Market Research Future published a research report on Global Biologics Market and report contain unique information which is collected through interviews by top industry experts. Researchers predicts that Global Biologics Market is expected to grow at a Strong CAGR of 8.6% during the forecasted period and Biologics Market report include market Analysis, Scope, Stake, Progress, Trends and forecast till 2023.
Biologics Market – Overview
Biologic therapy is the use of drugs to treat a disease which is derived from any living organism. Forms of biological therapy that are used now a days include include monoclonal antibodies, cytokines, enzymes interferon, interleukin-2 (IL-2), and several types of colony- stimulating factors (CSF, GM-CSF, G-CSF). Biologic therapies are mainly used in cancer or auto immune diseases. Some of the biologic therapies stimulate or suppress the immune system to help the body fight chronic diseases such as cancer, infection, and certain other diseases.
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The biologic therapy market is driven by growing research in biotechnology field, prevailing incidence of cancer, toxicity of chemically synthesized drug, increasing patient population, increasing funds in medical research.
The factors that restricting the market growth are regulatory policies, high cost of drug development, drug stability issues, side effects of biology therapy like flu-like symptoms such as chills, fever, muscle aches, weakness, loss of appetite, nausea, vomiting, and diarrhoea, rashes etc., liver enzyme abnormalities.
Global Biologic Market is Expected to Grow at a CAGR of 8.6% during Forecasted Period 2019-2023.
Key Players for Global Biologics Market
- Unilife Corporation (US),
- Sanofi (France),
- Retractable Technologies Inc. (US),
- Smiths Medicals (UK),
- Becton, Dickinson & Company (Germany),
- Terumo Corporation (Japan),
- Pfizer Inc. (US),
- Roche Diagnostics (Switzerland),
- Amgen (US),
- GSK Biologicals (UK),
- Lundbeck (Denmark),
- Novartis AG (Switzerland),
- AstraZeneca (UK),
- Bayer AG (Germany),
- Genzyme (US),
- Merck KGaA (Germany),
- Samsung Biologics (South Korea),
- Celltrion (South Korea),
- Addgene (US),
- Johnson & Johnson Inc. (US),
- Eli Lilly & Company (US),
- Bristol-Myers Squibb (US), Biogen Inc. (US).
Competitive Analysis :
The market trends have also necessitated the need to ensure financial sustainability to invest in growth opportunities as and when they arise. The objective of the firms in the market to grow their shareholder’s value, while enhancing the capability to power their competitive edge has enabled the company’s growth to a great extent. Challengers are also investing a certain amount in innovation so as to provide a certain degree of innovation in the market and expand the avenues for growth especially in the duration of the forecast period. The escalating interest in diversification within the business has indirectly allowed the businesses to utilize several situations obtainable in the market. The chances for increasing revenue inflow in the business are expected to multiply through the forecast period. Companies are also continually attempting to create financial leverage, so as to be better positioned to capitalize on market gains.
Segments :
The biologic market is segmented on the basis of type into proteins, vaccines, blood products, gene therapy and other. Vaccines are additionally sub segmented into attenuated, inactivated, toxoid and conjugate. On the basis of application, the segments contain cancer, anemia, diabetes and others. The basis of segmentation on source comprises of animal, human, microorganism and other. The market segmentation on the basis of regions includes Europe, Middle East, Africa, North America and rest of the world.
Regional Analysis :
North America biologic therapy market is a growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into U.S. and Canada. Increasing aging population leading to rise in patient population, rising prevalence of cancer are likely to enhance the growth of biologic therapy market in the North American region. Additionally, heavy research and development in biologic therapy sector, increasing number of health insurance coverage for serious diseases, growth in companies offering technologically advanced products to the customers and growing government initiative is pushing the growth of the market. For instance, according to United States Census Bureau, around 49.2 million adults aged 65 and above were present in the U.S. as of 2016.Similarly, according to Center for Disease Control And Prevention, in 2015, around USD 3.2 trillion were spend in healthcare expenditure in the US. Similarly rising expenditure by government for research and development is likely to propel the growth of the market. For instance, NIH received USD 1 Billion, in the year 2015 for life science and health related research and development programs.
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Europe is the second largest market and holds a noticeable share in the global biologic therapy market. The European market is expected to grow a strong growth during the forecast period owing to the availability of innovative and advanced treatment facilities, and rising skilled medical professionals. Furthermore, growing older population subsequently giving rise to patient population is likely to enhance the growth of the market. For instance, Eurostat estimated that over 19.2% of population in Europe were aged 65 and above. This rising older population is likely to lead to rising patient population.
Asia Pacific is expected to be the fastest growing market due to increasing prevalence cancer and other lifestyle induced disorders. China is the fastest growing region owing to its large older population, and rising patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure, growing standard of living, and overall growth of healthcare diagnostic and treatment industry also drive the market.
The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and affordability of treatment facilities. In the Middle East, United Arab Emirates is the largest market share owing to the development of healthcare infrastructure and rising skilled medical professionals.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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