According to MarketIntelReports’ “Global Biologics Market -Analysis and Forecast (2017-2025) (Focus on Pipeline Analysis, Product Type, Therapeutic Application, Country Analysis, and Market Dynamics)”:
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Biologics are genetically engineered proteins which are derived from human genes. They consist of proteins, sugars, nucleic acids or even the cells and tissues. The biologic pill is derived from natural sources like humans, microorganisms, and animals. The introduction of targeted therapies along with the growing adoption of patient centric personalised medicines spur the growth of the Biologics Market in the future. Increasing metabolic disorders will also drive the demand for biological therapy. It has given a powerful treatment to many serious infections. There is a lot of scope for pharmaceutical organisations in this market.
Scope & Regional Forecast of the Biologics Market
The increasing adoption of Biopharmaceuticals enhances the revenue for the Biologics Market. The combination of advanced bioengineering technologies for biopharmaceutical production will drive the demand for medical biology. North America dominates the market due to the presence of many key players in the region.
Growing incidences of chronic diseases and their diagnoses across the world are the other drivers for the injectable biologics. Initiatives in healthcare and developing technological advancements in R&D help to sustain in the market.
The factors which restrict the growth of biologic pharma are difficulty in manufacturing. Biologics must be processed under controlled conditions during production. This type of atmosphere is not available in less developed countries.
Biotechnology drugs will experience lucrative growth in the future. Pharmaceutical companies are now concentrating on developing biopharmaceutical products to attain top position in the market. Novel molecules provide safer options for patients who have undergone treatment. This has proven to be effective and safe. Scientists have been trying to find out species which can deliver better results.
Segmentations & Key Players Involved in the Biologics Market
The Biologics Market can be broken down into various segments as follows:
- Region- North America, Europe, Latin America, Middle East, Africa and Rest of the world.
Some of the key players involved in the Biologics Market are as follows:
- Novartis AG
- Johnson & Johnson
- GlaxoSmithKline plc
- Teva Pharmaceutical Industries Ltd
- Bayer AG
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