Biologics market was valued at USD 264 billion in 2021 and is expected to reach USD 596.65 billion by 2029, registering a CAGR of 9.25% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Biologics have acquired a lot of momentum in recent years since they are used to treat a variety of diseases and ailments, such as Crohn's disease, ulcerative colitis, rheumatoid arthritis, and other autoimmune diseases. The product's widespread use is expected to drive growth in the global biologics market in the coming years. Biologics are at the cutting edge of research, supporting the most recent advances. Such breakthroughs are expected to result in revolutionary treatments that give patients new treatment options. New developments and unique therapies are being developed for the production of new biologics, indicating that the global biologics market is anticipated to have a positive future outlook.
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Market Analysis and Insights: Biologics Market:
Biologics, commonly referred to as biological medications, are disease-modifying antirheumatic drugs (DMARDs) that are manufactured from live creatures or contain living organism components. Vaccines, blood, blood components, tissues, cells, allergies, genes, and recombinant proteins are among the items derived from humans, insects, microbes, animals, plants, and birds. These products regulate the development of essential proteins, alter human hormones and cells, and produce compounds that either activate or suppress the immune system.
The surging prevalence of chronic diseases is a major factor driving the biologics market's growth rate during the forecast period of 2022-2029. As per World Health Organization (WHO), chronic diseases kill more than 41 million people worldwide each year. The most common chronic disease, cardiovascular disease, kills 17.9 million people per year, followed by cancer, diabetes and respiratory disorders. These four groups are responsible for 80% of all chronic disease mortality. Chronic diseases have prompted the development of sophisticated diagnostics and therapeutics. Biologics are medicines that have been genetically modified to target a portion of the immune system that causes inflammation.
Biologics Market Scope and Market Size
The biologics market is segmented on the basis of type, drug class, therapeutic application, source, manufacturing, drug type, mode of purchase, dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Tumor Necrosis Factor (TNF) Inhibitor
· T-cell Inhibitor
· Selective Co-stimulation Modulators
· Interleukin-6 (IL-6) or Interleukin-17 Blocker
· Interleukin-1 (IL-1) Blocker
· B-cell Inhibitor
Source
· Microbial
· Mammalian
· Others
Manufacturing
· Outsourced
· In-House
Drug Type
· Branded Drugs
· Generic Drugs
Mode of Purchase
· Prescription Drugs
· Over-The-Counter (OTC) Drugs
Dosage Form
· Injection
· Tablets
· Others
Table of Contents: Global Biologics Market
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Biologics in Healthcare Industry
7 Global Biologics Market, by Product Type
8 Global Biologics Market, by Modality
9 Global Biologics Market, by Type
10 Global Biologics Market, by Mode
11 Global Biologics Market, by End User
12 Global Biologics Market, by Geography
13 Global Biologics Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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