Global Biopharmaceutical Market Growth (Status and Outlook) 2023-2029

Global Biopharmaceutical Market Growth (Status and Outlook) 2023-2029

A biopharmaceutical, also known as a biologic (al) medical product, biological, or biologic, is any pharmaceutical drug product manufactured in, extracted from, or semi synthesized from biological sources. Different from totally synthesized pharmaceuticals, they include vaccines, blood, blood components, allergenic, somatic cells, gene therapies, tissues, recombinant therapeutic protein, and living cells used in cell therapy. Biologics can be composed of sugars, proteins, or nucleic acids or complex combinations of these substances, or may be living cells or tissues. They (or their precursors or components) are isolated from living sources—human, animal, plant, fungal, or microbial.

LPI (LP Information)' newest research report, the “Biopharmaceutical Industry Forecast” looks at past sales and reviews total world Biopharmaceutical sales in 2022, providing a comprehensive analysis by region and market sector of projected Biopharmaceutical sales for 2023 through 2029. With Biopharmaceutical sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biopharmaceutical industry.

This Insight Report provides a comprehensive analysis of the global Biopharmaceutical landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biopharmaceutical portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biopharmaceutical market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biopharmaceutical and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biopharmaceutical.

The global Biopharmaceutical market size is projected to grow from US$ 209900 million in 2022 to US$ 341900 million in 2029; it is expected to grow at a CAGR of 7.2% from 2023 to 2029.

North America has the highest market share for the estimated period owing to presence of sophisticated healthcare infrastructure, growing geriatric population base and increased healthcare expenditure in the region. Asia Pacific is expected to register the highest growth rate for the forecasted period mainly due to presence of unmet market opportunities in the region.

This report presents a comprehensive overview, market shares, and growth opportunities of Biopharmaceutical market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Monoclonal Antibodies
Interferon
Erythropoietin
Insulin
Other

Segmentation by application
Tumor
Diabetes
Cardiovascular
Hemophilia
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Roche
Amgen
AbbVie
Sanofi-Aventis
Johnson & Johnson
Pfizer
Novo Nordisk
Eli Lilly
Novartis
Merck

Please note: The report will take approximately 2 business days to prepare and deliver.