The
global Biologics Market is anticipated to reach USD 399.5
billion by 2025, according to a new report by Grand View Research, Inc.
Introduction of targeted therapies coupled with rising adoption of patient
centric personalized medicine anticipated to fuel demand. Ever-increasing
understanding of the cell physiology and stress, as well as the factors
involved in protein production and heterologous gene expression have empowered
the use of different living factories.
These
living factories are the prokaryotic and eukaryotic cells. Enhancement of drug
functionality through achieving successful protein folding and
post-translational modifications is supportive for projected progress rate.
Moreover,
rising adoption of biopharmaceuticals over chemically synthesized molecules is
expected to propel revenue generation significantly. In addition to this,
presence of several metabolic disorders that can be treated through the use of
biologics is attributive to influence demand.
U.S. Biologics market share, by disease category, 2014 - 2025 (USD Billion)
U.S. Biologics market share, by disease category, 2014 - 2025 (USD Billion)
Combination
of advanced bioengineering technologies for biopharmaceutical production is
expected to boost progress in pharmaceutical industry. With recent advances in
automation, the selection process can be done through high throughput screening
(HTS) system for selection of viable clones.
Aforementioned
method enables robust production of biopharmaceutical products by obtaining
high-producing cell line. Advances with respect to upstream and downstream
processing would directly translate into the growth in revenue for this market
at a larger level.
However,
development of biosimilars is expected to restrain the biologics year on year
growth to certain extent. Although, the regulatory approval pathway for these
products is not framed yet some drug manufacturers are opting to invest in the
development of biobetters.
Browse
Details of Report @ http://www.grandviewresearch.com/industry-analysis/biologics-market
Further key findings from the report suggest:
- Microbial
expression systems dominated the market with respect to biopharmaceutical
manufacturing
- Presence of
substantial number of products manufactured through the use of microbial
sources can be attributed for largest share
- Higher usage
of monoclonal antibodies for the treatment of different diseases
responsible for revenue generation
- Moreover,
pipeline drugs in the phase of development anticipated to bolster growth
- Significant
development pertaining to vaccines and increasing adoption anticipated to
fuel progress
- Oncology
dominated over a decade and is expected to sustain its share over the
forecast period.
- Introduction
of novel biologics with high efficacy coupled with the augmenting
incidences of cancer is the vital impact rendering factor.
- Substantial
sales of biologics in the U.S. can be attributed for the largest share of
North American market.
- Established
participants are implementing the manufacture of complex moieties
in-house, which pronounces for the larger share of in-house manufacturing.
- Asia Pacific
is projected to showcase fastest growth in the coming years.
- Increasing
penetration of the biologics in the developing economies is expected to
contribute in the projected growth.
- Moreover,
the university based projects implemented herein are attributive for the
projected growth.
- Key players
contributing in this market are F Hoffman La Roche, Samsung
Biologics, Celltrion, Pfizer Inc., Amgen, Novo Nordisk A/S, Sanofi, Abbvie
Inc., Merck & Co. Inc, Addgene, Johnson & Johnson Services Inc.,
and Eli Lilly & Company.
- These
participants are investing in the hybrid business models through providing
technology and service platforms.
- Such
milestones and royalties from partnered programs enables the cash flow
generation which can be utilized in proprietary R&D.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
No comments:
Post a Comment