“Global Biologics market set to grow to $250bn by 2023” says Visiongain

14 November 2018
Pharma

Visiongain has launched a new pharma report: Biologics Market Trends and Forecasts 2018-2028: Protein Therapeutics, Monoclonal Antibodies, Fusion Proteins, Regenerative Medicines, Insulin, Other Recombinant Hormones, Plasma & Recombinant Coagulating Factors, Interferons, Enzyme Replacement, Stem Cell Therapies, Tissue Engineered Products, Gene Therapies

Bio therapeutics is the fastest-growing sector in the pharmaceutical industry, with total revenues reaching up to $163 billion. Its annual growth surpasses 8%, whereas conventional pharmaceuticals barely reach 4%. The current landscape of biologics promises continuous growth. Biologics are much costlier than small molecule drugs, these classes of drugs bring about 40% higher profit to the manufacturers when compared to small molecule drugs. Additionally, the growing demand for biologics drugs coupled with the increased regulatory approvals for these drugs will increase the demand for biologics manufacturing and testing at various levels of clinical studies as well as commercial supply.

The lead analyst of the report commented "The biologics market is built on technological innovation and continued development of biotechnology is the key to the market’s future. The tools for innovation as well as for manufacturing are becoming widely disseminated. The suite of techniques that stand behind the current mAbs market, including phage display, humanisation and transgenic mice, are now off-patent and available to any company that wishes to take advantage of them.

Therefore, there is a major need for new platforms that can keep new and emerging technologies in the hands of innovator companies. Rapid advances in assays will also have a major knock-on effect on the biopharmaceutical industry, both by permitting more rapid and accurate characterisation of biologics and biosimilars, and by allowing new diagnostic tools into the market. New diagnostics will accelerate the rise of personalised medicine, which is likely to be highly relevant to the future of the biologics market."

Leading companies featured in the report include AbbVie, Amgen, AstraZeneca, Bayer, Eli Lilly, Roche, GlaxoSmithKline (GSK), Johnson & Johnson, Merck & Co., Inc., Novartis, Pfizer, Sanofi S.A.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain publishes Constipation Nutraceuticals Market Report 2020-2030

Nutraceuticals are the products that provide medicinal and health benefits to the people. These products provide additional nutritional value to the foodstuff.

01 June 2020

Read

“Precision Medicine Market is Poised to Surpass US$67 billion in 2020” says new Visiongain report

Visiongain anticipates that the global precision medicine market is projected to witness a CAGR of 12% over the forecast period from 2020 to 2030. The global precision medicine market is anticipated to surpass US$ 67 billion in 2020 and is further projected to surpass US$ 200 billion in 2030.

27 May 2020

Read

Visiongain publishes Colon Targeting Drug Delivery Market Report 2020-2030

The global colon targeting drug delivery market is projected to grow at a CAGR of 8.07% in the first half of the forecast period. Visiongain anticipate that the global market will witness a CAGR of 9.23% during the forecast period 2020 to 2030.

27 May 2020

Read

“The global automation in biopharma market is estimated to reach USD 1.23 billion by 2025” says new Visiongain report

The automation in biopharma industry market is estimated to grow at a CAGR of 4.3% over the forecast period.

22 May 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever