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Biologics Market OverviewBiologics also referred to as a biologic drug, is generally produced from living organisms and contain components of living organisms.
Biologics can also be derived from animal, human, or microorganisms with the help of biotechnological techniques.
The global biologics market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 6.95%, surpassing a valuation of USD 285,520.4 million during the forecast period (2018-2023).The biologics market is highly driven by the increasing capital investment from the major industry players, increasing incidences of chronic diseases, higher acceptability and surging demand for innovative therapies, and loss of patient exclusivity of leading biologic drugs.
Moreover, strict regulatory mandates for the approval of biologics will deter its growth in the years to come.Global Biologics Market: Segmental AnalysisThe global biologics market has been segmented on the basis of product, disease indication, and manufacturing.By product, the biologics market is segmented into interleukins, monoclonal antibody, growth factors, vaccines, gene therapy, and others.
Of these, the monoclonal antibody segment held 33% of the market share in 2017.
Meanwhile, the rheumatoid arthritis segment is likely to gain prominence due to the rapid approval of several drugs by the regulatory agencies.The manufacturing segment comprises sourced and in-house.
The global anti-inflammatory biologics market size is expected to reach USD 149.80 billion by 2027, exhibiting a CAGR of 11.0% during the forecast period.
The indication of an inflammatory surplus in patients with COVID-19 along with plentiful neutrophils and macrophages will revivify growth prospects for the anti-inflammatory biologics market share during the forecast period.
The ongoing trials for anti-tumor necrosis factor (TNF) antibodies in severe cases of autoimmune inflammatory disease such as rheumatoid arthritis, inflammatory bowel disease, or ankylosing spondylitis will aid the speedy expansion of the market during the forecast period, mentioned by Fortune Business Insights.Please visit:https://www.fortunebusinessinsights.com/anti-inflammatory-biologics-market-102733Anti-Inflammatory Biologics Market Size, Share & Industry Analysis, By Drug Class (Anti-Tumor Necrosis Factor (TNF), Interleukin Antagonists, Janus Kinase (JAK) Inhibitors, Others), By Application (Rheumatoid Arthritis, Psoriasis, and Others), By Route of Administration (Oral and Injection (Subcutaneous and Intravenous)), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Pharmacy), and Regional Forecast, 2020-2027” the market size stood at USD 64.84 billion in 2019.Ongoing Trails for Anti-Tumour Necrosis Factor Therapy to Benefit COVID-19 PatientsThe increasing R investments by major players for the development of biologics will promote market growth in the forthcoming years.
The growing prominence of TNF in acute inflammatory reactions will have a positive impact on the market.
Similarly, the ongoing research for anti-TNF therapy in patients with COVID-19 for counteraction and prevention will tremendously influence the market in the forthcoming years.Moreover, the advent of novel biological therapies and monoclonal antibodies by biopharma giants will facilitatethe healthy growth of the marketduring the forecast period.
For instance, in December 2019, UCB S.A, a multinational biopharmaceutical company announced positive results from the phase 3 clinical study of Bimekizumab for the treatment of psoriasis.