Key Highlights of the Biologics Market
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Key Drivers of the Biologics Market
The market is majorly driven by growing capital investment from key players, the rise in the burden of chronic diseases, loss of patent exclusivity of the leading biologic drugs, and growing demand and higher acceptability for innovative therapies.
According to the World Health Organization (WHO) 2021, non-communicable diseases (NCDs) are causative of 41 million deaths in people each year, equivalent to 71% of the total death rate. Each year, more than 15 million people die from non-communicable diseases between 30 and 69 years. These growing cases of chronic diseases are expected to further increase the demand for biologics in the treatment of chronic diseases.
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Recent Developments in the Biologics Market
Related Research and Links
List of Key Players in the Biologics Market
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Mordor Intelligence has segmented the Biologics Market based on product, application, and geography:
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