Press release
Biological Drugs Market Will Grow at 10.1% CAGR by 2020
According to a new market report published by Persistence Market Research “Global Market Study on Biological Drugs: North America to Witness Highest Growth By 2020”, the global biological drugs market was valued at US$ 161,056.5 Mn in 2014 and is expected to grow at a CAGR of 10.1% from 2014 to 2020, to reach US$ 287,139.7 Mn by 2020.
Biological drugs are typically derived from living cells and are used in the prevention and treatment of various diseases such as cancer, blood disorders, auto-immune diseases, and other medical disorders. Biological drugs have more complex structures compared to that of conventional drugs.
The global biological drugs market is anticipated to grow from an estimated US$ 161,056.5 Mn in 2014 to US$ 287,139.7 Mn by 2020 at a CAGR 10.1% during the forecast period.
North America dominates the global biological drugs market. This is due to increasing use of biological drugs in the treatment of diseases such as cancer, diabetes, and other chronic diseases in the region. In addition, several clinics in the region are focusing on biological drugs for the treatment of various diseases.
The biological drugs market in Europe is growing due to increasing aging population in the region. For instance, according to a UN report, elderly people accounted for 23.2% of the total population in Germany in 2000, and the number is expected to reach 33.2% by 2025. Aging can lead to certain disorders such as age-related macular degeneration and glaucoma, which require effective biological drugs for their treatment.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/medical-fiber-optics-market/toc
Low manufacturing costs in Asia are attracting biopharmaceutical companies to invest in the region, supporting the growth of the biological drugs market. Moreover, governments of some Asian countries are also supporting the growth of the biological drugs market by providing funds to life sciences research institutes and biotech companies for the construction of R&D and manufacturing facilities.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/2997
Novartis AG, Pfizer Inc., GlaxoSmithKline plc., and Merck & Co., Inc. are some of the leading players in the global biological drugs market. Other major players in the market include Abbott Laboratories, Baxter International Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Biogen Idec, and Amgen Inc.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biological Drugs Market Will Grow at 10.1% CAGR by 2020 here
News-ID: 503915 • Views: …
More Releases from Persistence Market Research
Prostate Cancer Hormone Therapy Market Projected to Grow at 20.9% CAGR During 20 …
The prostate cancer hormone therapy market has evolved into one of the most critical segments within global oncology therapeutics, driven by the rising prevalence of prostate cancer and continuous innovation in hormone-based treatment approaches. Prostate cancer remains one of the most commonly diagnosed malignancies among men worldwide, particularly affecting aging populations in both developed and developing regions. Hormone therapy, also known as androgen deprivation therapy (ADT), has long been the…
Telehealth Market Valued at US$ 219.6 Billion in 2025, Poised for Exponential Gr …
The global telehealth market has evolved from a complementary healthcare solution into a core pillar of modern medical delivery systems. Telehealth broadly refers to the use of digital communication technologies-such as video conferencing, mobile applications, web-based platforms, and remote monitoring tools-to deliver healthcare services at a distance. What once served as a niche solution for rural or underserved populations has now become an integral component of mainstream healthcare, reshaping how…
Therapeutic Albumin Market Valued at US$ 4.71 Bn in 2025, Expected to Reach US$ …
The therapeutic albumin market represents a vital segment of the global biopharmaceutical and plasma protein industry, underpinned by albumin's indispensable role in critical care, chronic disease management, and advanced biomedical applications. Albumin, the most abundant plasma protein in human blood, is widely used for its ability to maintain oncotic pressure, stabilize blood volume, transport endogenous and exogenous substances, and support physiological homeostasis. Clinically, therapeutic albumin is a cornerstone in the…
Wire Extrusion Machine Market to Reach US$ 2.5 Bn by 2033, Says Persistence Mark …
The global wire extrusion machine market has emerged as a critical segment in the industrial machinery and cable manufacturing ecosystem. Wire extrusion machines are specialized equipment used to coat, insulate, and finish metal wires with polymeric or thermoplastic materials, ensuring durability, electrical insulation, and resistance to environmental factors. These machines are integral to the production of wires and cables for sectors such as power generation, telecommunications, automotive, construction, and renewable…
More Releases for Biological
Biological Control Market Projected to Witness Massive Growth - Koppert Biologic …
Biological Control Market Snapshot
The Biological Control Market is projected to reach USD 9.7 billion by 2032, growing at a CAGR of 9.4% from 2025 to 2032.
Coherent Market Insights proudly presents its latest Biological Control Market Research Report, delivering a detailed examination of the U.S. Biological Control Market outlook from 2025 to 2032. This comprehensive analysis provides strategic forecasts at both national and regional levels, addressing evolving supply networks, payer-provider collaboration,…
Biological and Chemical Indicators Market - Beyond Measure: Biological and Chemi …
Newark, New Castle, USA: The "Biological and Chemical Indicators Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Biological and Chemical Indicators Market: https://www.growthplusreports.com/report/biological-and-chemical-indicators-market/8887
This latest report researches the…
Biological APIs Market - Biological APIs: The Driving Force Behind Cutting-Edge …
Newark, New Castle, USA: The "Biological APIs Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Biological APIs Market: https://www.growthplusreports.com/report/biological-apis-market/8769
This latest report researches the industry structure, sales, revenue,…
Human Immunoglobulin for Intravenous Injection Market demand and future scope wi …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global Human Immunoglobulin for Intravenous Injection. On the basis of historic growth analysis and current scenario of Human Immunoglobulin for Intravenous Injection place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from…
Global Biological safety testing Market | Global Biological safety testing Indus …
Biologics are termed as those product that attained from living organism and feature a differentiate set of properties. The biologics want extreme safety from contamination thus biological safety testing is incorporate timely to make sure its safety quality and non-contamination of vaccines & biopharmaceuticals, along with comply with the bound rules applicable on it. A number of the foremost biological tests are sterility testing, bioburden testing, residual host contaminant detection…
Meningococcal Infections Vaccine Market Insights, Forecast to 2025 : Sanofi-Past …
Researchmoz added Most up-to-date research on "Global Meningococcal Infections Vaccine Market Insights, Forecast to 2025" to its huge collection of research reports.
This report studies the global market size of Meningococcal Infections Vaccine in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Meningococcal Infections Vaccine in these regions.
This research report categorizes the global Meningococcal Infections Vaccine market…
