As Per Latest Report: Biopharmaceutical and Biomedicine Market Estimated to Generate a Revenue of US$ 800.0 Bn with Growing at a CAGR of 9.4% from 2021 to 2027
CMI published a business research report on “Biopharmaceuticals and Biomedicine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2027”. Biopharmaceuticals and Biomedicine with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Biopharmaceuticals and Biomedicine Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Biopharmaceuticals and Biomedicine Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
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Biopharmaceuticals are drugs that are partially or fully manufactured, or extracted from biological sources. Biopharmaceuticals contain variety of products such as monoclonal antibodies, vaccines, recombinant human insulin, human growth hormone, erythropoietin, interferon, colony stimulating factor, and blood factors. Currently, biopharmaceuticals accounts for over one-fifth of pharmaceutical market, and this percentage share of biopharmaceutical is expected to increase, owing to its advantage compared to totally synthesize pharmaceutical drugs. Fewer side effects, high effectiveness and potent action, and ability to cure the disease rather than treat are some of the major advantages of these drugs.
Continuous launch, approvals, and robust pipeline of biopharmaceutical products is expected to drive growth of the market
In the recent past, regulatory bodies in key regions such as U.S. and Europe have approved a number of biopharmaceutical products, which have been subsequently launched in the market. For instance in 2017, Johnson & Johnson received U.S. FDA approval for its new immunology product—Tremfya (Guselkumab)—used for the treatment of moderate to severe plaque psoriasis. In 2017, Sanofi S.A. received U.S. FDA approval for its new Admelog, a rapid-acting insulin, indicated for the management of blood sugar levels at mealtime. In 2017, U.S. FDA approved GlaxoSmithKline Plc.’s New Shingrix, a shingles vaccine. FDA approved this vaccine to be used by people aged 50 years and above as an immunization against the painful condition caused by latent varicella infection. In 2017, Spark Therapeutics, Inc. received FDA approval for its LUXTURNA (voretigene neparvovec-rzyl). LUXTURNA is first gene therapy and pharmacologic treatment for an inherited retinal disease (IRD), and the first approved adeno-associated virus (AAV) vector gene therapy in the U.S. In 2017, HumanZyme Inc. launched its new HumanKine Interferon beta (IFN beta) expressed from HEK293 cells. IFN beta is an interferon of type I family, which activates Th1-type innate immune responses against viral and bacterial infection. In 2016, Novo Nordisk A/S launched its new next-generation once-daily basal insulin Tresiba (insulin degludec) in the U.S. market and in 2017, Nordisk A/S received China Food and Drug Administration (CFDA) approval to market its Tresiba (insulin degludec) in China. Such frequent launches and approvals of novel products is expected to drive growth of the market in the near future.
The global biopharmaceutical and biomedicine market was valued at US$ 358.4 Bn in 2016 and is expected to witness a CAGR of 9.4% over the forecast period (2017–2025).
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Main points in Biopharmaceuticals and Biomedicine Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Biopharmaceuticals and Biomedicine Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Biopharmaceuticals and Biomedicine Industry Impact
Chapter 2 Biopharmaceuticals and Biomedicine Competition by Types, Applications, and Top Regions and Countries
2.1 Biopharmaceuticals and Biomedicine (Volume and Value) by Type
2.3 Biopharmaceuticals and Biomedicine (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Biopharmaceuticals and Biomedicine Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Biopharmaceuticals and Biomedicine Market Analysis
Chapter 6 East Asia Biopharmaceuticals and Biomedicine Market Analysis
Chapter 7 Europe Biopharmaceuticals and Biomedicine Market Analysis
Chapter 8 South Asia Biopharmaceuticals and Biomedicine Market Analysis
Chapter 9 Southeast Asia Biopharmaceuticals and Biomedicine Market Analysis
Chapter 10 Middle East Biopharmaceuticals and Biomedicine Market Analysis
Chapter 11 Africa Biopharmaceuticals and Biomedicine Market Analysis
Chapter 12 Oceania Biopharmaceuticals and Biomedicine Market Analysis
Chapter 13 South America Biopharmaceuticals and Biomedicine Market Analysis
Chapter 14 Company Profiles and Key Figures in Biopharmaceuticals and Biomedicine Business
Chapter 15 Biopharmaceuticals and Biomedicine Market Forecast (2021-2027)
Chapter 16 Conclusions
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