The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the biologic therapy market. The scope of this report covers the biologic therapy market by its major segments, which include the types, applications, and the major geographic regions.
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According to the report, “Biologic Therapy Market, by Product (Instruments, Kits & Reagents, Services), Method (Protein Therapy, Vaccines Therapy, Cell Therapy), Application (Pharmaceuticals, Medical, Healthcare, Cellular Therapy, Gene Therapy) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for biologic therapy is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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Biological therapy is a treatment procedure which makes use of living organisms, or substance derived from living organisms, or in-vitro preparations of similar substances, to treat diseases. For example, biological therapies used to treat cancer involve injecting vaccines in the patient’s body.
This activates the immune system of the patient and helps to fight the cancer cells.
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There are other biological therapies which involve antibodies or some segments of genetic material. This therapy directly attacks the cancer cells hence it is called as targeted therapies.
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KEY PREMIUM INDUSTRY INSIGHTS
- The rise in new pharmaceutical industries, and government funding and support for existing pharmaceutical and biotechnology industries are some of the major factors for the growth of the biologic therapy market.
- Other market drives include technically enhanced therapies, rise in population, and increase in number of infectious diseases. Rise in companies investing in research and development of novel biologic therapies is opening new opportunities for market growth.
- However, high cost involved in manufacturing the biologic substances and expensive therapies are hampering the market growth acting as potential market restraints.
The biologic therapy market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and the Rest of the World. North America is the dominant region as it is contributing towards the highest market revenue.
This is because of rise in demand of well-developed healthcare facilities and presence of several biotechnology and medical devices companies. There is increase in public awareness and demand for healthier and safer treatment options which is promoting the North American Market.
Next in line is the Asia-Pacific and Europe market wherein the market is estimated to grow in the future.
KEY MARKET PLAYERS
Key players in the biologic therapy market include:
- Adpen Laboratories
- Aegis Food Testing Laboratories
- ALS Limited
- Avomeen Analytical Services
- Bio-Rad Laboratories
- Campden Bri
- Bureau Veritas SA
- Genevac Ltd.
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