Market Insights & Analysis: Global Biologics Market (2024-30):
The Global Biologics Market size is valued at USD 408.5 billion in 2023 and is projected to grow at a CAGR of around 8.25% during the forecast period, i.e., 2024-30.
Comprehensive Overview of the Biologics Market
Utilizing both primary and secondary research methodologies, the Biologics Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Global Biologics Market Trend: Rising Demand for Personalized Medicine Augmenting the Biologics Market Growth
In recent years, there has been a significant increase in the demand for personalized medicines among patients and healthcare professionals across the globe, as they meet the specific needs of an individual. Hence, as biologics can be modified and engineered to fit these requirements, it has been used largely by pharmaceutical companies for the development of personalized medicines, which have been offering more effective & patient-centric treatment options. Thus, the demand for personalized medicine has emerged as a new trend in the Global Biologics Market in recent years.
Moreover, in addition to the development of precision medicines, biologics also play a major role in the identification and development of diagnostic tools such as biomarkers, which allow disease diagnosis. Consequently, with advancements in the usage of biologics for the development of diagnostic methods and precision medicines, it is anticipated to contribute to the market growth in the coming years as well.
Biologics Market Segmentation:
By Therapeutic Application
-Oncology
-Infectious Disease
-Autoimmune Disease
-Diabetes
-Cardiovascular Diseases
-Others (Inflammatory Bowel Diseases, Respiratory Disorders, Ophthalmic Disorders, etc.)
- The Oncology segment witnessed substantial market growth during historical years.
By Drug Class
-Recombinant Proteins
–Hormones
–Cytokines
-Monoclonal Antibodies
-Blood & Blood Components
-Cellular & Gene Therapy
-Vaccines
-Others
By Source
-Microbes
-Humans
-Others (Rodents, Plants, etc.)
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Biologics Market Key Players:
The following players are featured in this report:
Bristol-Myers Squibb, Pfizer, Sanofi, Janssen Biotech, Inc., Bayer AG, Merck & Co., Amgen Inc., Abbott GmbH, Novartis, AstraZeneca Plc, GlaxoSmithKline Biologicals, Moderna, Inc., Ferring Pharmaceuticals Inc., Aimmune Therapeutics, Inc., F. Hoffman La Roche, and Others
Regional Analysis:
The report has analyzed the global Biologics Market in the following regions:
- North America: USA, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above. The research also includes key features of the worldwide Biologics Market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
Key Questions Answered in the Biologics Market Report are:
- Which are the major companies in the Biologics Market?
- Which is the potential market for Biologics Market in terms of the region?
- Which application area of Biologics Market is expected to grow at a significant rate in the market in coming years?
- What are the opportunities for new market entrants?
- What will be the Biologics Market size by forecast period?
- What are the growth prospects for the Biologics Market?
- What is the base year considered in the Biologics Market report?
- Which region holds the largest market share in the Biologics Market?
- What factors are anticipated to drive the Biologics Market?
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