Global Biologics Market – Size, Outlook, Trends and Forecast (2024

Global Biologics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

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

Biologics treat diseases like cancer, rheumatoid arthritis, and many more 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.

Global Biologics Market Size & Growth:

The global biologics market was valued to be nearly $255 billion in 2017 and is expected to reach over $XX billion by the end of 2025 with a CAGR of almost 11.0% during the global biologics market forecasts period 2019-2025. Some of the key drivers that are driving global 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 global market. Increasing population & changes in social behaviour are contributing to a steady rise in these common & costly long-term health problems. The middle class is increasing, and the urbanisation is fast-tracking and adopting a more inactive lifestyle. This is increasing obesity rates and causing many diseases with 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. So, rise in the prevalence of chronic diseases boosting biologics market. Biologics drugs are highly complex & required to control & maintain throughout the development & production process.

Global 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

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 global biologics market. Based on global biologics market outlook, cancer application market size is estimated to proliferate. Since the demand for usage of biologics in cancer treatment. According to global biologics market analysis, global biologics market size will increase eventually high in forecast period from 2019-2025.

Global Biologics Market Share:

Global biologics market is classified by products, applications and geography. By the product, the market in monoclonal antibodies segment of the biologics market is estimated to grow

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Global 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. These antibodies are made by different immune cells that are all clones of a unique parent cell. These antibodies have a monovalent affinity and bind to the same epitope to treat cancer. Regarding application, the market in cancer application of the biologics market is

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