Biologics is a new class of protein-based therapeutics that are produced using living organisms, including plants, animals, and microorganisms such as yeast & bacteria. Compared to the more traditional drug, such as aspirin, this new class of medicine is inherently more complex and cannot be synthesised by chemicals means alone. The nature of biologics is vital that pharmacist becomes well informed about the origin of this new therapeutics.
South America Biologics Market Size & Growth:
The South 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 South America biologics market forecasts period from 2019-2025. Some of the key drivers that are driving South America biologics market growth are increasing capital investment from critical players, rise in the prevalence of chronic diseases, growing demand & higher acceptability for innovative therapies and others. 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. So, rise in the prevalence of chronic diseases boosting biologics market. The initial stage challenge for biologics market is a stringent regulatory process & high capital investment decides
South America Biologics Market Share:
South 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 are bound to the
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 in the treatment of cancer to kill cancer cells by body immune system. Concerning geography, the market is segmented into Brazil, Argentina & Others. Brazil is predicted to be a dominant market in the biologics market during 2019 – 2025. Argentina is said to be the fastest growing market regarding biologics. Increasing capital investments from crucial players is boosting the biologics market.
South America Biologics Market Trends:
South America Biologics Market Research Report:
Starting from $2700
Starting from $2700
Starting from $2700
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