
By Disease
• Oncology
• Immunological Disorders
• Cardiovascular Disorders
• Hematological 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
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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