Global Biologics Market Size Valued at USD 408.5 Billion in 2023 and till 2030 Estimated to Grow At 8.25% CAGR Growth| Abbott GmbH, Novartis, and AstraZeneca Plc

Biologics Market Outlook – 2024-2030

The most recent market study report, titled “Biologics Market” Global Industry Size, Trends, Share, Growth Opportunity and Forecast 2024-2030 by MarkNtel Advisors provides unique and valuable insights into market dynamics and business owners a competitive edge. The accuracy and reliability of the data are thorough verifying by our analyst experts and opinion leaders. By leveraging a combination of primary and secondary research, this report presents the information in a uniquely organized manner, utilizing tables, facts & figures, and charts to offer unparalleled clarity and comprehension of the market landscape.

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Global Biologics Market Growth Opportunity 2024-2030:

Biotechnology Techniques ‘CRISPR-Cas9’ to Revolutionize Biologics Drug Development in Future Years – The adoption of CRISPR-Cas9 technology among the Biologics drugs offering companies for research & development purposes possesses significant opportunities for market growth. This technology holds immense potential for developing next-generation biologics by correcting genetic defects or enhancing therapeutic efficacy, thus boosting the development of biologics drugs on a large scale. For instance:

• In 2023, the FDA approved the first gene therapies, i.e., Casgevy and Lyfgenia, to treat Sickle Cell Disease (SCD). Casgevy is the first FDA-approved therapy using CRISPR/Cas9 to edit patients' blood stem cells.

Hence, the adoption of CRISPR-Cas9 technology allows companies to effectively develop biologics, like gene therapies, thus holding immense potential for the growth of the Global Biologics Market in the coming years.

Competitive Analysis

Thoroughly examining competitors' market share, pivotal developments, and business strategies yields crucial insights into the competitive landscape. This analysis delves into factors like business description, product portfolio, strategic alliances or partnerships, recent developments, financial details, others for identifying major players.

Leading Player Operating in the Global 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.
• Hoffman La Roche

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Segmentation Summary – Biologics Market

Breakdown of Segments, By Drug Class

 > Recombinant Proteins

 >> Hormones

 >> Cytokines

 > Monoclonal Antibodies

 > Blood & Blood Components

 > Cellular & Gene Therapy

 > Vaccines

 > Others

Breakdown of Segments, By Source

 > Microbes

 > Humans

 > Others (Rodents, Plants, etc.)

Breakdown of Segments, By Therapeutic Application

 > Oncology

 > Infectious Disease

 > Autoimmune Disease

 > Diabetes

 > Cardiovascular Diseases

 > Others (Inflammatory Bowel Diseases, Respiratory Disorders, Ophthalmic Disorders, etc.)

Based on Therapeutic Application: The Oncology segment witnessed substantial market growth during historical years.

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East/Africa
• South America

Among all regions globally, North America captures the largest share of the global Biologics market during the forecast period.

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Frequently Asking Questions (FAQ’s):

• Which companies lead the global Biologics market?
• How will current trends shape the market in the coming years?
• What opportunities, challenges, and driving forces characterize the Biologics Industry?
• Which specific Biologics market segments should industry players target to capitalize on recent technological advancements?
• What is the projected growth rate of global Biologics market?

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