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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...