“Global Next-Generation Biologics market set to grow to $42bn by 2024” says new Visiongain report
04 December 2019
Visiongain has launched a new pharma report Next-Generation Biologics Market Forecast to 2029: Revenue Forecasts and R&D Trends for Therapeutic Antibody Technologies, Insulins, Growth Hormones, Recombinant Coagulation Factors and Regenerative Medicine.
Visiongain predicts the next-generation biologics market will expand throughout the forecast period. Although stricter pricing regulations may prevent the market from achieving revenues close to those of the first-generation therapies, the next-generation biologics market shows high commercial potential.
The lead analyst of the report commented "Technological developments in the next-generation biologics market will be the result of clinical development of multiple platforms in the next-generation antibody, antibody fragment and ALP sectors. Improvements to next-generation therapies will also stem from technological developments, including development of site-specific linking technologies for conjugates and half-life extending molecules."
Leading companies featured in the report include AbbVie, Amgen, Eli Lilly, GSK, Novo Nordisk and other companies.
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