Biopharmaceutical Market 2022-2027
The Biopharmaceutical Market is expected to grow on an astounding note shortly. Integrated medical technologies facilitate cloud-based online health records. They thus make way for a well-tuned care plan and invest less time in assimilating pieces of information. This comes through improved workflows and medical IoT. The healthcare vertical would thus go the appropriate remote motoring way shortly.
According to a new market report published by Persistence Market Research “Global Market Study on Biopharmaceuticals: Asia to Witness Highest Growth by 2020”, the global biopharmaceuticals market was valued at US$ 162 Bn in 2020 and is expected to grow at a CAGR of 9.4% from 2020 to 2027, to reach an estimated value of US$ 278 Bn by 2027.
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Biopharmaceuticals are medicinal drugs, produced by isolation of the medicinal products from biological sources such as from animals, plants, humans and microorganisms, using biotechnological techniques such as recombinant DNA technology. They can also be produced using transgenic organisms, particularly animals and plants that have been genetically engineered to produce drugs. These drugs help in prevention and treatment of various diseases such as rheumatoid arthritis, psoriatic arthritis, psoriasis, cardiovascular disease, anemia arising from chemotherapy, chronic renal failure, cancer, and diabetes.
Key Players:
The report has profiled some of the important players prevalent in the global like – Pfizer, Inc., F. Hoffmann-La Roche AG, Johnson & Johnson Services, Inc., Sanofi, Amgen Inc., AbbVie Inc., Merck & Co., Inc., Biogen Idec, Bayer AG, Eli Lilly and Company, and Novartis AG are leading players in the global biopharmaceuticals market. Some of the other players in the biopharmaceuticals market are GlaxoSmithKline Plc, Bristol-Myers Squibb Company, AstraZeneca PLC, and Abbott Laboratories and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Biopharmaceutical Market.
Globally, the biopharmaceuticals market is witnessing significant growth due to increasing prevalence of chronic diseases, rising aging population, technological advancements in biopharmaceuticals, and increasing R&D investments. In addition, the capability of biopharmaceuticals to approach a particular target with high efficacy helps in the treatment of various chronic diseases and disorders.
Biopharmaceuticals, such as monoclonal antibodies, hormones, cytokines, clotting factors, cell therapies, antisense drugs, recombinant insulin, and vaccines, have the potential to prevent, treat, and completely heal the diseases which are otherwise difficult to cure or have no available treatment. This, in turn, fuels growth of the biopharmaceuticals market.
The biopharmaceuticals market is segmented as follows:
By Type
- Monoclonal antibodies
- Erythropoietin
- Granulocyte-colony stimulating factor (G-CSF)
- Purified proteins
- Recombinant proteins
- Recombinant human insulin
- Growth hormones
- Interferon
- Vaccines
- Others
By Therapeutic applications
- Metabolic disorders
- Oncology
- Neurological disorders
- Cardiovascular diseases
- Inflammatory and infectious diseases
- Others
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Biopharmaceutical Market Manufacturers
Biopharmaceutical Market Distributors/Traders/Wholesalers
Biopharmaceutical Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Biopharmaceutical Market – Report Highlights
- A detailed overview of parent market of Biopharmaceutical Market
- Changing Biopharmaceutical Market dynamics in the industry
- In-depth segmentation of the Biopharmaceutical Market
- Historical, current, and projected Biopharmaceutical Market size regarding volume and value
- Recent industry trends and developments in Biopharmaceutical Market
- Competitive landscape of the Biopharmaceutical Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Biopharmaceutical Market performance
- Must-have information for Biopharmaceutical Market players to sustain and enhance their market footprint
Key Questions Answered in the Biopharmaceutical Market Report
How is the Biopharmaceutical Market expected to grow over the projected period?
What direction is the Biopharmaceutical Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Biopharmaceutical Market in future?
What are the key market drivers in the Biopharmaceutical Market?
What are significant opportunities and improvement areas for Biopharmaceutical Market manufacturers?
What are the key developments and trends taking over the Biopharmaceutical Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Biopharmaceutical Market?
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