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Bio Pharmaceuticals Market

Bio Pharmaceuticals Market

Bio Pharmaceuticals Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Mar - 2022



Report Code:


Segments Covered
  • By Type By Type Monoclonal Antibody, Interferon, Insulin, Growth and Coagulation Factor, Erythropoietin, Vaccine, Hormone, Others
  • By Application By Application Oncology, Blood Disorder, Metabolic Disease, Infectious Disease, Cardiovascular Disease, Neurological Disease, Immunology, Other Applications
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 326.01 Billion
Revenue 2030Revenue 2030: USD 668.92 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 9.40%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Bio Pharmaceuticals Market Share

Market Synopsis:

Global Bio Pharmaceuticals Market is valued at USD 326.01 Billion in 2022 and is projected to reach a value of USD 668.92 Billion by 2030 at a Compound Annual Growth Rate (CAGR) of 9.40% over the forecast period.

Bio Pharmaceuticals are drugs used for medical purposes that are produced by directly extracting proteins and nucleic acids from biological sources using biotechnology. In other words, Bio Pharmaceuticals are substances produced by organisms such as microorganisms and animal cells, and have high therapeutic value. These complex and large molecular drugs are also known as biotech drugs or biologics.

Bio Pharmaceuticals Market Size, 2022 To 2030 (USD Billion)

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The Global Bio Pharmaceuticals market is driven by various factors such as increasing geriatric population, surging prevalence of chronic diseases such as cancer and diabetes, and increasing adoption of Bio Pharmaceuticals globally. Growing awareness pertaining to health concern and increasing healthcare spending are some of the other factors expected to proliferate growth of the Bio Pharmaceuticals Market. In addition, an increase in strategic collaborations among Bio Pharmaceuticals companies are also expected to complement growth of the Bio Pharmaceuticals industry in the upcoming years. The growing healthcare industry and growing applications from emerging economies will create numerous opportunities for the Bio Pharmaceuticals market. However, the high cost associated with these drugs is one of the industry's biggest constraints that may challenge the Bio Pharmaceuticals market growth. Moreover, significant cost reduction is required to make them commercially feasible.

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Market Segmentation:

The Monoclonal Antibody Segment Dominated the Market in 2021

Monoclonal antibodies specifically target affected cells without harming normal cells and the increased efficiency of treating that cell results in low or minimal side effects.

This is a major factor driving the demand for monoclonal antibodies for the treatment of various chronic diseases such as cancer, multiple sclerosis, rheumatoid arthritis, and cardiovascular diseases.

The recent COVID-19 outbreak has placed a huge burden on the healthcare system. Researchers around the world are constantly coping with this ever-increasing burden. Therefore, the demand for monoclonal antibodies against COVID-19 may exceed. For example, in July 2020, an anti-CD6 IgG1 monoclonal antibody called Itolizumab (ALZUMAb) from Biocon Ltd, India, was approved by the Drugs Controller General of India (DCGI) for the emergency treatment of cytokine release syndrome in acute respiratory distress syndrome patients with COVID-19 infection.

The Oncology Segment is Expected to Account for a Major Revenue Share in the Global Bio Pharmaceuticals Market

This is attributed to the increased use of Bio Pharmaceuticals in the treatment of various cancers such as breast, lung, and prostate cancer. The increasing prevalence of cancer in the population is driving the market growth. According to the International Agency for Research on Cancer, about 19.3 million new cancer cases were diagnosed in 2020, and this number is expected to grow by 47% from 2020 to 2040.

North America Bio Pharmaceuticals Market Holds Significant Revenue Share in the Target Market

Rising chronic disease burden and increasing investments in R&D activities in countries such as the US and Canada are the major factors driving the North America Bio Pharmaceuticals market. Recognized as the innovation capital of the world's life sciences, the US has participated in global capital investments in the early stages of Bio Pharmaceuticals companies. According to the American Cancer Society in 2020, about 1.8 million new cancer cases were reported in the US. Furthermore, the FDA plays a vital role in the market growth of the Bio Pharmaceuticals market by approving 53 new drugs in 2020. Rising investments by market players in new drug R&D and clinical trials are expected to provide lucrative growth opportunities for the prominent market players.

Asia Pacific is estimated to be the market with the most opportunities during the forecast period. Countries such as China, India and South Korea are stepping up efforts to develop Bio Pharmaceuticals industries and attract foreign direct investment due to the existence of cheap production factors. The presence of few of the world's top contract manufacturing organizations in the Asia-Pacific region contributes significantly to the growth of the Bio Pharmaceuticals market. Moreover, rise in prevalence of various chronic diseases and growing geriatric population in the region provides growth avenues for key market players. According to the World Health Organization, it is estimated that 80% of the global elderly population will live in low and middle-income countries. Furthermore, the rising awareness of Bio Pharmaceuticals in the region is expected to boost the demand for Bio Pharmaceuticals

Competitive Landscape:

The key market players are Abbott Laboratories Amgen Inc., Biogen Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co. Inc., Novo Nordisk A/S Pfizer Inc., and Sanofi.

Bio Pharmaceuticals Market is Segmented as Follows:

Parameter Details
Segments Covered

By Type

  • Monoclonal Antibody
  • Interferon
  • Insulin
  • Growth and Coagulation Factor
  • Erythropoietin
  • Vaccine
  • Hormone
  • Others

By Application

  • Oncology
  • Blood Disorder
  • Metabolic Disease
  • Infectious Disease
  • Cardiovascular Disease
  • Neurological Disease
  • Immunology
  • Other Applications

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Abbott Laboratories Amgen Inc.
  • Biogen Inc.
  • Eli Lilly and Company
  • F. Hoffmann-La Roche Ltd.
  • Johnson & Johnson
  • Merck & Co. Inc.
  • Novo Nordisk A/S Pfizer Inc.
  • and Sanofi.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Bio Pharmaceuticals Market is Tabulated as Follows:

Frequently Asked Question
  • The global Bio Pharmaceuticals valued at USD 326.01 Billion in 2022 and is expected to reach USD 668.92 Billion in 2030 growing at a CAGR of 9.40%.

  • The prominent players in the market are Abbott Laboratories Amgen Inc., Biogen Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co. Inc., Novo Nordisk A/S Pfizer Inc., and Sanofi..

  • The market is project to grow at a CAGR of 9.40% between 2023 and 2030.

  • The driving factors of the Bio Pharmaceuticals include

    • Increasing Acceptance and Huge Market Demand for Biopharmaceuticals

  • North America was the leading regional segment of the Bio Pharmaceuticals in 2022.