Home > Health > Global Biological Drugs Market Is Driven by Rising Occurrence of Chronic Diseases

Global Biological Drugs Market Is Driven by Rising Occurrence of Chronic Diseases

Added: (Tue Sep 12 2017)

Pressbox (Press Release) - Global Biological Drugs Market was valued at $180 Billion in 2016 and expected to reach $394 Billion by 2024, growing at a CAGR of 10.3% from 2016 to 2024. In geography segment, Asia Pacific and Europe are expected to grow at a CAGR of 11.4% and 10.8%, respectively, over the forecast period 2016 - 2024.

Global biological drugs market is driven by growing generic population, rising occurrence of chronic diseases, increasing various government associations’ support for biological drugs. Though, high cost of biological drugs and patent expiry dates of drugs may restraints the growth of the market. Cost declination and technological advancement would provide growth opportunities for the market during forecast period 2016 – 2024.

Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/biological-drugs-market

The global biological drugs market is segregated into product type and geography. Product type comprises monoclonal antibody (remicade, humira, avastin, rituxan, lucentis, herceptin, and others), therapeutic protein (enbrel, neulasta, eylea, lantus, avones, rebif, novolog, aranesp, humalog, epogen, victoza, levemir, betaseron, neupogen, and others), and vaccine (gardasil, prevnar 13, fluzone, cervarix, varivax, and others). Therapeutic proteins accounted for the largest market share in 2016, followed by monoclonal antibody.

North America, Europe, Asia-Pacific and Rest of World (RoW) are the major regions covered in this report. North America held the largest market share with 49.5% in 2016. Furthermore, in terms of growth, Asia-Pacific is anticipated to grow with the fastest CAGR of 11.4% during the forecast period 2016 to 2024, owing to popularity for generic drugs, growing government budgets in R&D and low manufacturing costs.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/biological-drugs-market/toc

The Major key players operating in this market are Bristol-Myers Squibb Company, Baxter International Inc., Merck & Co., Inc., Amgen Inc., GlaxoSmithKline Plc, Biogen Inc., Abbott Laboratories, Novartis AG, Eli Lilly and Company, Pfizer Inc., and among others.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/biological-drugs-market/sample-request

Scope of the Global Biological Drugs Market

Product Type Segments

• Therapeutic Protein

o Enbrel
o Lantus
o Neulasta
o Avones
o Novolog
o Rebif
o Humalog
o Aranesp
o Epogen
o Levemir
o Victoza
o Betaseron
o Neupogen
o Eylea
o Other Therapeutic Proteins

• Monoclonal Antibody
o Humira
o Remicade
o Rituxan
o Avastin
o Herceptin
o Lucentis
o Other Monoclonal Antibodies

• Vaccine
o Prevnar 13
o Gardasil
o Fluzone
o Varivax
o Cervarix
o Other Vaccines

Geography Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research

Contact Us:

Variant Market Research
Web: https://www.variantmarketresearch.com
Tel: +1-415-680-2785
Tel: +91 20 65337795
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com
Email: sales@variantmarketresearch.com

Submitted by:Bhavana Patel
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.