The
global biological drugs market is estimated at USD 161,056.5 million
in 2014 and is expected to grow at a CAGR of 10.1% from 2014 to 2020,
to reach an estimated value of USD 287,139.7 million in 2020.
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the full Biological Drugs Market Report at
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The
biological drugs market is witnessing a significant growth due to the
increasing prevalence of chronic diseases and increase in the global
geriatric population. Biological drugs are used in treatment and
prevention of various diseases such as cancer, blood-related
diseases, auto-immune diseases and other medical disorders. Moreover,
various government associations are also promoting the usage of
biological drugs. Furthermore, advancement in biomedical sciences
holds immense potential for the growth of the biologic drugs market.
On
the other hand, high cost of biological drugs and patent expiry of
blockbuster drugs impede the growth of the market. Moreover, the risk
of adverse effects associated with biologic injectable drugs is also
one of the key restraints of the market. As a result, biological
drugs market is expected to grow a CAGR of about 10.1% during
2014-2020.
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Press Release of Biological Drugs Market @
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North
America is the largest market for biological drugs. Increased use of
biological drugs for the treatment of diseases such as cancer,
diabetes and other chronic diseases are supporting the growth of the
biological drugs market in the region. The American Center for
Biological Medicine (ACBM) is one of the largest biological medicine
clinics in the U.S.
Similarly,
the European biological drugs market is growing rapidly due to
increased usage of biological drugs for the treatment of various
chronic diseases such as diabetes, cancer and inflammatory diseases.
In
Asia, low manufacturing cost is attracting many biological
manufactures to invest in Asian countries, supporting the growth of
the biological drugs market. Moreover, Asian governments are also
supporting growth of the biological drugs market by increased
investment on biotech companies for construction of R&D and
manufacturing facilities.
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Novartis
AG, Pfizer Inc., GlaxoSmithKline plc. and Merck & Co., Inc. are
the some of the leading players in the global biological drugs
market. Other major players of biological drugs market include Abbott
Laboratories, Biogen Idec and Amgen Inc.
The
global market of biological drugs is segmented as follows:
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all Press Releases:
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Biological
Drugs Market, By Therapeutic Protein
Enbrel
Lantus
Neulasta
Avonex
NovoLog
Rebif
Humalog
Aranesp
Epogen
Levemir
Victoza
Betaseron
Neupogen
Eylea
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all Article :
http://www.transparencymarketresearch.com/articles.htm
Biological
Drugs Market, By Monoclonal Antibody (mAb)
Humira
Remicade
Rituxan
Avastin
Herceptin
Lucentis
Biological
Drugs Market, By Vaccine
Prenvar
13
Gardasil
Fluzone
Varivax
Cervarix
Biological
Drugs Market, by Geography
North
America
Europe
Asia
Rest
of the World (RoW)
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All Pharmaceutical Market Research Reports @
http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
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