Biologics refer to a class of pharmaceutical products derived from living organisms or their components. Unlike chemically synthesized drugs, biologics include large, structurally intricate molecules such as monoclonal antibodies, therapeutic proteins, and vaccines. These products are primarily used in the treatment, prevention, or diagnosis of serious and chronic conditions such as cancer, autoimmune disorders, metabolic diseases, and infectious diseases. They are indispensable in modern medicine for their targeted action, high efficacy, and ability to treat previously untreatable conditions.
The biologics market consists of sales, by entities such as organizations, sole traders, and partnerships, of therapeutic products that are used in diverse medical settings, ranging from acute care hospitals and specialty clinics to community health centers and outpatient treatment facilities. They often complement other forms of therapy, such as conventional pharmaceuticals, surgery, or radiation therapy, and can sometimes replace older treatment regimens where higher efficacy or fewer side effects are desired.
The global biologics market was valued at $300,634.32 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 8.00%.
Increasing Incidence Of Autoimmune Disorders
Increasing incidence of autoimmune disorders fueled the growth of the biologics in the historic period. As conditions such as rheumatoid arthritis, multiple sclerosis, and lupus become more prevalent globally, there is rising demand for advanced, targeted therapies that biologics can offer. Biologics such as monoclonal antibodies and cytokine inhibitors provide high specificity and efficacy in modulating immune responses, making them critical in managing autoimmune diseases. This growing therapeutic need is prompting increased investment in biologics research and development and manufacturing, encouraging the development of novel biologic drugs and biosimilars. As healthcare systems focus more on personalized and long-term treatment strategies for chronic autoimmune conditions, the biologics market is expected to witness sustained expansion. For instance, in September 2022, according to the National Disability Insurance Scheme, an Australia-based independent statutory agency, the number of active participants with multiple sclerosis has risen from 8,807 in 2021 to 9,739 in 2022, reflecting an 11% increase. Therefore, the increasing incidence of autoimmune disorders drove the growth of the biologics market.
Enhancing Access To Anti-Angiogenic Therapies Via Biosimilars
Companies operating in the biologics market are focusing on integration of biosimilar, to enhance treatment accessibility, reduce healthcare costs, and expand their product portfolios across chronic and immune-mediated disease segments. Biosimilars are biologic medicines that closely resemble an existing approved reference product in terms of safety, effectiveness, and quality, with no significant clinical differences. For instance, in April 2025, Biocon Biologics Ltd, an India-based biotechnology firm, launched the JOBEVNE, a biosimilar Bevacizumab for intravenous use. It is a recombinant humanized monoclonal antibody that acts as a vascular endothelial growth factor (VEGF) inhibitor, preventing the formation of new blood vessels (angiogenesis) essential for tumor growth. Its approval was supported by robust comparative data confirming its high similarity to Avastin, with no clinically meaningful differences in efficacy, safety, pharmacokinetics, or immunogenicity. With this launch, Biocon Biologics strengthens its U.S. oncology portfolio and continues its mission to improve access to cost-effective cancer therapies.
The global biologics market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 64.61% of the total market in 2024.
Biologics Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global biologics market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for biologics ? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The biologics market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider biologics market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by drug classification, by route of administration, by mode of purchase and by distribution channel.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by drug classification, by route of administration, by mode of purchase and by distribution channel in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for biologics providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Monoclonal Antibodies (MABS); Therapeutic Proteins; Vaccines
- 2) By Drug Classification: Branded Drugs; Generic Drugs
- 3) By Route Of Administration: Oral; Parenteral; Other Route Of Administration
- 4) By Mode Of Purchase: Prescription-Based Drugs; Over-The-Counter Drugs
- 5) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies Or Drug Stores; Other Distribution Channels
- Companies Mentioned: Pfizer Inc.; Merck & Co. Inc.; F. Hoffmann-La Roche AG; Johnson & Johnson; Regeneron Pharmaceutical Inc.
- Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; biologics indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.