Biopharmaceutical Market Size, Share, and Analysis, By Product Type (Purified Proteins, Recombinant Growth Factors, Recombinant Proteins, Recombinant Hormone, Synthetic Immunomodulatory, Monoclonal Antibodies, Vaccines, Other), By Service (Custom Testing / Customer Proprietary Testing, Laboratory Testing, Compendial, and Multi Compendial Laboratory Testing), By Raw Material Type (Active Pharmaceutical Ingredients (API), Formulation Excipients, Compendial Methods (USP/ EP/ JP) Based Vendor Qualification Program Support), By Application (Autoimmune Disorders, Metabolic Disorders, Oncology, Inflammatory and Infectious Diseases, Hormonal Disorders, Neurological Diseases, Cardiovascular Diseases, and Other) and Regional Forecasts, 2022-2032
Biopharmaceutical Market Size, Share, and Analysis, By Product Type (Purified Proteins, Recombinant Growth Factors, Recombinant Proteins, Recombinant Hormone, Synthetic Immunomodulatory, Monoclonal Antibodies, Vaccines, Other), By Service (Custom Testing / Customer Proprietary Testing, Laboratory Testing, Compendial, and Multi Compendial Laboratory Testing), By Raw Material Type (Active Pharmaceutical Ingredients (API), Formulation Excipients, Compendial Methods (USP/ EP/ JP) Based Vendor Qualification Program Support), By Application (Autoimmune Disorders, Metabolic Disorders, Oncology, Inflammatory and Infectious Diseases, Hormonal Disorders, Neurological Diseases, Cardiovascular Diseases, and Other) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Biopharmaceutical Market size was USD 311.2 billion in 2021 and projected to grow from USD 376.2 billion in 2023 to USD 895.2 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period.
Biopharmaceuticals are also referred as biologics or biologic drugs which are medical products obtained from biological sources like living organisms, proteins etc. Biopharmaceuticals are the drugs originated using biotechnology procedures and are important in modern healthcare. Biopharmaceuticals are also designed to target specific molecular characteristics of disease related to patients which is a customized treatment.
MARKET HIGHLIGHTS
Biopharmaceutical Market is expected to reach USD 895.2 billion, growing at a CAGR of 10.1% during forecast period owing to the increasing prevalence of chronic diseases and rising geriatric population which may boost the demand for growth of biopharmaceutical market. Biopharmaceuticals provide targeted therapies and have less side effects along with enhanced efficiency. The increasing research and development activities along with the usage growing usage of monoclonal antibodies in therapeutics of in vitro diagnostics is bolstering the growth of the Biopharmaceutical market.
Biopharmaceutical Market Segments:
Product Type
Purified Proteins
Recombinant Growth Factors
Recombinant Proteins
Recombinant Hormone
Synthetic Immunomodulatory
Monoclonal Antibodies
Vaccines
Other
Service
Custom Testing / Customer Proprietary Testing
Laboratory Testing
Compendial, and Multi Compendial Laboratory Testing
Raw Material Type
Active Pharmaceutical Ingredients (API)
Formulation Excipients
Compendial Methods (USP/ EP/ JP) Based Vendor Qualification Program Support
Application
Autoimmune Disorders
Metabolic Disorders
Oncology
Inflammatory and Infectious Diseases
Hormonal Disorders
Neurological Diseases
Cardiovascular Diseases
Other
MARKET DYNAMICS
Growth Drivers
Increasing Necessity of Biopharmaceuticals are Expected to Boost the Growth of the Market
Rising Investment in Healthcare is Expected to Boost the Growth of the Market
Restraint
Safety Issues May Restrain the Growth of the Market
Global Laboratory Temperature Control Units Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3. Biopharmaceutical Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Biopharmaceutical Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Biopharmaceutical Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Biopharmaceutical Market
10.1.Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast