The Global Biological Drugs Market to grow on a voracious note (US$ 287,139.7 Million) between 2021

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Global Biological Drugs Market
Report Id PMRREP2883 Category Life Science
Healthcare
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The Global Biological Drugs Market to grow on a
voracious note (US 287,139.7 Million) between
2021

• The Global Biological Drugs Market Share is
  expected to witness a CAGR of 10.1 between 2021
  (reaching US 287,139.7 Million). Vertical
  integration is the latest trend concerning the
  healthcare vertical. As such, drug manufacturers,
  hospital systems, wholesale distributors, PBMs
  (pharmacy benefit managers), medical insurers,
  and retail pharmacy outlets are into the
  formation of exclusive synergies all over the
  healthcare vertical.
• According to a new market report published by
  Persistence Market Research Global Market Study
  on Biological Drugs North America to Witness
  Highest Growth By 2020, the global biological
  drugs market was valued at US 161,056.5 Mn in
  2014 and is expected to grow at a CAGR of
  10.1 from 2014 to 2020, to reach US 287,139.7
  Mn by 2020.
• Biological drugs are typically derived from
  living cells and are used in the prevention and
  treatment of various diseases such as cancer,
  blood disorders, auto-immune diseases, and other
  medical disorders. Biological drugs have more
  complex structures compared to that of
  conventional drugs.

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Some of the major players in the biological drugs
market

• Pfizer Inc.
• Abbott Laboratories.
• Novartis AG.
• Eli Lilly and Company.
• GlaxoSmithKline plc.
• Bristol-Myers Squibb Company.
• Merck Co., Inc.
• Amgen Inc.
• Baxter International Inc.
• Biogen Idec.

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