DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Biopharmaceuticals Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Type and by Application" report to their offering.
The global biopharmaceuticals market is expected to grow with a CAGR of 9.6% during 2015-2020.
Biopharmaceuticals are in huge demand due to the increasing prevalence of chronic diseases, which is one of the key drivers, fueling the growth of the global biopharmaceuticals market. Chronic diseases are increasing due to unhealthy lifestyle, poor diet, excess alcohol consumption, and lack of physical activity.
The increasing aging population is propelling the growth of the global biopharmaceuticals market, as the pool of elder population is more prone to illness due to low immunity levels, and high recovery time consumption. The elderly people are also susceptible to dermatological disorders, such as dermatitis and cellulitis. Moreover, common eye diseases, including glaucoma and age-related macular degeneration (AMD) are also age-related diseases. These age-related disorders would require more effective biopharmaceuticals for their treatment, thus fueling the demand of the global biopharmaceuticals market.
The technological advancements in biopharmaceuticals, such as target specific approach with high efficiency, are proving to be advantageous in treating various disorders and chronic diseases. Additionally, biopharmaceuticals have the potential to prevent, treat, and heal the diseases completely, which are otherwise difficult to cure or have no available treatment.
The restraints associated with the global biopharmaceuticals market include high cost of biopharmaceuticals and side effects, such as breathing problems, sore throat, allergic reactions, itching, and rashes due to the consumption of biopharmaceuticals
1. Research Scope and Methodology
2. Executive Summary
3. Market Outlook
4. Global Biopharmaceuticals Market Size and Forecast (2011 - 2020)
5. Global Biopharmaceuticals Market Breakdown by Type
6. Global Biopharmaceuticals Market Breakdown by Application
7. Global Biopharmaceuticals Market Breakdown by Geography
8. Competitive Analysis and Market Share
9. Company Profiles and Strategic Developments
- Abbott Laboratories
- Abbvie Inc.
- Amgen Inc.
- Astrazeneca Plc
- Bayer AG
- Biogen Idec
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- F. Hoffmann-La Roche Ltd
- Glaxo Smith Kline Plc
- Johnson & Johnson Services Inc.
- Merck & Co.,Inc.
- Novartis AG
- Pfizer Inc.
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