Press release
Bio Pharmaceuticals Market Expected to Grow at a Robust Rate of 9.2% CAGR During 2016 to 2021
View Report @ http://www.marketdataforecast.com/market-reports/global-bio-pharmaceuticals-market-633/
Biopharmaceuticals industry has come a long way since approval of its first drug. Now, several drugs have already been approved and many more are in last stages of their clinical trial. These drugs have not only innovated the prevention and treatment of a number of life threatening diseases but have also delivered the thrust for the constant success of the pharmaceutical industry.
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Major factors driving the growth of the market are rising healthcare expenditure, growing awareness regarding biopharmaceutical drugs and increasing aging population. Ability of these drugs to treat chronic diseases which were earlier untreatable is increasing its demand enormously and also increases the profit margin for manufacturers.
By Product Type:
• Monoclonal Antibodies (mAb)
• Erythropoietin
• Biotech Vaccines
• Recombinant Human (RH) Insulin
• Granulocyte colony-stimulating factor (G-CSF)
• Interferon
• Human growth hormones (HGH)
By Therapeutic Type:
• Neurology
• Infectious diseases
• Diabetes
• Oncology
• Cardiovascular
• Other Therapeutic Areas
By Geography:
• North America
• Europe
• Asia-pacific
• Latin America
• Middle-East and Africa
• Middle-East & Africa
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.
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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients.
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