The ‘Global Biopharmaceuticals Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global biopharmaceuticals market, assessing the market on the basis of its segments like product type, therapeutic aaplication, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Biopharmaceuticals Market Share, Size, Growth, Price, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.6%
The increasing prevalence of chronic diseases, such as cancer and diabetes, among others, is one of the major reasons for the market development. Healthcare providers are increasingly investing in the development of novel drugs and treatment solutions, which can significantly aid in the development of the market.
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The COVID-19 pandemic has played a major role in promoting biopharmaceuticals as it was an integral part of the vaccine production process. Many major and emerging market players have increased their efforts to promote and advertise new products through various mediums, which has raised awareness of such products.
The growing geriatric population around the world is one of the significant factors propelling the market value for biopharmaceuticals. This has propelled healthcare institutions to increase their focus on development of biopharmaceuticals.
Biopharmaceutical Industry Definition and Major Segments
Biopharmaceuticals is a medicinal drug that is produced by utilizing living cells and organisms that are manufactured by using latest biotechnology methods. Biopharmaceuticals is one of the most popular branches of medicine as it has gained as it has gained wide recognition in numerous fields of healthcare. It is increasingly being used as an effective treatment method for diseases, such as cancer and metabolic disorders.
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The segments of the market, based on product type, include the following:
• Monoclonal Antibodies
o Anti-Cancer Monoclonal Antibodies
o Anti-Inflammatory Monoclonal Antibodies
• Recombinant Growth Factors
o Granulocyte Colony Stimulating Factor
• Purified Proteins
o Leukemia Inhibitory Factor (LIF)
o P53 Protein
o P38 Protein
• Recombinant Proteins
o Serum Albumin
o Amyloid Protein
• Recombinant Hormones
o Recombinant Human Growth Hormones
o Recombinant Insulin
o Recombinant Vaccines
Hepatitis B Vaccine
o Conventional Vaccines
• Recombinant Enzymes
• Cell and Gene Therapies
o Allogenic Products
o Autologous Products
o Acellular Products
• Synthetic Immunomodulators
o Cytokines, Interferons, and Interleukins
The market divisions, based on therapeutic application, include the following:
• Inflammatory and Infectious Diseases
• Autoimmune Disorders
• Metabolic Disorders
• Hormonal Disorders
• Cardiovascular Diseases
• Neurological Diseases
Based on region, the market for biopharmaceuticals can be segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Biopharmaceuticals Market Trends
Biopharmaceutical products are widely accepted among people as they can provide better treatment for the disease. Rising focus on research and development and the launch of approved products can provide tremendous growth to the market. Based on regions, North America is expected to hold a major share of the market owing to increasing investments in research and development by market players due to the growing burden of chronic diseases.
Key Market Players
The major players in the biopharmaceuticals market report include:
- Amgen Inc.
- AbbVie Inc.
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- Novo Nordisk A/S
- Pfizer Inc.
- GlaxoSmithKline plc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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