(PharmaNewsWire.Com, November 29, 2017 ) “Asia-Pacific Bio pharmaceuticals " research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 10.05% to reach USD 49.5 billion by 2021, from USD 30.67 billion in 2016, which amounts to a cumulative growth of USD 18.83 billion.
Bio pharmaceuticals Market are all those products related to pharmaceutical drugs which are derived or partially synthesized biological sources. It consists of proteins and nucleic acids which are extracted from indirect biological sources for the purpose of therapeutics or vivo diagnostics.
The first biopharmaceutical product which got an approval was Insulin. Biopharmaceuticals can be classified into hematopoietic growth factors, vaccines, interferon, blood factor, monoclonal antibodies, thrombolytic agent and hormone. The extraction of biopharmaceuticals is essential to characterize physiochemical, applying in clinical purposes and for purification. Among the global pharmaceutical market sales, biopharmaceuticals are the estimated to be the fastest growing market which constitutes of about 8% of the market sales.
The report also presents detailed analysis of multitude of factors affecting the diagnostic imaging market bearing either positive or negative outcomes. Some of those factors are
• Rising disposable income,
• Increasing demand for healthcare products,
• Accessible modernised goods and services,
• Increasing prevalence of obesity, diabetes and heart diseases,
• Improving healthcare infrastructure in developing markets,
• Establishment of ‘free zones’ for foreign countries,
For granular level understanding the Bio pharmaceuticals Market is segmented based on product type and therapeutics type, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on product type the market is segmented into Monoclonal Antibodies (mAb), Erythropoietin, Biotech Vaccines, Recombinant Human (RH) Insulin, Granulocyte colony-stimulating factor (G-CSF), Interferon and Human growth hormones (HGH). Based on therapeutics type, the market is bifurcated into Neurology, Infectious diseases, Diabetes, Oncology, Cardiovascular and other therapeutic areas.
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. Vietnam is expected to possess the major chunk of the market with 16.4% which is followed by China with 15.0%.
Some of the key players that operate in the Asia-Pacific Bio pharmaceuticals market include Novartis AG , Eli Lilly and Company , Amgen Inc., Bayer AG and Biogen Idec.
The Asia- Pacific Bio pharmaceuticals market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of product type, therapeutics type, along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
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