Global Biopharmaceutical Market Size, Share, Growth Trends And Research Report 2018-2023

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    Global Biopharmaceutical Market Boosted by
Increasing Healthcare Expenditures

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Report Description and Highlights
Report Description
Global Biopharmaceutical Market Boosted by
Increasing Healthcare Expenditures The global
biopharmaceutical market has witnessed a strong
growth over the past few years. Several
beneficial factors of biopharmaceutical drugs
such as their ability to treat various chronic
diseases and reduced side-effects have further
given impetus to the market growth. Biopharmaceu
ticals are large molecule and complex drugs which
are mainly obtained from proteins and nucleic
acids derived from live organisms. They are
usually administered by intravenous, subcutaneous
or intramuscular injections and are more
efficient than the conventional small molecule
drugs. Biopharmaceuticals have changed the
treatment of several diseases, such as diabetes,
cardiovascular diseases, etc., as they can be
tailored for individuals according to their
specific medical requirements. A new research
report by IMARC Group, titled Biopharmaceutical
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
estimates that the global biopharmaceutical
market was worth US 185 Billion in 2017,
registering a CAGR of 8 during 2010-2017. The
report further anticipates the market to reach a
value of US 285 Billion by 2023, at a projected
CAGR of 7 during 2018-2023.
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Report Description and Highlights
Report Description

• Global Biopharmaceutical Market
  Drivers/Constraints
• Biopharmaceuticals are structurally similar to
  human compounds which increases the potential of
  these drugs to cure diseases rather than merely
  treat the symptoms. This has created a positive
  demand for biopharmaceuticals across the globe.
• In comparison to conventional drugs,
  biopharmaceuticals have fewer side effects due to
  their specificity. Additionally, these drugs can
  be altered according to the medical requirements
  of the patients which has increased their demand,
  thereby propelling the market growth.
• Growth in the geriatric population along with a
  rise in the expenditure on healthcare induced by
  inflating per capita incomes is anticipated to
  fuel the biopharmaceuticals market growth.
• There are several factors that hinder the market
  growth such as high production costs, lack of
  developed cold-chain infrastructure, stringent
  approval laws, impending patent expiries of these
  drugs and supply chain complexity.
• Read more here https//www.imarcgroup.com/biotech
  nology-industry

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Report Description and Highlights
Report Description
Indication Insights On the basis of indication,
autoimmune diseases dominate the market as
biopharmaceuticals are more successful in
treating these diseases as opposed to small
molecule drugs. Autoimmune diseases are followed
by oncology and metabolic disorders.
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Report Description and Highlights
Report Description

• Class Insights
• Based on class, recombinant proteins account for
  the majority of the total share, representing the
  leading segment. Recombinant proteins are
  followed by monoclonal antibodies and purified
  proteins. Monoclonal antibodies are expected to
  be the fastest growing class on account of high
  unmet medical needs in arthritis, cancer, RSV,
  psoriasis, etc.
• Regional Insights
• On a geographical front, the market is mainly
  concentrated in North America and Europe, wherein
  the United States is the largest
  biopharmaceutical market. Other major markets
  include Germany, Japan, France, Italy, Spain, UK
  and Canada.
• Competitive Landscape
• The global biopharmaceutical market is
  concentrated in nature with the presence of a
  small number of key players who compete in terms
  of prices and quality. Some of the leading
  players operating in the market are
• Roche
• Amgen
• Novo Nordisk
• AbbVie
• Sanofi SA
• Johnson Johnson

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Report Description and Highlights

• Pfizer
• Merck Co.
• Lilly
• Biogen Idec
• Browse more related reports 
• Intravenous Solutions Market https//www.imarcgr
  oup.com/intravenous-solutions-market
• Bio preservation Market https//www.imarcgroup.c
  om/biopreservation-market

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Report Description and Highlights
Report Description

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