North America 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
Biologics are the new class of protein-based therapeutics that are produced using living organisms, including plants, animals, and microorganisms such as yeast & bacteria. Biologics are used to treat diseases like cancer, rheumatoid arthritis and many more rare diseases. Any medical product that is originated from living organisms is considered as biological products.
North America Biologics Market Size & Growth:
The North America 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 North America biologics market forecasts period 2019-2025. The initial stage challenge for biologics market is a stringent regulatory process & high capital investment decides the market. Biologics drugs are highly complex and required to control & maintain throughout the development & production process. This regulated environment & quality control procedures involve huge capital investment. Additionally, biologics are most susceptible to light, heat conditions, and need an extremely promising environment that is not available uniformly across the globe. 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 North America biologics market growth. Key drivers driving North America biologics market growth are increasing capital investment from critical players, rising prevalence of chronic diseases, growing demand & higher acceptability for innovative therapies and others. Rising prevalence of chronic diseases is driving the North America market. Increase in population & changes in social behaviour is
North America 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
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 leading 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. Based on
the North America biologics market outlook,
cancer application market size is estimated to proliferate. According
to the North America biologics market analysis,
North America biologics market size will increase during the forecast period 2019-2025.
North America Biologics Market Share:
North America biologics market is classified by types such as by products, by applications and by geography. By the product, the market in monoclonal antibodies segment of the biologics market is estimated to grow at the fastest CAGR during the forecast period. 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 estimated to grow at the fastest CAGR during the forecast period. This growth can be due to increasing demand for biologics
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North America 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
in the treatment of cancer, and this treatment is used to kill cancer cells by body immune system. Concerning geography, the market is segmented into U.S, Canada & Mexico. The U.S is predicted to be a dominant market in the biologics market during 2019 – 2025. Major Biologics companies are based in the U.S. Also, the region has the significant biologics teams in the world and consequently produces high
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