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biopharmaceuticals and biomedicine market trends

Biopharmaceuticals and Biomedicine Market Trends, Analysis,

And Forecasts To 2025

Biopharmaceuticals has come across as one of the major segments commanding huge growth potential

within the healthcare field. The high demand for effective treatment and increase in per capita healthcare

expenditure has resulted in double digit revenue growth for market players in recent years. The

healthcare industry provides especially profitable growth opportunities, since majority of these products

still have low market penetration rate among the population. The market is set to gain further market

share, owing to budding treatment archetypes and rapid technical innovation such as cell therapy as well

as regenerative medicines.

The major biopharmaceutical companies are concentrating on increasing investments in the

biopharmaceuticals and biomedicine sector, as the industry has led to higher return on investment as

compared to generic drugs market. Thereby, the biopharmaceuticals and biomedicine market is

characterized by rapid increase in consolidation.

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The growth of biopharmaceutical and biomedicine market correlates with healthcare amenities, per

capita healthcare expenditure, as well as research and development expense on the expansion of new

products. In the year 2016, the global healthcare spending rose by 1.7% annually. Also, there has been an

increase in prevalence rate of chronic diseases across the globe. The combination of these two

aforementioned factors results in growth in demand for biopharmaceutical drugs. Though, the price of

these drugs is moderately higher than generic drugs, there is a strong demand from end users that has

resulted in rapid increase in sales of biopharmaceutical as well as biomedicine drugs. The development of

novel concept of drugs coupled with anticipated commercialization of pipeline drugs is expected to

further encourage the biopharmaceuticals and biomedicine market growth. Though this industry is

gaining significant market share across the world, certain factors such as high operational costs, rigid

regulatory compliances, and complexity of supply chain are major hindrances for stakeholders.

The global biopharmaceutical and biomedicine market is classified based on product type and branch of

biomedicine. Depending on product type, the biopharmaceutical and biomedicine market has been

classified into cytokines, recombinant therapeutic proteins, hormones, vaccines, allergenic, somatic cells,

and monoclonal antibodies. Among these market segments, the vaccines segment commanded the major

share of this global market.

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Biomedicine-Market

depending upon biomedicine branch

Depending upon biomedicine branch, the biopharmaceutical and biomedicine market has been divided

into nano medicines, gene therapy, biochips, cell technologies, system biology, and bioinformatics. Based

on regions, the global biopharmaceutical and biomedicine market is divided into North America, Europe,

Asia Pacific, Latin America, Middle East and Africa.

The transforming healthcare landscape and rate of adoption of substitute business operating model is set

to fuel growth of North American region biopharmaceutical and biomedicine market. However, the Asia

Pacific and Latin American region is expected to gain significant market share in the forecast period.

The major players included in the report are Apeiron Biologics AG, Quest Pharmatech, Inc., AMEGA

Biotech, Teva Pharmaceutical Industries, OncoMed Pharmaceuticals, Inc., Mallinckrodt Pharmaceuticals,

Eli Lilly and Company, Sanofi S.A., Sigma Aldrich Corporation, and Janssen Biotech, Inc.

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