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Global Bio Pharmaceuticals Market 2016–2021: Industry Research and Forecast Analysis

Tuesday, October 18, 2016 23:46
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According to the report “Bio Pharmaceuticals market” by Product Type (Monoclonal Antibodies (mAb), Erythropoietin, Biotech Vaccines, Recombinant Human (RH) Insulin, Granulocyte colony-stimulating factor (G-CSF), Interferon and Human growth hormones (HGH)) by Therapeutic Type (Neurology, Infectious diseases, Diabetes, Oncology, Cardiovascular and Other Therapeutic Areas), and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021), 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. 

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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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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

By Geography:
•North America
•Latin America
•Middle-East and Africa

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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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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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