Biological Drugs

Global Biological Drugs Market to Reach US$634.4 Billion by 2030

The global market for Biological Drugs estimated at US$376.3 Billion in the year 2024, is expected to reach US$634.4 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2024-2030. Therapeutic Protein, one of the segments analyzed in the report, is expected to record a 10.3% CAGR and reach US$289.1 Billion by the end of the analysis period. Growth in the Monoclonal Antibody segment is estimated at 8.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$106.1 Billion While China is Forecast to Grow at 8.4% CAGR

The Biological Drugs market in the U.S. is estimated at US$106.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$96.2 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.4% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Global Biological Drugs Market - Key Trends & Drivers Summarized

What Sets Biological Drugs Apart from Traditional Pharmaceuticals?

Biological drugs, or biologics, represent a distinct class of therapies derived from living organisms, including cells, tissues, or recombinant DNA technology. Unlike conventional pharmaceuticals, which are chemically synthesized, biologics are large, complex molecules that target specific disease mechanisms at a cellular or molecular level. These drugs have transformed the treatment of chronic conditions such as cancer, autoimmune diseases, and diabetes by offering highly targeted, effective therapies. Biologics are also at the forefront of precision medicine, enabling treatments to be tailored to an individual’s genetic makeup, which enhances therapeutic outcomes and reduces side effects.

How Is the R&D Pipeline Shaping the Future of Biological Drugs?

The biological drugs market is witnessing significant innovation, particularly in monoclonal antibodies, gene therapies, and therapeutic proteins. New biologics are being developed to address unmet medical needs, especially in areas like oncology, neurology, and rare genetic disorders. Advances in biotechnology, including CRISPR and CAR-T therapies, are allowing for the development of personalized biologics that can modify disease pathways or even repair defective genes. The growing number of biologics in the development pipeline, coupled with advances in manufacturing techniques like continuous bioprocessing, is making it easier to produce biologics at scale, which will be key to meeting global healthcare needs in the future.

How Is the Adoption of Biological Drugs Impacting Healthcare Systems?

As biologics become more prevalent in treating chronic and life-threatening diseases, they are reshaping healthcare delivery systems. However, their high cost has led to challenges in terms of affordability and accessibility, particularly in developing markets. To address this, biosimilars—essentially, cheaper, highly similar versions of biologic drugs—are gaining traction. The introduction of biosimilars is expected to reduce the overall healthcare burden and make these life-saving treatments more accessible to a broader population. Regulatory frameworks are evolving to facilitate the approval and market entry of biosimilars, which could significantly influence pricing dynamics and competition in the biological drugs market.

What Role Does Regulatory Approval Play in the Expansion of Biological Drugs?

The regulatory landscape for biological drugs is a critical factor in market growth. Stringent approval processes ensure that biologics meet the highest safety and efficacy standards, which can be a lengthy and expensive endeavor for drug manufacturers. However, as regulatory bodies such as the U.S. FDA and European Medicines Agency (EMA) streamline pathways for both biologics and biosimilars, the pace of approvals has increased, particularly for drugs targeting rare diseases and unmet medical needs. Favorable regulations and accelerated approval processes for orphan drugs and breakthrough therapies are helping to bring innovative biologics to market more quickly, contributing to the overall expansion of this sector.

The growth in the biological drugs market is driven by several factors, including the increasing prevalence of chronic diseases, the rise of precision medicine, and advancements in biotechnological research. The growing demand for personalized therapies that offer more effective treatment with fewer side effects is a major driver. Additionally, the approval of novel biologics for rare and complex conditions, along with favorable government policies supporting biologics R&D, is boosting market expansion. The rise of biosimilars is also playing a critical role, as they are poised to increase market accessibility and reduce treatment costs, thereby further driving growth in the biologics segment.

SCOPE OF STUDY:

The report analyzes the Biological Drugs market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Therapeutic Protein, Monoclonal Antibody, Vaccine)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 46 Featured) -

• Abbott Laboratories
• Amgen, Inc.
• Baxter International, Inc.
• Biogen, Inc.
• Bristol-Myers Squibb Company
• Eli Lilly and Company
• GlaxoSmithKline PLC
• Merck & Co., Inc.
• Novartis AG
• Pfizer, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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