Press release
Biologics Market to Surpass USD 856 Billion by 2031 as Precision Medicine Redefines Healthcare
Request Sample @ https://clearviewmarketinsights.com/report-details/global-biologics-market/
Key Market Drivers:
1. Therapeutic Revolution:
o mRNA Vaccines: Moderna's cancer vaccine reduces tumor recurrence by 62%.
o CRISPR Cures: Vertex's Exa-cel eliminates transfusion needs in 95% of sickle cell patients.
2. Regulatory Momentum:
o FDA's Accelerated Pathways: 7 biologics approved in record 4.2 months average.
o EU's ATMP Initiative: 12 gene therapies greenlit for rare diseases.
3. Biosimilar Boom:
o Humira® Biosimilars: 8 new entrants slash prices by 60%.
o Emerging Markets: India and China approve 23 biosimilars in 2024.
2024 Milestones:
• Oncology: Roche's Glofitamab achieves 75% response rate in aggressive lymphomas.
• Manufacturing: AI reduces drug development time from 5 years to 18 months.
• Access: WHO prequalifies 4 biosimilars for global distribution.
Regional Leaders:
Region Market Share Growth Driver
North America 50% FDA fast-track approvals
Europe XX% EU's €2.1B manufacturing fund
Asia-Pacific XX% China's biosimilar acceleration
Market Outlook (2024-2031):
• 2024-2026: 50% of new drug approvals will be biologics.
• 2027-2029: AI-designed biologics capture 20% market share.
• 2030-2031: Curative gene therapies dominate rare disease treatment.
For more insights, visit https://clearviewmarketinsights.com/report-store
Attachments Available:
1. Pipeline Tracker: 1,200+ biologics in development.
2. Biosimilar Impact Report: Price trends across 40 markets.
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About ClearView Market Insights Analytics
A leader in life sciences intelligence, tracking 500+ biologics pipelines worldwide.
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