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(IT-NEWSWIRE.COM, July 23, 2018 ) Biopharmaceuticals Market report provides an outlook for current market value as well as the expected growth of Biopharmaceuticals during 2018-2023. The whole supply chain of Biopharmaceuticals has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Biopharmaceuticals, together with the recent developments have been given here to provide an exhaustive picture of this market.
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.
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Market Segment by Manufacturers, this report covers Roche, Amgen, AbbVie, Sanofi-Aventis, Johnson & Johnson, Pfizer, Novo Nordisk, Eli Lilly, Novartis and Merck.
Market Segment by Regions, regional analysis covers · North America (United States, Canada and Mexico) · Europe (Germany, France, UK, Russia and Italy) · Asia-Pacific (China, Japan, Korea, India and Southeast Asia) · South America (Brazil, Argentina, Colombia etc.) · Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers · Monoclonal Antibodies · Interferon · Colony-Stimulating Factor · Erythropoietin · Insulin · Vaccines · Growth Hormones · Others
Market Segment by Applications, can be divided into · Tumor · Diabetes · Cardiovascular · Hemophilia · Others
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Scope of the Report: · This report focuses on the Biopharmaceuticals in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. · It is costly to discover and develop new drugs/medicines due to expensive research processes, Costs associated with clinical trials, resource-intensive approval procedures and costs associated With manufacturing (if the trials are successful). · An additional point is that European R&D costs are higher than in other world regions due to the fragmented European patent system. The implications of a fragmented patent system in Europe include high uncertainty, quality drop and prohibitive costs, which are at least four times higher than in the US, China and South Korea thus constituting a financial burden on especially small biopharmaceutical enterprises in Europe (van Pottelsberghe 2009). · The worldwide market for Biopharmaceuticals is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017
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