The Worldwide Biologics Market is growing with a sound pace. According to a recent study report published by the Market Research Future, the Global Biologics Market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a sound growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2018 – 2027).
The 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.
Global Biologics Market – Regional Analysis:
Geographically, the North America has the largest biologic drug market. Due to increasing prevalence of diseases like Cancer and diabetes in the North America is the major factor for the growth of the market. North America is followed by Europe in biologic market. Asia Pacific is the fastest growing region for biologic market. Biologic market growth of Asia Pacific is majorly driven by Japan, China and India. Beside this a huge population base in this region has provided a fuel for the growth of the market. Middle East and Africa has the least biologic market.
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Worldwide Biologics Market – Competitive Analysis:
AbbVie, Amgen, Biogen Idec, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline plc., Johnson and Johnson, Merck and Co., Merck KGaA, Novartis, Pfizer, F. Hoffmann-La Roche Ltd, and Sanofi are some of the prominent players at the forefront of competition in the Global Biologics Market and are profiled in MRFR Analysis.
Characterized by the presence of several well-established and small players, the global biologics market appears to be highly competitive and fragmented. International players are expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
Merck KGaA is one of the prominent players in the Global Biologics Market and is headquartered in Darmstadt, Germany. In January 2017, the company acquired acquired BioControl Systems Inc., a global leader in food safety testing. The acquisition opened growth opportunities for Merck in the food and beverage space; particularly in the U.S.
Major TOC of Global Biologics Market Research Report – Forecast to 2023
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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