Market Analysis
The global biologics market is predicted to touch
USD 425 million at an 7.6% CAGR between 2022- 2030, according to the new report
by Market Research Future (MRFR). Biologics simply put, are drugs that are
available in the form of genetically engineered proteins that are derived from
the human gene. It is composed of nucleic acids, proteins, sugars, or its
complex combinations, or living entities like tissues and cells. Biologic drugs
are made from different natural sources like microorganisms, animals, or humans
and comprise products like tissues, gene therapy, somatic cells, allergenics,
blood & blood components, vaccines, and recombinant therapeutic proteins.
Complex processes and advanced biotechnology techniques are used for
manufacturing biologics. These are at the forefront of biomedical research.
Various factors are adding to the global
biologics market growth. According to the new MRFR report, such factors include
increasing use to treat diabetes and cancer, rising prevalence of chronic diseases
worldwide, convergence & better access to healthcare, and burgeoning demand
for better treatment.
On the contrary, associated side effects such
as breathing problems, chest pain, change in blood pressure, and
gastrointestinal complications, and strict government regulations are factors
that may limit the biologics market growth over the forecast period.
Market Segmentation
The MRFR report gives an inclusive segmental
analysis of the global biologics market report based on type, application, and
source.
By type, the global biologics market is
segmented into gene therapy, proteins blood products, vaccines, and others. Of
these, the vaccines segment will lead the market over the forecast period.
By application, the global biologics market is
segmented into diabetes, cancer, anaemia, and others. Of these, the cancer
segment will dominate the market over the forecast period.
By source, the biologics market growth is segmented into
microorganisms, animals, humans, and others.
Regional Analysis
Based on the region, the global biologics
market report covers the growth opportunities and recent trends across North
America, Europe, the Asia Pacific (APAC), & the Middle East & Africa.
Among these, North America will dominate the market over the forecast period.
Increasing cancer and diabetic population, government support for R&D,
increasing healthcare expenditure, systematic drug review process, and rising
technological advances in healthcare are adding to the global biologics market
growth in the region. Germany and the UK have a maximum share in the region.
The global biologics market in Europe is
predicted to have the second-largest share over the forecast period. Presence
of healthcare infrastructure that is technically advanced, regulatory harmonization,
high patient awareness, rising funding to develop biologics accessible through
private-public partnerships, and accessibility of best quality research
infrastructure are adding to the biologics market growth in the region.
Additional factors adding market growth include innovative strategies by drug
makers to limit the entry of new players, and rising disease incidences.
The global biologics market in the APAC region
is predicted to grow at a fast pace over the forecast period. Rapidly growing
economies such as China & India, rapid development of the healthcare
sector, increasing awareness about the success of biologics to treat chronic
diseases, less strict regulatory environment for the clinical trial of drugs,
and increase in outsourcing of biologics contract manufacturing in emerging
countries is adding to the biologics market growth in the region.
Key Players
Leading players profiled in the global
biologics market report include Biogen Inc. (US), Bristol-Myers Squibb (US),
Eli Lilly & Company (US), Johnson & Johnson Inc. (US), Addgene (US),
Celltrion (South Korea), Samsung Biologics (South Korea), Merck KGaA (Germany),
Genzyme (US), Bayer AG (Germany), AstraZeneca (UK), Novartis AG (Switzerland),
Lundbeck (Denmark), GSK Biologicals (UK), Amgen (US), Roche Diagnostics
(Switzerland), Pfizer Inc. (US), Terumo Corporation (Japan), Dickinson &
Company (Germany), Becton, Smiths Medicals (UK), Retractable Technologies Inc.
(US), Sanofi (France), and Unilife Corporation (US).
About Market Research
Future:
At Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
Comments
Post a Comment