Biological Drugs Market is Estimated to be Valued at US$ 287.1 Mn by 2020Posted by vakhas on December 14th, 2017 Global Biological Drugs Market : Segment Snapshot and Table of Content (2014 - 2020) Global Biological Drugs Market to Reach US7 bn by 2020, Increasing Prevalence of Chronic Diseases Drives Growth A research study, recently published by Transparency Market Research (TMR) estimates the global biological drugs market to expand at a healthy CAGR of 10.1% over the period from 2014 to 2020 and reach US7.14 bn by the end of the forecast period.The research report, titled “Biological Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” states that the worldwide biological drugs market reached a value of US1.05 bn in 2014. Read Report overview @ https://www.transparencymarketresearch.com/biological-drugs-market.html
By vaccine, Varivax, Ceravix, Gardasil, Fluzoone, and Prenvar 13 have been recognized as the major segments of the global market for biological drugs and Prevnar 13 has been identified as the fastest growing segment among them in this study. On the regional basis, the research report has segmented the global biological drugs market into Asia Pacific, Europe, North America, and the Rest of the World. North America accounted for the largest share in the overall market in 2014. Analysts expect this regional market to witness steady growth over the forecast period due to the expanding application base of biological drugs and their increasing usage in the treatment of various conditions such as diabetes and cancer. Although the market in North America has experienced a rise in its valuation over the past few years, it is the Asia Pacific market, which is considered as the most attractive regional market for biological drugs among manufacturers. The availability of a skilled workforce required for drug production in Asia Pacific at much lower rates has attracted a number of drugmakers for investing in this region, thereby stimulating the Asia Pacific market for biological drugs, notes the study. Request Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1694 Summary of Table of Content: 1 Preface Like it? Share it! More by this author |