Press release
Increasing Investments In R&D Will Drive The Biopharmaceutical Market, says Variant Market Research
Variant Market Research
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/biopharmaceuticals-market
Major driving factors of the global biopharmaceuticals market are technological advancements, improved proficiency over conventional drugs, and occurrence of autoimmune diseases and cancers. Though, entry of low priced biosimilars and risk of adverse effects may hinder the market growth. Moreover, increasing R&D, rising government initiatives for developing effective products, and popularity of herbal medicines worldwide provide opportunities in the forecast years.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/biopharmaceuticals-market/toc
Type, therapeutic application, and geography are the major segments of the global biopharmaceutical market. Type segment includes monoclonal antibodies, recombinant proteins, granulocyte colony-stimulating factor (G-CSF), interferon, erythropoietin, recombinant human insulin, vaccines, growth hormones, purified proteins, and others. Recombinant proteins are expected to dominate with largest market share throughout the forecast period 2016 - 2024. Therapeutic application is further bifurcated into oncology, inflammatory infectious diseases, metabolic disorders, cardiovascular diseases, and others.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major regions covered in the report. North America accounted the largest market share in 2016, driven by growing number of R&D, product launch, and outsourcing the manufacturing process. In terms of growth, Asia-Pacific is anticipated to grow at a fastest CAGR from 2016 to 2024. The growth is attributed to adoption of advanced technologies, increasing investments in R&D, and increasing partnerships with major companies for contract manufacturing.
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Key companies operating in the global biopharmaceuticals market are Roche Holding AG, Abbott Laboratories, Bayer AG, Biocon Ltd, Ranbaxy Laboratories Ltd., Genentech, Inc., Eli Lilly and Company, Pfizer Inc., Novartis AG, and Johnson & Johnson, Inc, among others.
Scope of Biopharmaceuticals Market
Type Segments
• Monoclonal Antibodies
• Recombinant Proteins
• Granulocyte Colony-Stimulating Factor (G-CSF)
• Interferon
• Recombinant Human Insulin
• Erythropoietin
• Vaccines
• Growth Hormones
• Purified Proteins
• Other Types
Therapeutic Application segments
• Oncology
• Inflammatory Infectious Diseases
• Metabolic Disorders
• Cardiovascular Diseases
• Other Therapeutic Applications
Geography Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Others
• Asia-Pacific
o India
o Japan
o China
o Others
• RoW
o South America
o Middle East
o Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com
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VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
Address:
649 Mission St., 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
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