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(Medical-NewsWire.com, June 22, 2016 ) Biopharmaceuticals are medicinal drugs which are produced through biotechnology methods such as recombinant DNA techniques, fermentation, hybridoma techniques, and purification processes. Biopharmaceutical production involves the usage of biological sources, either live organisms or their active components. They are made up of proteins and nucleic acids and target specific diseases and patients groups. Biopharmaceuticals are used in the treatment of various chronic diseases such as cardiovascular, metabolic, neurological, cancer, and other rare diseases for which there are no available treatments. Biopharmaceuticals have lead to enhancement in the quality of healthcare and has improved the quality of life of patients. Various biopharmaceuticals used for treating such diseases are monoclonal antibodies, erythropoietin, growth hormones, recombinant proteins, recombinant human insulin, purified proteins, interferon, vaccines and other biopharmaceuticals. However, high costs of biopharmaceuticals, entry of low-cost biosimilars, and risk of side-effects posed by biopharmaceuticals act as restraints for the biopharmaceuticals market.
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In terms of value, North America dominates the biopharmaceuticals market. This is due to rising research and development investments and increasing technological advancements in biopharmaceuticals in the region. The market in Asia is expected to experience a high growth rate in the near future. This is due to improving the quality of healthcare and increasing adoption of biopharmaceuticals by physicians, drug wholesalers, pharmacies, and patients in the region.
Various factors such as increasing chronic diseases, aging population, and technological advancements in biopharmaceuticals along with increasing investment in research and development by various companies has lead to the growth of the global biopharmaceuticals market. However, high costs of biopharmaceuticals, the risk of side–effects, and availability of low-cost biosimilars are restraining the growth of the global market for biopharmaceuticals.
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Table of Content
Chapter 1 Preface 14
1.1 Report Description 14
1.2 Research Methodology 15
1.3 Assumptions 15
Chapter 2 Market Synopsis 17
Chapter 3 Porter’s Five Forces Analysis 19
3.1 Bargaining Power of Suppliers 19
3.2 Bargaining Power of Buyers 20
3.3 Threat of New Entrants 20
3.4 Threat of Substitutes 21
3.5 Intensity of Rivalry 21
Chapter 4 Market Overview 22
4.1 Market Definition 22
4.2 Market Drivers 26
4.2.1 Increasing aging population 26
4.2.2 Rising cases of chronic diseases 27
4.2.3 Technological advancements 28
4.2.4 Increasing R&D investments 28
4.3 Impact Analysis of Market Drivers 30
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