The Global Biological Drugs Market To Keep Innovation In Concurrence With Growth In The Next 10 Years

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Biological Drugs Market
Report Id PMRREP2883 Category Life Science
Healthcare
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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.

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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.

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