According to a new market report published by Persistence Market Research “Global Market Study on Biological Drugs: North America to Witness Highest Growth By 2020”, the global biological drugs market was valued at US$ 161,056.5 Mn in 2014 and is expected to grow at a CAGR of 10.1% from 2014 to 2020, to reach US$ 287,139.7 Mn by 2020.

Biological drugs are typically derived from living cells and are used in the prevention and treatment of various diseases such as cancer, blood disorders, auto-immune diseases, and other medical disorders. Biological drugs have more complex structures compared to that of conventional drugs.

Strategizing The Moves For The Next Decade? See Through Sample Of Global Biological Drugs Market Report! https://www.persistencemarketresearch.co/samples/2883

Some of the major players in the biological drugs market:

• Pfizer Inc.
• Abbott Laboratories.
• Novartis AG.
• Eli Lilly and Company.
• GlaxoSmithKline plc.
• Bristol-Myers Squibb Company.
• Merck & Co., Inc.
• Amgen Inc.
• Baxter International Inc.
• Biogen Idec.

Starting With The New Decade On A Diligent Note In The Global Biological Drugs Market? https://www.persistencemarketresearch.co/methodology/2883

Globally, the biological drugs market is witnessing significant growth due to the increasing prevalence of chronic diseases and growing geriatric population. In addition, health and awareness initiatives by various government associations are also supporting the growth of the biological drugs market. However, high costs of biological drugs and patent expiry of blockbuster drugs impede the growth of the biological drugs market. Moreover, risks of adverse effects associated with biologic injectable drugs also inhibit the growth of the market.

The global biological drugs market is anticipated to grow from an estimated US$ 161,056.5 Mn in 2014 to US$ 287,139.7 Mn by 2020 at a CAGR 10.1% during the forecast period.

North America dominates the global biological drugs market. This is due to increasing use of biological drugs in the treatment of diseases such as cancer, diabetes, and other chronic diseases in the region. In addition, several clinics in the region are focusing on biological drugs for the treatment of various diseases.

How About Obtaining Insights About The Region To Enter Concerning The Global Biological Drugs Market? Press The “Purchase Now” Button To Have Our Global Biological Drugs Market Report! https://www.persistencemarketresearch.com/checkout/2883

The biological drugs market in Europe is growing due to increasing aging population in the region. For instance, according to a UN report, elderly people accounted for 23.2% of the total population in Germany in 2000, and the number is expected to reach 33.2% by 2025. Aging can lead to certain disorders such as age-related macular degeneration and glaucoma, which require effective biological drugs for their treatment.

Low manufacturing costs in Asia are attracting biopharmaceutical companies to invest in the region, supporting the growth of the biological drugs market. Moreover, governments of some Asian countries are also supporting the growth of the biological drugs market by providing funds to life sciences research institutes and biotech companies for the construction of R&D and manufacturing facilities.

Access Trending Reports:

E-Prescribing Market – The global E-Prescribing market was valued at USD 250.2 million in 2013 and is expected to grow at a CAGR of 23.5% from 2013 to 2019, to reach an estimated value of USD 887.8 million in 2019.

Neonatal Hearing Screening Devices Market – The current research report by Persistence Market Research (PMR) unveils global revenue of neonatal hearing screening devices is expected to touch US$ ~ 57 Mn, by the end of 2029.

Soft Tissue Repair Market – With the development of advanced devices, the demand for a minimally invasive procedure is also increasing. This is fueling the growth in the global soft tissue repair market.

About Us :-