Europe Biologics Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
The diseases that are treated by biologics are cancer, rheumatoid arthritis and many other rare diseases for which there were no previous treatment options. Biologics come from the new class of protein-based therapeutics that are produced using living organisms, including plants, animals, and microorganisms such as yeast & bacteria. Any medical product that is originated from living organisms is considered to be biologic products.
Europe Biologics Market Size & Growth:
The Europe biologics market was valued to be nearly $XX billion in 2017 and is expected to reach over $XX billion by the end of 2025 with a CAGR of almost XX% during the Europe biologics market forecasts period from 2019-2025. Some of the key drivers that are driving Europe biologics market growth are increasing capital investment from critical players, rising prevalence of chronic diseases, growing demand & higher acceptability for innovative therapies and others. The rise in the prevalence of chronic diseases is driving the Europe market. Increase in population & changes in social behaviour is contributing to a steady rise in these common & costly long-term health problems. The middle class is increasing and the urbanisation fast-tracking, adopting a more inactive lifestyle. This is increasing obesity rates and causing many diseases such as diabetes on top. Based on the World Health Organization report, chronic disease prevalence is expected to rise by 57% by the year 2020. Emerging markets will be hardest hit, as population growth is expected to be most significant in developing nations. Rising prevalence of chronic diseases boosting biologics market. Biologics drugs are highly complex & required to control & maintain throughout the development & production
Europe Biologics Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
process. This regulated environment & quality control procedures involve huge capital investment in the initial state of the process. Additionally, biologics are most susceptible to light, heat conditions, and need an auspicious environment that is not available uniformly across the globe. In most emerging markets, currently, biologics have little presence. Stringent regulatory policies and high-capital investment coupled with limited patient access to reasonable biologics mainly in the developing countries owing to the increasing control and cost for accessing biologics are likely to obstruct the growth of the Europe biologics market. Based on
Europe biologics market outlook,
cancer application market size is estimated to proliferate. Since the demand for usage of biologics in cancer treatment. According
to Europe biologics market analysis,
Europe biologics market size will increase eventually high in forecast period from 2019-2025.
Europe Biologics Market Share:
Europe biologics market is classified by type, products, application and geography. By the product, the market in monoclonal antibodies segment of the biologics market is estimated to grow
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Europe Biologics Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
at the fastest CAGR during the forecast period. Since these antibodies are made by different immune cells that are all clones of a unique parent cell. These antibodies have a monovalent affinity, and they bind to the same epitope to treat cancer. Regarding application, the market in cancer application of the biologics market is
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