Biopharmaceuticals Market Research Report

 

GMI Research's recent analysis, global biopharmaceutical market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The increasing geriatric population, the rising burden of chronic diseases, and growing inclination toward targeted therapy are the factors driving the growth of the biopharmaceutical market.

Biopharmaceuticals Market Overview:

Biopharmaceuticals refer to a large molecule used as medicinal drugs. Biopharmaceutical drugs are developed through complex biotechnological methods, including hybridoma techniques, recombinant DNA techniques, and purification processes. Biopharmaceutical production involves the use of living microorganisms, animal, or plant cells. These drugs help prevent and treat several diseases such as rheumatoid arthritis, cardiovascular disease, psoriasis, psoriatic arthritis, anaemia arising from chemotherapy, cancer, chronic renal failure, and diabetes.

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Biopharmaceuticals Market Dynamics

Some of the major factors contributing to the growth of the global biopharmaceuticals market include rising incidence of chronic diseases, growing geriatric population, and increased R&D investments for formulation and development of biologics. Presently more than a thousand large molecules are undergoing clinical trials. As per the biopharmaceuticals market analysis, the increase in strategic collaborations between biopharmaceutical companies and Contract Research Organization & Contract Manufacturing Organization is also projected to boost the growth of the biopharmaceutical market. Furthermore, technological advancement in biopharmaceutical manufacturing and the growth of biosimilar are also enhancing the demand for biopharmaceutical products in the upcoming years. On the other hand, cost containment and strict regulation will hinder the growth of the biopharmaceuticals industry.

The growing elderly population, increased prevalence of chronic diseases such as cancer and diabetes, and growth in the adoption of biopharmaceuticals across the globe will fuel the market growth. In addition to this, the increase in strategic collaborations among biopharmaceuticals companies is also expected to bolster the growth of the biopharmaceutical industry. Biopharmaceuticals have thereby been seen to decrease the number of deaths due to cancer and HIV/AIDS in the past years, leading to an upsurge in the adoption of biopharmaceuticals in the global market. The increasing prevalence of chronic diseases is one of the significant factors that is propelling the growth of the biopharmaceuticals market size in the USA.

Key Players of the Global Biopharmaceuticals Market:

·        Sanofi

·        F. Hoffmann-La Roche

·        AbbVie Inc

·        Pfizer, Inc.

·        Merck & Co., Inc.

·        Novartis AG

·        Johnson & Johnson

·        GlaxoSmithKline

·        Eli Lilly and Company

·        AstraZeneca PLC

·        Bayer AG

Biopharmaceuticals Market Segmentation:

Global Biopharmaceuticals Market Report Segment by Product Type:

·        Monoclonal antibody

·        Interferon

·        Insulin

·        Growth factor

·        Erythropoietin

·        Vaccine

·        Hormone

·        Others

Global Biopharmaceuticals Market Report Segment by Therapeutic Application:

·        Oncology

·        Blood disorder

·        Metabolic disease

·        Infectious disease

·        Cardiovascular disease

·        Neurological disease

·        Immunology

·        Others

Global Biopharmaceuticals Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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