Global Biological Drugs Market Size, Share and Trend Analysis Report,Forecast (2021-2027)


Posted February 11, 2022 by Nim0196

The global biological drugs market is anticipated to grow at a significant CAGR during the forecast period (2021-2027).

 
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According to the Center for Disease Control and Prevention (CDC), 129 million or 51.8% of noninstitutionalized adults had been diagnosed with at least 1 of 10 selected chronic conditions. Additionally, 24.6% (61 million) of adults had 1 chronic condition, and 27.2% (68 million) had equal or more than 2 chronic conditions. Furthermore, as per American Action Forum, the total cost of chronic disease in the US reaches $3.7 trillion each year which is almost 19.6% of the country’s gross domestic product (GDP). Hence, the rising chronic disease is driving the demand for biological drugs which in turn is driving the market growth.
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Market Coverage
.Market number available for – 2019-2026
.Base year- 2019
.Forecast period- 2020-2026
.Segment Covered- By Source, By Product Type, By Applications
.Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Biological Drugs Market Report by Segment
By Product
• Therapeutic Protein
• Monoclonal Antibody
• Vaccine
Global Biological Drugs Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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Contact Email [email protected]
Issued By Anurag Tiwari
Country Cambodia
Categories Health
Tags biological drugs
Last Updated February 11, 2022