Biopharmaceuticals Market Research report 2030 is a well-generated market report which helps achieve comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market. This report deals with plentiful aspects of the Healthcare industry. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. A comprehensive market study and analysis of trends in consumer and supply chain dynamics underlined in this report assists businesses in drawing the strategies about sales, marketing, advertising, and promotion.
Data Bridge Market Research analyses that the global biopharmaceuticals market which was USD 915.6 million in 2022, would rocket up to USD 2,332.57 million by 2030, and is expected to undergo a CAGR of 12.40% during the forecast period.
Biopharmaceuticals market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customisable 2015-2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, and Pricing in USD |
Segments Covered | By Product Type (Monoclonal Antibodies, Recombinant Growth Factors, Purified Proteins, Recombinant Proteins, Recombinant Hormone, Vaccines, Synthetic Immunomodulatory, and Other), Service (Laboratory Testing, Custom Testing / Customer Proprietary Testing, Compendial, and Multi Compendial Laboratory Testing), Raw Material Type (Formulation Excipients, Active Pharmaceutical Ingredients (API), and Compendial Methods (USP / EP / JP) Based Vendor Qualification Program Support), Application (Oncology, Inflammatory and Infectious Diseases, Autoimmune Disorders, Metabolic Disorders, Hormonal Disorders, Cardiovascular Diseases, Neurological Diseases, and Other) |
Countries Covered | U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America |
Market Players Covered | Amgen Inc. (U.S.), Lilly (U.S), Johnson Johnson Private Limited (U.S.), Sanofi (France), Abbott (U.S), AstraZeneca (U.K.), Amgen Inc. (U.S.), F. Hoffmann-La Roche Ltd., (Switzerland), bioMérieux (France), Novartis AG (Switzerland), Bristol-Myers Squibb Company (U.S.), Novo Nordisk A/S (Denmark), Merck Co., Inc. (U.S.), GlaxoSmithKline Plc (U.K.), Biogen (U.S.), Bayer AG (Germany) and Pfizer Inc., (U.S.) |
Market Opportunities | · Rise in personalized medicine and precision therapeutics · Increasing rare diseases and orphan drugs |
Market Definition
Biopharmaceuticals, also known as biologic drugs or biologics, are medical products derived from biological sources such as living organisms, cells, or proteins. These drugs are produced using biotechnology processes and play a crucial role in modern healthcare. Biopharmaceuticals have enabled the development of personalized medicine approaches. These drugs can be designed to target specific molecular characteristics of an individual's disease, allowing for tailored treatment strategies based on the patient's unique genetic profile or disease subtype.
Global biopharmaceuticals market Dynamics
Drivers
- Rising demand for biopharmaceuticals
Chronic diseases such as cancer, autoimmune disorders, diabetes, and cardiovascular diseases continue to rise globally. Biopharmaceuticals offer advanced treatment options that specifically target the underlying causes of these complex diseases, providing improved therapeutic outcomes and enhanced patient care.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted to develop the medical instruments is also bolstering the market growth rate.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
- Rise in personalized medicine and precision therapeutics
The field of personalized medicine is rapidly evolving, driven by advancements in genomics, molecular diagnostics, and biomarker identification. Biopharmaceutical companies have the opportunity to develop targeted therapies that align with the principles of precision medicine, tailoring treatments to the specific genetic and molecular characteristics of individual patients.
- Increasing rare diseases and orphan drugs
Orphan drugs, which are developed to treat rare diseases, represent an area of opportunity in the biopharmaceutical market. These conditions often have limited treatment options, creating a demand for innovative therapies. Biopharmaceutical companies can focus on developing targeted biologics for rare diseases, benefiting from regulatory incentives and addressing unmet medical needs.
Regional incites: -
- North America dominates the global biopharmaceuticals market because of the strong base of healthcare facilities, and availability of advanced treatment options that specifically target the underlying causes of these complex diseases, providing improved therapeutic outcomes and enhanced patient care in this region.
- Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rising technological advancements, and the growing demand for quality healthcare in the region.
Get the Full report link https://www.databridgemarketresearch.com/reports/global-biopharmaceuticals-market
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Biopharmaceuticals Market Landscape
Part 04: Biopharmaceuticals Market Sizing
Part 05: Biopharmaceuticals Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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