Biologics Market: Global Industry Analysis and Forecast (2022-2029) by Product, Application and Region

The global biologics market is predicted to touch USD 425 million at an 10.50% CAGR between 2020- 2030, according to the new report by Market Research Future (MRFR).

The MRFR report gives an inclusive segmental analysis of the global biologics market report based on type, application, and source.

The global biologics market, during the forecast period, will register growth at a CAGR of 6.95%.The market for biologics is set to reach USD 285,520.4 million by 2023. As per market analysts, the global market is anticipated to witness growth owing to th...

They are widely used for providing effective treatment for several complex diseases, including Crohn’s disease, psoriasis, and rheumatoid arthritis, which have limited options for treatment.

Based on product, the global biologics market is segmented into gene therapy, growth factors, vaccines, interleukins, monoclonal antibody, and others. Of these, the monoclonal antibody segment will have the largest share in the market during the forecast...

The global biologics market is anticipated to touch USD 285,520.4 million at a 6.95% CAGR between 2018-2023, states the new Market Research Future (MRFR) report. Biologics, simply put, are made from materials that come from various living organisms such a...

Factors like expansion of manufacturing capabilities and rise of the new biotechnology procedures support the biologics market growth.

Companies in the biologics market are spread across the world. The biologics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world

These factors have helped shape the biologics market and are expected to boost the growth. Companies in the biologics market could also face challenges such as high biologics production costs and restrictions in access to capacity.