Global Market Study on Biological Drugs (2020) - Size, Share, Trend, Analysis

Biological Drugs Market - Global market is led by North America, 2020

Persistence Market Research

Global Biological Drugs Market Will Reach

US$ 287 Billion in 2020 - Persistence Market

Research

Persistence Market Research

1

Biological Drugs Market - Global market is led by North America, 2020

Persistence Market Research Released New Market Report “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.

Browse the full report at : http://www.persistencemarketresearch.com/mediarelease/globalbiological-drugs-market.asp

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.

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...