07 August 2017
Visiongain has launched a new pharma report Biologics Market Report : Evaluation of Therapeutic Segments Including Monoclonal Antibodies, Insulin, Fusion Proteins, Interferons and Gene Therapies; Prediction of Leading National Markets (US, Japan, EU5 and BRIC); Investigation of Top Products Including Humira, Remicade, Lantus and Enbrel; and Assessment of R&D Including Sirukumab and NurOwn
Biologics (biological drugs) are products derived from living organisms (from sources such as microorganisms, animals and human beings) - including agents obtained directly from living organisms, and products created by recombinant genetic engineering technology. Biologics include a wide range of medicines, including therapeutic proteins, monoclonal antibodies (mAbs) and gene therapies.
Biopharmaceuticals form a vital part of the treatment portfolio for many serious chronic disorders, including cancer, diabetes, hepatitis and autoimmune diseases. This highly lucrative market is set to experience high sales between 2017 and 2027, but will have to adapt to many new challenges along the way.
The lead Visiongain report analyst for this report commented; “Biologics are crucial for the treatment of many serious chronic disorders such as cancer, diabetes, hepatitis and autoimmune diseases. These effective but highly complex therapies come at a price, with some treatments costing more than $75,000 a year. They are able to generate multi-billion dollar revenues, with biologics representing seven out of the top ten best-selling drugs in 2016.
The emergence of biosimilars is set to disrupt this market - although they can be a positive or a negative influence, depending on how companies adapt to their presence. Patents on many leading biologics are due to expire during the forecast period of this report, and payers are eager to cut costs in the face of declining healthcare budgets. As such, this is a crucial period in the history of the global biologics market, one which will determine its long-term future.”
The Global market is highly competitive with many different players entering the market. The report discusses products from leading companies in the market. Notable companies in the Global Biologics market include Abbvie, Amgen, Pfizer, Roche, Biogen, Johnson & Johnson, Merck & Co. and Sanofi amongst others.
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