Biologics Market 2020, Growing Trends, In-depth Analysis And Share 2023

1
Global Biologics Market (Covid-19) Analysis,
Growth, Opportunities, Strategies And Forecast To
2023
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Biologics Market Characteristics

• The global biologics market is expected to
  decline from 269.2 billion in 2019 to 239.2
  billion in 2020 at a compound annual growth rate
  (CAGR) of -11.2. The decline is mainly due to
  the worldwide supply and demand failures of drugs
  due to the COVID-19 outbreak. Biologic drug
  shortages because of an inadequate production of
  biologics is hampering the market growth. The
  inadequate or slowed production is due to the
  restrictions imposed by governments of various
  countries to shutdown factories or function with
  minimal staffing to contain the spread of virus
  and keep the staff safe. The market is then
  expected to recover and grow at a CAGR of 15
  from 2021 and reach 464.7 billion in 2023.
• The report covers the Biologics markets
  segments- 1) By Type Monoclonal Antibodies
  (MAbs), Therapeutic Proteins, Vaccines.2) By
  Distribution Channel Hospital Pharmacies, Retail
  Pharmacies/ Drug Stores, Others.3) By Route Of
  Administration Oral, Parenteral, Others.4) By
  Drug Classification Branded Drugs, Generic
  Drugs.5) By Mode Of Purchase Prescription-Based
  Drugs, Over-The-Counter Drugs.

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3
Major Key Players

• The major players in the global biologics market
  are Johnson Johnson, F. Hoffmann-La Roche Ltd.,
  Bristol-Myers Squibb, GlaxoSmithKline Plc.,
  AbbVie
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  the COVID-19 and how it is likely to emerge and
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  the global market.
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  research findings.
• Benchmark performance against key competitors
  of the market.
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