Pune, India -- (SBWIRE) -- 10/13/2017 -- Executive Summary:
Market Research Future published new report, titled "Biologics Market -Research Report: Global Forecast to 2027".
Pune, India, May 10, 2017/MRFR Press Release/- Market Research Future published a half cooked research report on "Global Biologics Market Research Report - Forecast to 2027" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Global Biologics Market – Overview
Biologics also known as biopharmaceutical is a medical drug, extracted or semi Synthesized from biological sources. Different from totally synthesized pharmaceuticals, they include vaccines, blood, blood components, allergenic, somatic cells, gene therapies, tissues, recombinant therapeutic protein, and living cells used in cell therapy. Biologics can be composed of sugars, proteins, or nucleic acids or complex combinations of these substances, or may be living cells or tissues. They (or their precursors or components) are isolated from living sources—human, animal, plant, fungal, or microbial.
Biologics market is at risk over the forthcoming years due to leading biologic drugs expected to lose exclusivity over the next few years. The patented biologic drugs are expected to be replaced by biosimilar drugs. Competition is expected to be limited in the market as the drugs are expected to be formed using various types of innovative technologies. Increasing geriatric population, early onset of ageing, increasing awareness for technologically advanced medical procedures and drugs, higher spending power, and rising incidence of chronic diseases such as cancer, rheumatoid arthritis, etc. are some of the factors expected to drive the growth of biologics market. The global market for biologics is expected to experience a slow but steady growth with a low rate of CAGR during 2017 – 2027, predicts the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 115 pages.
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Global Biologics Market –Key Players
Biologics market is no exception when it comes to adopting prevailing trends, to sustain the market position and to drive the market; Key Players of the market adopt the same prevailing trends such as merger & acquisition or strategic collaboration and investing in local manufacturers in emerging economies for product developments and manufacturing activities
Pharmaceutical giants have invested heavily in the field of biologics, which has interpreted as capacity expansion plan and intensive R&D with an aim of obtaining vast growth opportunities.
Identified and profiled in MRFR analysis; Some of the key players in this market are: AbbVie, Amgen, Biogen Idec, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline, Johnson and Johnson, Merck and Co., Merck KGaA, Novartis, Pfizer, Roche Diagnostics, Sanofi and others.
Global Biologics Market – Segments
The Global Biologics Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation on the basis of Product Type : Comprises vaccines, blood and blood products, allergenic extracts, human cells and tissues, proteins and others.
Segmentation by Application : Comprises Rheumatoid arthritis, Renal failure, Anemia, Cancer, Diabetes and others
Segmentation by Source: Comprises Humans, Avian Cell Culture, Yeast, Bacteria, Insects Cell Culture, Transgenics and others
Global Biologics Market – Synopsis and Scenario
Biologics market growth is propelled by the factors such as growing incidence of chronic diseases and their diagnoses across the globe, increased availability of advanced diagnostics, rising government initiatives in healthcare and growing technological advancements in research, development across the globe by the key producers to sustain competition and invest in incremental innovation and the rising regulatory convergence and better access to healthcare for all nations.
Biologics market growth restraints include difficulty in manufacturing, as the drugs are highly complex in nature. They must be processed under tightly controlled conditions/controls, maintained throughout the production process. This type of atmosphere and quality control procedures are not easily available in less developed nations. Environmental contamination needs to be eliminated from the manufacturing process. Further, biologics are extremely susceptible to light, heat conditions, and need extremely good refrigeration processes, which is not available uniformly throughout the world.
Biologics Market – Regional Analysis
Globally North America is the largest market for biologics. The North American market for biologics is expected to grow at a decent rate of CAGR and is expected to value in millions of USD by the end of the forecasted period. Europe is the second-largest market for biologics which is expected to grow at a considerable CAGR. Asia pacific region is expected to be growing in biologics market.
Market Assessment:
The report for Global Biologics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
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