The Biopharmaceutical Market To Witness A Paradigm Shift With Technological Advancements

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Biopharmaceutical Market
Report Id PMRREP2827 Category Life Science
Healthcare
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The Biopharmaceutical Market To Witness A
Paradigm Shift With Technological Advancements

• 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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Some of the major players in the
Biopharmaceuticals market

• Pfizer, Inc.
• F. Hoffmann-La Roche AG.
• Johnson Johnson Services, Inc.
• Sanofi, Amgen Inc.
• AbbVie Inc.
• Merck Co., Inc.
• Biogen Idec.
• Bayer AG.
• Eli Lilly and Company.
• Novartis AG GlaxoSmithKline Plc.
• Bristol-Myers Squibb Company.
• AstraZeneca PLC.
• Abbott Laboratories.

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