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According to a new market report published by Persistence Market Research u201cGlobal Market Study on Biopharmaceuticals: Asia to Witness Highest Growth by 2020u201d, the global biopharmaceuticals market was valued at US$ 162 Bn in 2014 and is expected to grow at a CAGR of 9.4% from 2014 to 2020, to reach an estimated value of US$ 278 Bn by 2020.<br><br>
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The Biopharmaceutical Market To Be Backed By Emphasis On Substantiation Report Id : PMRREP2827 Category : Life Science & Healthcare ©2020 Persistence Market Research, All Rights Reserved
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North America to remain dominant in the global parenteral medical nutrition market They can also be produced using transgenic organisms, particularly animals and plants that have been genetically engineered to produce drugs. These drugs help in prevention and treatment of various diseases such as rheumatoid arthritis, psoriatic arthritis, psoriasis, cardiovascular disease, anemia arising from chemotherapy, chronic renal failure, cancer, and diabetes. Globally, the biopharmaceuticals market is witnessing significant growth due to increasing prevalence of chronic diseases, rising aging population, technological advancements in biopharmaceuticals, and increasing R&D investments. In addition, the capability of biopharmaceuticals to approach a particular target with high efficacy helps in the treatment of various chronic diseases and disorders. Biopharmaceuticals, such as monoclonal antibodies, hormones, cytokines, clotting factors, cell therapies, antisense drugs, recombinant insulin, and vaccines, have the potential to prevent, treat, and completely heal the diseases which are otherwise difficult to cure or have no available treatment. This, in turn, fuels growth of the biopharmaceuticals market. Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/2827
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