The Global Biological Drugs Market To Keep Innovation In Concurrence With Growth

1. Biological Drugs Market Report Id : PMRREP2883 Category : Life Science & Healthcare ©2020 Persistence Market Research, All Rights Reserved

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3. The Global Biological Drugs Market To Keep Innovation In Concurrence With Growth In The Next 10 Years According to a new market report published by Persistence Market Research “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. 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. Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/2883

4. Some of the major players in the biological drugs market: • Pfizer Inc. • Abbott Laboratories. • Novartis AG. • Eli Lilly and Company. • GlaxoSmithKline plc. • Bristol-Myers Squibb Company. • Merck & Co., Inc. • Amgen Inc. • Baxter International Inc. • Biogen Idec. Access Full Report @ https://www.persistencemarketresearch.com/checkout/2883