, February 15, 2018 ) Market Data Forecast recently published a report on the “North America Bio Pharmaceuticals Market
" which estimates the market which was worth $56.42 billion in 2016 and expected to be growing at a CAGR of 8.75%, to reach $85.92 billion by 2021 during the forecast period from 2016 to 2021.
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Biopharmaceuticals are medical drugs produced using biotechnology. They are proteins (including antibodies), nucleic acids (DNA, RNA or antisense oligo nucleotides) used for therapeutic or in vivo diagnostic purposes, and are produced by means other than direct extraction from a native (non-engineered) biological source.
The first such substance approved for therapeutic use was recombinant human insulin. The large majority of biopharmaceutical products are pharmaceuticals that are derived from life forms.
A potentially controversial method of producing biopharmaceuticals involves transgenic organisms, particularly plants and animals that have been genetically modified to produce drugs.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Major factors driving the growth of the market are rising healthcare expenditure, growing awareness regarding biopharmaceutical drugs and increasing aging population. On-going research and development in the field along with approval for newer drugs are also fuelling the market growth. High cost of the drugs is the main restrain for the market while to make these drugs commercially viable, cost needs to be reduced.
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The market is segmented based on product type and therapeutic type and is studied for a deep-level understanding of the Bio Pharmaceuticals market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
By Product Type
• Monoclonal Antibodies (mAb)
• Biotech Vaccines
• Recombinant Human (RH) Insulin
• Granulocyte colony-stimulating factor (G-CSF)
• Human growth hormones (HGH)
By Therapeutic Type
• Infectious diseases
• Other Therapeutic Areas
Based on geography the market is analyzed under various regions namely, USA and Canada. The US is the leading market for biopharmaceuticals and is the leader in terms of revenue, by a significant margin. Canada accounts for second largest share in the market.
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Merck & Co., Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company, Inc., Sanofi, Amgen Inc., AbbVie Inc., Biogen Idec, Bayer AG, Johnson & Johnson Services, Pfizer, Inc., and Novartis AG are some of the leading players in the market for biopharmaceuticals.
Scope of the North America Bio Pharmaceuticals Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro& micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Pharmaceuticals Segment:
North America Biosimilars Market: http://www.marketdataforecast.com/market-reports/north-america-biosimilars-market-1143/
North America Plasma Protein Therapeutics Market: http://www.marketdataforecast.com/market-reports/north-america
North America Therapeutic Vaccines Market: http://www.marketdataforecast.com/market-reports/north-america-therapeutic-vaccines-market-73/
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