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Demand For Innovative Therapies for Chronic Illnesses is set to Drive Growth in the Biologics Market is projected to reach USD 817.48 Billion by 2032, growing at a CAGR of 8.5% | FMI

NEWARK, Del, Oct. 29, 2024 (GLOBE NEWSWIRE) — The global biologics market, valued at USD 335.43 billion in 2021, is anticipated to soar to USD 817.48 billion by 2032, expanding at an impressive compound annual growth rate (CAGR) of 8.5% between 2022 and 2032. Amidst the declining productivity of small molecule drugs, biologics are rapidly emerging as a pivotal focus within healthcare, with new therapies providing innovative solutions for complex conditions like Crohn’s disease and arthritis. As patients and healthcare providers increasingly turn toward branded treatments and novel therapies, the market for biologics is set for exponential growth in the coming decade.

The biologics sector is witnessing accelerated advancements as scientists explore species and expression systems that enhance drug productivity. With ongoing developments in cell lines and reagents, biologics productivity is expected to reach unprecedented levels. These advancements not only boost therapeutic efficacy but also provide experienced patients with more treatment options, underscoring the potential for biologics to revolutionize patient care.

Groundbreaking Biologic Drugs Entering the Market:

The rise of biologics is driven by innovations in therapeutic modalities such as monoclonal antibodies, which currently dominate the market, alongside next-generation biologics. Emerging drugs, including nanobodies, fusion proteins, gene and cell therapies, and antisense RNAi therapeutics, are in advanced stages of clinical trials, poised to significantly disrupt the market. Notable approvals, such as the antibody-drug conjugate Tidvak in September 2021 and the cell-based gene therapy Abecma in March 2021, illustrate the transformative potential of biologic therapies. Furthermore, investments like Biocon Biologics’ USD 75 million injection from Abu Dhabi’s ADQ in January 2021 highlight the growing financial commitment to biotechnological advancements.

The Impact of Biosimilars on Market Dynamics:

While the biologics market is advancing rapidly, the rise of biosimilars presents both a challenge and an opportunity. With patents for numerous biologic drugs expiring, biosimilars have gained traction as cost-effective alternatives, especially in regions like Europe and the US. As of 2021, Europe had approved nearly 65 biosimilars, while the US approved 33. These alternatives have resulted in substantial savings—estimated at USD 6.1 billion in Europe alone—driving competition and encouraging innovation within the biologics sector.

Explore the Full Report for Detailed Insights! https://www.futuremarketinsights.com/reports/biologics-market

Insights from Future Market Insights’ Latest Report:

Future Market Insights’ comprehensive report, Biologics Market, dives into these market dynamics, leveraging a robust research methodology to analyze key trends, opportunities, and future projections for the biologics sector. Through an integrated approach encompassing primary, secondary, and tertiary research, FMI’s team of experts offers actionable insights into how biologics are transforming modern healthcare.

“With our growing understanding of the molecular and genetic basis of diseases, the biologics market is poised to stand tall through 2032, underscoring the promising outlook for this dynamic sector.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways from Biologics Market:

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Key Segments Covered in the Biologics Industry Survey:

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French Translation

Le marché mondial des produits biologiques, évalué à 335,43 milliards USD en 2021, devrait atteindre 817,48 milliards USD d’ici 2032, avec un taux de croissance annuel composé (TCAC) impressionnant de 8,5 % entre 2022 et 2032. Dans un contexte de baisse de productivité des médicaments à petites molécules, les produits biologiques deviennent rapidement un centre d’intérêt central dans le domaine des soins de santé, avec de nouvelles thérapies offrant des solutions innovantes pour des maladies complexes comme la maladie de Crohn et l’arthrite. Alors que les patients et les prestataires de soins de santé se tournent de plus en plus vers les traitements de marque et les nouvelles thérapies, le marché des produits biologiques devrait connaître une croissance exponentielle au cours de la prochaine décennie.

Le secteur des produits biologiques connaît des progrès accélérés à mesure que les scientifiques explorent des espèces et des systèmes d’expression qui améliorent la productivité des médicaments. Avec les développements continus dans les lignées cellulaires et les réactifs, la productivité des produits biologiques devrait atteindre des niveaux sans précédent. Ces progrès permettent non seulement d’accroître l’efficacité thérapeutique, mais aussi d’offrir aux patients expérimentés davantage d’options de traitement, ce qui souligne le potentiel des produits biologiques à révolutionner les soins aux patients.

Des médicaments biologiques révolutionnaires entrent sur le marché :

L’essor des produits biologiques est stimulé par des innovations dans des modalités thérapeutiques telles que les anticorps monoclonaux, qui dominent actuellement le marché, aux côtés des produits biologiques de nouvelle génération. Les médicaments émergents, y compris les nanocorps, les protéines de fusion, les thérapies géniques et cellulaires et les thérapies antisens à ARNi, sont à un stade avancé d’essais cliniques, sur le point de perturber considérablement le marché. Des approbations notables, telles que le conjugué anticorps-médicament Tidvak en septembre 2021 et la thérapie génique cellulaire Abecma en mars 2021, illustrent le potentiel transformateur des thérapies biologiques. En outre, des investissements tels que l’injection de 75 millions de dollars de Biocon Biologics par l’ADQ d’Abu Dhabi en janvier 2021 soulignent l’engagement financier croissant en faveur des avancées biotechnologiques.

L’impact des biosimilaires sur la dynamique du marché :

Alors que le marché des produits biologiques progresse rapidement, l’essor des biosimilaires présente à la fois un défi et une opportunité. Avec l’expiration des brevets de nombreux médicaments biologiques, les biosimilaires ont gagné du terrain en tant qu’alternatives rentables, en particulier dans des régions comme l’Europe et les États-Unis. En 2021, l’Europe avait approuvé près de 65 biosimilaires, contre 33 pour les États-Unis. Ces alternatives ont permis de réaliser des économies substantielles, estimées à 6,1 milliards de dollars rien qu’en Europe, de stimuler la concurrence et d’encourager l’innovation dans le secteur des produits biologiques.

Aperçu du dernier rapport de Future Market Insights :

Le rapport complet de Future Market Insights, Marché des produits biologiques, plonge dans cette dynamique de marché, en s’appuyant sur une méthodologie de recherche robuste pour analyser les principales tendances, opportunités et projections futures du secteur des produits biologiques. Grâce à une approche intégrée englobant la recherche primaire, secondaire et tertiaire, l’équipe d’experts de FMI offre des informations exploitables sur la façon dont les produits biologiques transforment les soins de santé modernes.

« Grâce à notre compréhension croissante des bases moléculaires et génétiques des maladies, le marché des produits biologiques est prêt à se démarquer jusqu’en 2032, ce qui souligne les perspectives prometteuses de ce secteur dynamique. » opine Sabyasachi Ghoshvice-président associé chez Future Market Insights (FMI).

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Authored By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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