Monoclonal Antibodies Leading the way in Multi-billion Dollar Biopharmaceuticals Industry
HYDERABAD, India, November 7, 2016 /PRNewswire/ --
According to the report "Global Bio Pharmaceuticals Market" published by Market Data Forecast, the global market is projected to reach USD 250.62 Billion by 2021, at a CAGR of 9.2% from 2016 to 2021.
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Biopharmaceuticals industry has come a long way since approval of its first drug. Now, several drugs have already been approved and many more are in last stages of their clinical trial. These drugs have not only innovated the prevention and treatment of a number of life threatening diseases but have also delivered the thrust for the constant success of the pharmaceutical industry.
Major factors driving the growth of the market are rising healthcare expenditure, growing awareness regarding biopharmaceutical drugs and increasing aging population. Ability of these drugs to treat chronic diseases which were earlier untreatable is increasing its demand enormously and also increases the profit margin for manufacturers.
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The Global Biopharmaceuticals Market is segmented and analysed as follows
By Product Type:
- Monoclonal Antibodies (mAb)
- Biotech Vaccines
- Recombinant Human (RH) Insulin
- Granulocyte colony-stimulating factor (G-CSF)
- Human growth hormones (HGH)
By Therapeutic Type:
- Infectious diseases
- Other Therapeutic Areas
- North America Biopharmaceuticals Market
- Europe Biopharmaceuticals Market
- Asia-pacific Biopharmaceuticals Market
- Latin America Biopharmaceuticals Market
- Middle-East and Africa Biopharmaceuticals Market
Merck & Co., Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company, Inc., Sanofi, Amgen Inc., AbbVie Inc., Biogen Idec, Bayer AG, Johnson & Johnson Services, Pfizer, Inc., and Novartis AG are some of the leading players in the market for biopharmaceuticals.
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Scope of the Biopharmaceuticals Market Study:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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SOURCE Market Data Forecast