Drivers and Trends Benefits Biologics Market to Grow at 8.25% CAGR, projected to Reach USD 412 billion in 2024

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Biologics Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Biologics Market Analysis and Size

The Global Biologics Market size is valued at USD 412 billion in 2024 and is projected to grow at a CAGR of around 8.25% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the Biologics Market are Bristol-Myers Squibb, Pfizer, Sanofi, Janssen Biotech, Inc., Bayer AG, Merck & Co., Amgen Inc., Abbott GmbH, Novartis, AstraZeneca Plc, GlaxoSmithKline Biologicals, Moderna, Inc., Ferring Pharmaceuticals Inc., Aimmune Therapeutics, Inc., F. Hoffman La Roche, and Others.

Biologics Market Growth Driver:

Increasing Inclination Towards Gene Therapy & Cellular Therapy to Boost the Market Growth – Due to their ability to repair or substitute damaged tissues, gene and cellular treatments have experienced considerable growth in adoption over the historical years. Moreover, the rising investments in research & development of cell and gene therapies have been further bolstering their adoption, owing to the improved efficacy of new drugs. Additionally, there has been increased funding and investments for R&D purposes of cell and gene therapies by companies like Ori Biotech, AstraZeneca Plc, GlaxoSmithKline Biologicals, etc., for the launch of innovative products.

Thus, with enhanced investment, the process of pre-commercialization and market launch has been accelerated, which has been contributing to the market growth. Also, over the historical years, the approvals of these medicines have been accelerated by government organizations like the United States Food and Drug Administration (FDA), the European Medicines Agency (EMA), etc. Consequently, as approvals for cell and gene therapies would accelerate in the coming years, it would create an opportunity for their enhanced adoption in the coming years as well.

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Market Segment and Geographical Analysis

By Therapeutic Application

• Oncology- Market Size & Forecast 2019-2030, (USD Million)
• Infectious Disease- Market Size & Forecast 2019-2030, (USD Million)
• Autoimmune Disease- Market Size & Forecast 2019-2030, (USD Million)
• Diabetes- Market Size & Forecast 2019-2030, (USD Million)
• Cardiovascular Diseases- Market Size & Forecast 2019-2030, (USD Million)
• Others (Inflammatory Bowel Diseases, Respiratory Disorders, Ophthalmic Disorders, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Drug Class

• Recombinant Proteins- Market Size & Forecast 2019-2030, (USD Million)
  • Hormones- Market Size & Forecast 2019-2030, (USD Million)
  • Cytokines- Market Size & Forecast 2019-2030, (USD Million)
• Monoclonal Antibodies- Market Size & Forecast 2019-2030, (USD Million)
• Blood & Blood Components- Market Size & Forecast 2019-2030, (USD Million)
• Cellular & Gene Therapy- Market Size & Forecast 2019-2030, (USD Million)
• Vaccines- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

By Source

• Microbes- Market Size & Forecast 2019-2030, (USD Million)
• Humans- Market Size & Forecast 2019-2030, (USD Million)
• Others (Rodents, Plants, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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