Title: The Biopharmaceuticals Market To Walk Through The Linear Transition Curve (US$ 278 Bn)
1Biopharmaceuticals Market
Report Id PMRREP2827 Category Life Science
Healthcare
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3The Biopharmaceuticals Market To Walk Through The
Linear Transition Curve (US 278 Bn)
- According to a new market report published by
Persistence Market Research Global Market Study
on Biopharmaceuticals Asia to Witness Highest
Growth by 2020, the global biopharmaceuticals
market was valued at US 162 Bn in 2014 and is
expected to grow at a CAGR of 9.4 from 2014 to
2020, to reach an estimated value of US 278
Bn by 2020. - Biopharmaceuticals are medicinal drugs, produced
by isolation of the medicinal products from
biological sources such as from animals, plants,
humans and microorganisms, using biotechnological
techniques such as recombinant DNA technology. - They can also be produced using transgenic
organisms, particularly animals and plants that
have been genetically engineered to produce
drugs. These drugs help in prevention and
treatment of various diseases such as rheumatoid
arthritis, psoriatic arthritis, psoriasis,
cardiovascular disease, anemia arising from
chemotherapy, chronic renal failure, cancer, and
diabetes.
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4Want to know more about this report
North America is the largest market for
biopharmaceuticals. This is due to technological
advancements in the region. The North America
market for biopharmaceuticals was valued at US
64.7 Bn in 2014 and is expected to reach US
111.5 Bn by 2020 at a CAGR of 9.5 over the
forecast period. In terms of type, monoclonal
antibodies are the fastest growing segment. In
terms of therapeutic application, oncology is the
largest segment in the biopharmaceuticals market.
Biopharmaceuticals have wide applications in the
pharmaceutical industry. One of the latest
trends in the global biopharmaceuticals market is
that of outsourcing, where biopharmaceutical
companies are dependent on contract manufacturing
organizations to produce a biopharmaceutical drug
substance, which helps reducing investments for a
new product launch.
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