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The biologics market is an important segment of the pharmaceutical industry, which deals with the development of drugs using biological sources, such as plants, humans, animals, and microorganisms. The increasing investments in drug discovery and development are one of the major factors boosting market growth. In addition, rising health expenditure and rapid expansion of the pharmaceutical and biotechnology industries contribute to the growth of the market.
Rising emphasis on personalized and targeted therapies creates immense opportunities in the market. With the growing prevalence of chronic diseases and other genetic disorders, there is a high demand for personalized medicines and gene therapy. Therefore, various government health agencies and pharmaceutical companies are investing heavily in research and development to discover new biologics and accelerate drug development.
It is expected that North America will sustain its market dominance in the coming years. This is mainly due to its well-established healthcare and pharmaceutical industries and advancements in biotechnology. Moreover, increasing instances of chronic diseases, including cancer, and a rising focus on drug discovery are expected to fuel the market growth in Asia Pacific.
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Stats ID: | 7006 |
Format: | Databook |
Published: | December 2024 |
Price | US$ 1550 |
Immediate Delivery
Stats ID: | 7006 |
Format: | Databook |
Published: | December 2024 |
Price | US$ 1550 |
Immediate Delivery
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