According to IMARC Group latest report titled “Biologics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on biologics market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biologics market reached a value of US$ 294 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 501.9 Billion by 2027, exhibiting a CAGR of 9.25% during 2022-2027.
Biologics refers to the disease-modifying antirheumatic drugs (DMARDs) that contain components of living organisms. It includes several products that are derived from microorganisms, humans, and animals using biotechnological solutions, such as vaccines, blood, cells, genes, tissues, allergens, etc. Biologics consists of proteins that control the action of cellular processes, modify human hormones, and activate constituents of the immune system. It also aids in reducing the swelling of joints, improving the quality of the skin, minimizing gastrointestinal inflammation, etc. As a result, biologics is widely utilized to treat various medical ailments, including ulcerative colitis, arthritis, autoimmune disorders, Crohn’s disease, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The increasing incidences of numerous chronic diseases, such as cancer, psoriasis, diabetes, etc., are primarily driving the biologics market across the globe. Furthermore, the growing consumer awareness towards the benefits of gene-based biologics in the treatment of several diseases and disorders, such as migraine and muscular degeneration, is also propelling the market growth. In line with this, the launch of various favorable initiatives by government bodies to promote the availability of biologics-related solutions is acting as another significant growth-inducing factor. Additionally, the introduction of novel biologic therapeutics for cancer treatments is further augmenting the global market. Apart from this, the development of advanced oral variants for the treatment of rheumatoid arthritis is projected to fuel the biologics market over the forecasted period.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- AbbVie Inc.
- Amgen Inc.
- AstraZeneca plc
- Hoffmann-La Roche Ltd
- GlaxoSmithKline plc
- Johnson & Johnson
- Merck KGaA
- Novartis AG
- Pfizer Inc.
Biologics Market Segmentation:
Our report has categorized the market based on region, source, product, disease and manufacturing.
Breakup by Source:
Breakup by Product:
- Monoclonal Antibodies
- Recombinant Proteins
- Antisense, RNAi and Molecular Therapy
Breakup by Disease:
- Immunological Disorders
- Cardiovascular Disorders
- Hematological Disorders
Breakup by Manufacturing:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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