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Global Biological Drugs Market Will Reach $2, 87,139.7 Million in 2019: Persistence Market Research

September 2, 2014

Global Market Study on Biological Drugs: North America to Witness Highest Growth by 2020New York, NY -- (ReleaseWire) -- 09/02/2014 -- Persistence Market Research Released New Market Report on "Global Market Study on Biological Drugs: North America to Witness Highest Growth by 2020” the global biological drugs market is estimated at USD 1, 61,056.5 million in 2014 and is expected to grow at a CAGR of 10.1% from 2014 to 2020, to reach an estimated value of USD 2, 87,139.7 million in 2020.



The biological drugs market is witnessing a significant growth due to the increasing prevalence of chronic diseases and increase in the global geriatric population. Biological drugs are used in treatment and prevention of various diseases such as cancer, blood-related diseases, auto-immune diseases and other medical disorders. Moreover, various government associations are also promoting the usage of biological drugs. Furthermore, advancement in biomedical sciences holds immense potential for the growth of the biologic drugs market.



Browse the full Global Market Study on Biological Drugs: North America to Witness Highest Growth by 2020 report at http://persistencemarketresearch.com/market-research/global-biological-drugs-market.asp



However, high cost of biological drugs and patent expiry of blockbuster drugs impede growth of the biological drugs market. Moreover, the risk of adverse effects associated with biologic injectable drugs is also one of the key restraints for biological drugs market. As a result, biological drugs market is expected to grow a CAGR of about 10.1% during 2014-2020.



North America is the largest market for biological drugs. Increased usage of biological drugs for the treatment of diseases such as cancer, diabetes and other chronic diseases are supporting the growth of the biological drugs market in the region. Moreover, several clinics in the region are focusing on biological drugs for the treatment of various chronic diseases. For instance, the American Center for Biological Medicine (ACBM) is one of the largest biological medicine clinics in the U.S.



Similarly, the European biological drugs market is growing rapidly due to increased usage of biological drugs for the treatment of various chronic diseases such as diabetes, cancer and inflammatory diseases.



In Asia, low manufacturing cost is attracting many biological manufactures to invest in Asian countries, supporting the growth of the biological drugs market. Moreover, Asian governments are also supporting in growth of the biological drugs market by increased investment on biotech companies for construction of R&D and manufacturing facilities.



Novartis AG, Pfizer Inc., GlaxoSmithKline plc. and Merck & Co., Inc. are some of the leading players in the global biological drugs market. Other major players of biological drugs market include Abbott Laboratories, Biogen Idec and Amgen Inc.



The global market of biological drugs is segmented as follows:



Biological Drugs Market, By Therapeutic Protein



Enbrel

Lantus

Neulasta

Avonex

NovoLog

Rebif

Humalog

Aranesp

Epogen

Levemir

Victoza

Betaseron

Neupogen

Eylea



Biological Drugs Market, By Monoclonal Antibody (mAb)



Humira

Remicade

Rituxan

Avastin

Herceptin

Lucentis



Biological Drugs Market, By Vaccine



Prenvar 13

Gardasil

Fluzone

Varivax

Cervarix



Biological Drugs Market, by Geography



North America

Europe

Asia

Rest of the World (RoW)



About Persistence Market Research

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.



PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.For more information on this press release visit: http://www.releasewire.com/press-releases/global-biological-drugs-market-will-reach-2-871397-million-in-2019-persistence-market-research-542486.htm

Media Relations Contact

Addie Thomas

Marketing Head

Persistence Market Research

Telephone: 646-568-7751

Email: Click to Email Addie Thomas

Web: http://www.persistencemarketresearch.com/


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Source: ReleaseWire


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