Biologics Market: 2021 Definition, Size, Share, Segmentation and Forecast data by 2027
Biologics Market size was valued at US$ 330.13 Bn. in 2021 and the total revenue is expected to grow at 9.1 % through 2022 to 2029, reaching nearly US$ 662.66 Bn.
Biologics Market Overview:
The research "Biologics Market" seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the Biologics Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the Biologics market’s growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Biologics industry to assess the impact of several variables on Biologics market trends, including supplier bargaining power etc
Segmentation:
Based on Product, the global Biologics market is segmented into Monoclonal Antibodies, Vaccines, Recombinant Hormones/Proteins, Cell Therapy, and Gene Therapy. The Monoclonal Antibodies segment held the largest market share of 42.9% in 2021. Extensive growth is credited to the increasing demand for personalized therapies in various regions. Additionally, extensive researches in antibodies to discover targeted therapies for a variety of diseases, like different types of infections, cancers, and various immunological disorders, are projected to propel the market.
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Key Players: the key players are
• Sandoz
• Pfizer
• Teva Pharmaceutical
• Celltrion
• Biocon
• Amgen
• Samsung Biologics
• Mylan
• Dr. Reddy's Laboratories
• Stada Arzneimittel AG
• Pernix Therapeutics
• Purdue Pharma L.P.
• Sanofi Pasteur
• SkyePharma
• Takeda Pharmaceutical Company
• AbbVie Inc.
• Eli Lilly and Company
• F. Hoffmann-La Roche AG
• GlaxoSmithkline PLC
• G. Chem Ltd.
• AstraZeneca Plc
Regional Analysis:
The report has assessed the Biologics market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Biologics Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Biologics market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Biologics Market Report are:
- Which key trends are likely to emerge in the Biologics market in the forecast period?
- What will be the Biologics market size by 2027?
- Which company had the biggest share in the Biologics market in 2020?
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