The global biologics market, representing a class of medications derived from living organisms, is on the cusp of unprecedented growth. A recent analysis forecasts the industry to expand at a remarkable compound annual growth rate (CAGR) of 8.5%, surging to a staggering US$ 817.48 billion by 2032. This monumental development underscores the transformative potential of biologics in revolutionizing modern medicine and addressing unmet healthcare needs worldwide.
Biologics, characterized by their complex molecular structures and therapeutic versatility, encompass a diverse array of medications derived from living cells, tissues, or organisms. From monoclonal antibodies and cytokines to vaccines and gene therapies, biologics offer innovative treatment modalities for a wide range of diseases and conditions, spanning oncology, autoimmune disorders, infectious diseases, and rare genetic disorders.
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Key Takeaways:
- The global biologics market is projected to reach a staggering US$817.48 billion by 2032, reflecting a robust CAGR (compound annual growth rate) of 8.5%.
- This significant growth is fueled by advancements in biotechnology and the increasing demand for targeted therapies for a variety of diseases.
- The market valuation at the end of 2021 stood at US$335.43 billion, highlighting the remarkable growth potential within this sector.
Genes from humans are used to create biologic medications through genetic engineering. These drugs are made up of proteins. Biologic drugs are derived from various natural sources such as humans, animals, or microorganisms. They include things like blood and blood components, gene therapy, somatic cells, vaccinations, allergies, tissues, and recombinant therapeutic proteins. Biologics, or biological pharmaceuticals, are disease-modifying antirheumatic medications (DMARDs) that are derived from or contain living organisms. Advanced biotechnology techniques and intricate methodologies are employed in the production of biologics
Key Players:
- Novartis AG
- Pfizer Inc
- Dickinson & Company
- Smith’s Medicals
- Roche Diagnostics
- AstraZeneca
- Bayer AG
- GSK Biologicals
- Samsung BioLogics
- Merck & Co., Inc.
- Eli Lilly and Company
- Hoffmann-La Roche Ltd
- AstraZeneca.
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Key Segments Covered in the Biologics Industry Survey:
By Product:
- Monoclonal Antibodies
- Recombinant Hormones/Proteins
- Vaccines
- Cellular Based Biologics
- Gene-Based Biologics
- Therapeutic Enzymes
- Others
By Application:
- Infectious Diseases
- Cancer
- Autoimmune Diseases
- Rare Diseases
- Others
By Drug Classification:
- Branded Drugs
- Generic Drugs
By Mode of Purchase:
- Prescription Drugs
- Over-The-Counter (OTC) Drugs
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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