Market Research Report
Global Biologics Market: Analysis By Product Type, Application Type, Product Pipeline, End User, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)
|Published by||Azoth Analytics||Product code||926873|
|Published||Content info||234 Pages
Delivery time: 2-3 business days
|Global Biologics Market: Analysis By Product Type, Application Type, Product Pipeline, End User, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)|
|Published: February 28, 2020||Content info: 234 Pages||
Global Biologics Market was valued at USD 281.69 billion in the year 2019. Growing development of pipeline products and rapid economic growth with rising prevalence of chronic diseases and surging demand for low cost biologics and medical services, will be accelerating the biologics market growth. All prominent pharmaceutical companies around the world are making their own efforts to deliver biologics which could meet the demand of productive, efficient and inexpensive medicine for various chronic untreatable diseases. Furthermore, efficacy and safety of biologics medicine, in addition to having a capacity to treat previously grave diseases, is one of the key driving factor which has anticipated to propel the market value in forecast period.
Under the product type segment, Monoclonal Antibodies followed by Recombinant Hormones and Proteins will be attaining sustainable market growth owing to wide availability and development of medicines and technology that helps in biologics supported by availability of proficient and cost-effective manufacturing process that will be facilitating the market growth during the forecasting period.
Cancer and Hospitals secured considerable market growth under their respective segments, owing to escalating investment by hospitals in providing treatment for some long-term medical conditions, including rheumatoid arthritis, Crohn's disease, psoriasis and ankylosing spondylitis and ever growing number of patients who are suffering from cancer.
Among the regions, North America attained sustainable market growth followed by Europe and Asia Pacific. Rising prevalence of chronic diseases such as cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, and oral diseases in North America clubbed with growing investment by various global manufacturers in North America in order to attract the market growth, has been forecasted to boost the biologics market growth during the forecast period of 2020-2025.