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Chicago, IL -- (SBWIRE) -- 09/22/2016 -- According to the report, "Biologics Market (2014 - 2022), By Products (Vaccines, Human Cells and Tissues, Gene Therapies, Xenotransplantation Products, Blood and Blood Product, Proteins and Allergenic Extracts), Source Materials (Avian Cell Culture, Bacteria, Transgenic, Yeast, Insect Cell Culture and Humans), Applications (Cancer, Diabetes, Rheumatoid Arthritis, and Anemia), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Global Opportunity Analysis and Industry Forecast", the market for biologics is expected to witness steady growth during the forecast period.
The biologics market report forecasts the revenue and growth trends for the global market. It also offers granular analysis of the market share and segmentation, along with the deeper understanding of the key drivers and restraints for this market.
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According to the biologics market report, the global market is expected to witness healthy growth during the forecast period. The report attributes this growth of the market to various driving factors. The major driving factors mentioned in the report include technological advancements and favorable government initiatives. Apart from that, strong rise in the instances of chronic diseases and expiry of patents are also some of the key driving factors for this market. The rapidly increasing research and development activities in this field are also expected to drive the growth of the global market. The major restraining factors include controlling the environmental factors, such as heat, moisture, and light.
The global biologics market report segments this market by the types of products, source materials, applications, and the major geographic regions. The types of products include human cells and tissues, vaccines, protein and allergenic extracts, blood and blood products, Xenotransplantation products, and gene therapies. The source material segments include bacteria, avian cell culture, humans, insect cell culture, yeast, and transgenic. The major application segments of the market include diabetes, cancer, anemia, and rheumatoid arthritis. The geographic regions include Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa.
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The key players mentioned in the biologics market report include AstraZenica, Bayer AG, Becton, Dickinson & Company, Genzyme Corporation, GlaxoSmithKline Biologicals, Lundbeck A/S, Merck KGaA, Novartis AG, H, Pfizer, Inc., Retractable Technologies, Inc., Terumo Corporation, Roche Diagnostics, Smiths Medical, Unilife Corporation, and such others. According to the report, the emerging markets are expected to present impressive business opportunities during the forecast period. North America is expected to dominate the global market based on the market share and revenue.
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