Market Synopsis of Biologics Market:
Biologics market is at risk over the forthcoming years due to leading biologic drugs expected to lose exclusivity over the next few years. The patented biologic drugs are expected to be replaced by biosimilar drugs. Competition is expected to be limited in the market as the drugs are expected to be formed using various types of innovative technologies. Increasing geriatric population, early onset of ageing, increasing awareness for technologically advanced medical procedures and drugs, higher spending power, and rising incidence of chronic diseases such as cancer, rheumatoid arthritis, etc. are some of the factors expected to drive the growth of biologics market. The global market for biologics is expected to grow.
Global Biologics market has been segmented
- On the basis of product type which comprises of vaccines, blood and blood products, allergenic extracts, human cells and tissues, proteins, gene therapies, cellular therapies, xenotransplantation products and others.
- On the basis of applications, which consist of Rheumatoid arthritis, renal failure, Anemia, Cancer, Diabetes and others.
- On the basis of Source, which consist of Humans, Avian Cell Culture, Yeast, Bacteria, Insects Cell Culture, Transgenics and others.
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Some of the key players in this market are:
- Biogen Idec,
- Bristol-Myers Squibb,
- Eli Lilly and Company,
- Johnson and Johnson,
- Merck and Co.,
- Merck KGaA,
- Roche Diagnostics
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- Biologics suppliers
- Contract Research Organizations (CROs)
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Study Objectives Biologics Market:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the biologics market
- To provide insights about factors affecting the market growth
- To analyze the biologics market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
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Regional Analysis of Biologics Market:
Globally North America is the largest market for biologics. The North American market for biologics is expected to grow by the end of the forecasted period. Europe is the second-largest market for biologics which is expected to grow. Asia pacific region is expected to be growing in biologics market.