Report Code: A03584 | Pages: NA | Mar 2023 | 7016 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biologic Therapeutics Drugs Market
Request Now !Biologic therapeutics drugs are genetically engineered proteins derived from human genetic material. They contain sugars, proteins, nucleic acids, or complex combinations of these substances, or may be living entities such as cells and tissues. In addition, biologics drugs are derived from natural sources such as animals, humans, and microorganisms that are further utilized to make therapeutic products such as vaccines, blood components, and recombinant therapeutic proteins.
The major factors that contribute to the growth of the biologic therapeutic drugs market include increase in the prevalence of chronic diseases such as cancer, diabetes, & coronary artery diseases and a rise in geriatric population. Moreover, a large number of clinical trials and innovative R&D approaches to develop advanced drugs drive the market growth.
However, manufacturing difficulties due to the complexity of drug molecules hinder the market growth. Increase in R&D activities in the field of pharmaceutical industries and rise in therapeutical applications are anticipated to provide new opportunities for the market.
The biologic therapeutics drugs market is segmented on the basis of product, application, source, and region. Based on product, the market is bifurcated into vaccines, blood & blood products, allergenic extracts, human cells & tissues, gene therapies, protein, cellular therapies, and xenotransplantation products. By application, it is categorized into rheumatoid arthritis, anemia, cancer, diabetes, and others. In terms of source, it is classified into humans, avian cell culture, yeast, bacteria, insect cell culture, and xenotransplantation products. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
List of players profiled in the report
Biologic Therapeutics Drugs Market Report Highlights
Aspects | Details |
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By Product |
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By Application |
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Key Market Players | Pfizer Inc., AstraZeneca, Novartis Global, Merck & Co. Inc., Smith Medical, GlaxoSmithKline Plc., Concord Biotech, Aurobindo Pharma Ltd., H. Lundbeck A/S, Retractable Technologies, Inc. |
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