The global biologics market is projected to reach USD 719.14 Billion in 2030 at a steady revenue CAGR of 7.8% over the forecast period, according to latest analysis by Emergen Research. Some key factors attributed to steady market revenue growth include rising demand for monoclonal antibodies, recombinant hormones/proteins, gene-based & cellular-based biologics, vaccines, and molecular therapy, etc. in the treatment of diseases including cancer, infectious diseases, immunological diseases, cardiovascular diseases, and hematological diseases, among others.

The biologics market is witnessing substantial growth globally, driven by several factors contributing to its expansion. Biologics, which are pharmaceutical products derived from biological sources such as living organisms, cells, tissues, or genes, have revolutionized the treatment landscape across various therapeutic areas. These products range from monoclonal antibodies and vaccines to gene therapies and cell-based therapies. The market for biologics continues to evolve rapidly, offering novel treatment options for diseases that were previously challenging to manage effectively.

Drivers of Biologics Market

One of the primary drivers fueling the growth of the biologics market is the increasing prevalence of chronic diseases worldwide. Biologics have demonstrated remarkable efficacy in treating conditions like cancer, autoimmune disorders, and infectious diseases, driving demand among patients and healthcare providers. Additionally, advancements in biotechnology and genetic engineering have enhanced the development and manufacturing processes of biologics, resulting in improved product quality and reduced production costs. Moreover, favorable regulatory policies and expedited approval pathways for biologics have facilitated their rapid entry into the market, further propelling growth.

 Major Companies and Competitive Landscape

The Biologics Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:

Novo Nordisk A/S, Pfizer Inc., Amgen, Sanofi, Samsung BioLogics, Merck & Co. Inc., Celltrion, AbbVie Inc., Johnson & Johnson Services Inc., Eli Lilly & Company, F Hoffman La Roche, Addgene, Novartis AG, and GlaxoSmithKline.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/biologics-market

Key inclusions of the  Biologics Market    report:

COVID-19 effects on growth figures.

Statistical analysis pertaining to market size, sales volume, and overall industry revenue.

Organized mentions of major market trends.

Growth opportunities.

Figures showcasing market growth rate.

Advantages and disadvantages of direct and indirect sales channels.

Insights regarding traders, distributors, and dealers present in the industry.

Covid impact analysis:

The study on the Global Biologics Market     is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Biologics Market     industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Biologics Market     industry.  The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Biologics Market     has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.

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Biologics Market Segment Analysis

Emergen Research has segmented the global biologics on the basis of source, product type, application, and region:

Source Outlook (Revenue, USD Billion; 2018-2028)

• Microbial
• Mammalian
• Others

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Monoclonal Antibodies
• Vaccines
• Recombinant Hormones/Proteins
• Cellular-Based Biologics
• Gene-Based Biologics
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Cancer
• Infectious Diseases
• Immunological Diseases
• Cardiovascular Diseases
• Hematological Disorders
• Others

 Regional Analysis of the Biologics Market     :

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Biologics Market  size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Strategic recommendations to help readers formulate lucrative business strategies
• Identification of the emerging players and their tactical approaches to expand market presence
• An extensive study of the product portfolios of the major market players and their regional presence
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Biologics Market    
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.