SYDNEY, Jan. 16, 2023 (GLOBE NEWSWIRE) -- "Biologics Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. To know the trends and opportunities in the Biologics industry, a Biologics market research report is anytime the best solution to go for. This report presents you with a broader perspective of the marketplace with its comprehensive market insights and analysis. The Biologics market report provides you with all-inclusive knowledge and information of the swiftly changing market landscape, what already subsists in the market, future trends or market expectations, the competitive environment, and competitor strategies that aid in planning your own strategies with which you can outshine the competitors. The Biologics report gives details about market analysis, market definition, market segmentation, key development areas, competitive analysis, and research methodology.
This global market research report has a complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. Biologics business market research report help you stay up-to-date about the entire market and also offer holistic view of the market. The report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios. This Biologics market report is a reliable source of market information for your business which helps you with better decision making and outline better business strategies.
Data Bridge Market Research analyses that the biologics market was valued at USD 264 billion in 2021 and is expected to reach USD 596.65 billion by 2029, registering a CAGR of 9.25% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Biologics, commonly referred to as biological medications, are disease-modifying antirheumatic drugs (DMARDs) that are manufactured from live creatures or contain living organism components. Vaccines, blood, blood components, tissues, cells, allergies, genes, and recombinant proteins are among the items derived from humans, insects, microbes, animals, plants, and birds. These products regulate the development of essential proteins, alter human hormones and cells, and produce compounds that either activate or suppress the immune system. They also alter the way natural biologic intracellular and cellular activities function.
Biologics have acquired a lot of momentum in recent years since they are used to treat a variety of diseases and ailments, such as Crohn's disease, ulcerative colitis, rheumatoid arthritis, and other autoimmune diseases. The product's widespread use is expected to drive growth in the global biologics market in the coming years. Biologics are at the cutting edge of research, supporting the most recent advances. Such breakthroughs are expected to result in revolutionary treatments that give patients new treatment options. New developments and unique therapies are being developed for the production of new biologics, indicating that the global biologics market is anticipated to have a positive future outlook.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Biologics market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the Biologics Industry are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategies, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Some of the major players operating in the biologics market are:
- Pfizer Inc. (US)
- GlaxoSmithKline plc (UK)
- Novartis AG (Switzerland)
- Mylan N.V. (US)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Sanofi (France)
- Boehringer Ingelheim International GmbH. (Germany)
- AstraZeneca (UK)
- Johnson & Johnson Private Limited (US)
- Merck & Co., Inc. (US)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Bristol-Myers Squibb Company (US)
- Eli Lilly and Company (US)
- Allergan (Ireland)
- Abbott (US)
- LEO Pharma A/S (Denmark)
- Sun Pharmaceutical Industries Ltd. (India)
- Aurobindo Pharma (India)
- Lupin (India)
- Hikma Pharmaceuticals PLC (UK)
- Zydus Cadila (India)
Recent Development
- In November 2021, Bristol-Myers Squibb Company had received the U.S. Food and Drug Administration approval for Opdivo (nivolumab) plus Yervoy (ipilimumab) combined with limited chemotherapy as first-line treatment of metastatic or recurrent non-small cell lung cancer. Patients with squamous or non-squamous illness, independent of PD-L1 expression, are eligible for the treatment. 1 The FDA's Real-Time Oncology Examine (RTOR) pilot programme was used to review this application, which aims to ensure that safe and effective medicines are offered to patients as soon as feasible.
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Opportunities:
- Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the biologics market growth. In addition, scientists and researchers are studying species and expression systems to improve biological products' productivity. In addition, a number of pharmaceutical companies are conducting research and development (R and D) to increase the efficacy of oral medications for rheumatoid arthritis and Crohn's disease. Along with this, rising drug approvals and launches will further propel the market's growth rate.
Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will further provide beneficial opportunities for the growth of the biologics market during the forecast period.
Key Market Segments Covered in Biologics Industry Research
Type
- Tumor Necrosis Factor (TNF) Inhibitor
- T-cell Inhibitor
- Selective Co-stimulation Modulators
- Interleukin-6 (IL-6) or Interleukin-17 Blocker
- Interleukin-1 (IL-1) Blocker
- B-cell Inhibitor
Drug Class
- Monoclonal Antibody
- Recombinant Insulin
- Vaccine
- Blood Factor
- Human Growth Hormone
- Fusion Protein
- Recombinant Enzyme
- Interferon
- Colony-stimulating Factor
- Gene Therapy
- Cell Therapy
- Oligonucleotides
- Others
- Peptide
- Botulinum Toxin
Therapeutic Application
- Oncology
- Autoimmune/Immunologic Diseases
- Metabolic Disorders
- Ophthalmic Diseases
- Respiratory Disorders
- Inflammatory Bowel Diseases (IBDs)
- Neurological Disorders
- Cardiovascular Diseases (CVDs)
- Musculoskeletal Disorders (MSDs)
- Infectious Diseases
Source
- Microbial
- Mammalian
Manufacturing
- Outsourced
- In-House
Drug Type
- Branded Drugs
- Generic Drugs
Mode of Purchase
- Prescription Drugs
- Over-The-Counter (OTC) Drugs
Dosage Form
- Injection
Route of Administration
- Parenteral
- Oral
End-Users
- Specialty Clinics
- Homecare
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Key Industry Drivers:
- A rise in the prevalence of chronic diseases
The surging prevalence of chronic diseases is a major factor driving the biologics market's growth rate during the forecast period of 2022-2029. As per World Health Organization (WHO), chronic diseases kill more than 41 million people worldwide each year. The most common chronic disease, cardiovascular disease, kills 17.9 million people per year, followed by cancer, diabetes and respiratory disorders. These four groups are responsible for 80% of all chronic disease mortality. Chronic diseases have prompted the development of sophisticated diagnostics and therapeutics. Biologics are medicines that have been genetically modified to target a portion of the immune system that causes inflammation.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of biologics market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the biologics market. Additionally, sedentary lifestyle of people and surging geriatric population will result in the expansion of biologics market. Along with this, favourable reimbursement policies will enhance the market's growth rate.
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Biologics Market Regional Analysis/Insights:
The countries covered in the biologics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the biologics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players and rising healthcare expenditure will further propel the market's growth rate in this region. Additionally, increase in strategic collaborations for the development of biologics treatment for acute as well as chronic diseases will further propel the market's growth rate in this region.
Asia-Pacific are expected to grow during the forecast period of 2022-2029 due to surging prevalence of rheumatoid arthritis, kidney and liver disorders in this region. Also, development of healthcare infrastructure and rising geriatric population will further propel the market's growth rate in this region.
It's in your best interest to take this report into consideration because:
- Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
- A complete picture of the competitive scenario of Biologics market is depicted by this report.
- The wide range of research on how these innovations may affect market expansion in the future.
- The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
- The potential, threats, and difficulties in the Biologics market, as well as the factors driving and restraining it, are discussed at length.
- It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
- This study provides a number of strategic business approaches to assist you in making educated business decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Biologics Market: Regulations
- Market Overview
- Global Biologics Market, By Type
- Global Biologics Market, By Drug Class
- Global Biologics Market, By Therapeutic Application
- Global Biologics Market, By Source
- Global Biologics Market, By Manufacturing
- Global Biologics Market, By Drug Type
- Global Biologics Market, By Mode of Purchase
- Global Biologics Market, By Dosage Form
- Global Biologics Market, By Route of Administration
- Global Biologics Market, By End-Users
- Global Biologics Market, By Region
- Global Biologics Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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