Biopharmaceutical Market Size, Share & Trends Report

Biopharmaceutical Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: 660
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global biopharmaceutical market is expected to witness significant growth over the forecast period. Biopharmaceuticals are drugs used for medical purposes and are produced by the extraction of proteins and nucleic acids direct from the biological source using biotechnology. Most of the biopharmaceuticals are the pharmaceutical products derived from the life forms, genetically modified plants and animals are known as transgenic organisms, and this process is used to produce biopharmaceuticals however it is a very controversial method and is still under the trail phase. Recombinant human insulin was amongst the first substances to be approved for therapeutic purpose and currently there are nearly 300 biopharmaceutical products which have been approved and are available in the market. Increasing geriatric population, growing awareness levels and rising healthcare expenditure are the few key factors which are driving the growth of this market. Furthermore approval for newer biopharmaceutical products and continuous R&D in this segment is expected to positively reinforce this market. However high prices of these drugs are one of the biggest restraints to this industry and to make it commercially viable the cost needs to be significantly reduced.

On the basis of markets, biopharmaceutical can be segmented into four categories namely biosimilar market, enzyme market, protein therapeutics market and cancer monoclonal antibodies market. Global biosimilar market has the highest market share and is expected to maintain its high growth rate for the estimated period. This industry is driven by the factors such as high pharmaceutical expenditure, and the presence of expensive drugs in this sector. Additionally global protein therapeutics market is also expected to register very high growth rate for the estimated period owing to its efficiency in target therapy which has little or no side effects. Global enzyme market and cancer monoclonal market are expected to grow at a steady pace for the forecasted period.

On the basis of geography the biopharmaceutical market can be segmented in four key regions namely North America, Europe, Asia Pacific, and RoW. North America has the highest industry share for the estimated period owing to presence of sophisticated healthcare infrastructure, growing geriatric population base and increased healthcare expenditure in the region. Asia Pacific is expected to register the highest growth rate for the forecasted period mainly due to presence of unmet industry opportunities in the region.

Key players in global biopharmaceutical market are Novartis A.G., Pfizer Inc, Merck & Co. and GlaxoSmithKline Plc, Abbott Laboratories, Amgen Inc. and Biogen Idec.

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

BBB icon D&B icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.