(Health-NewsWire.Net, January 19, 2016 ) The global biopharmaceuticals market is increasing, due to growing aging population. In addition, the increasing healthcare investments around the world are propelling the increase in R&D investments, which is fuelling the growth of the global biopharmaceuticals market. Furthermore, the increasing prevalence of chronic diseases due to unhealthy lifestyle, poor diet, excess alcohol consumption, and lack of physical activity is also contributing to the growth in demand of biopharmaceuticals globally. On the basis of types, the global recombinant human insulin market segment is expected to witness fastest growth during the forecast period. Among the application segment, the oncology segment accounted for the largest market in the global biopharmaceuticals market in 2014; and is expected to witness fastest growth, with 11.1% CAGR during the period 2015 2020.
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The information and data in the publication Global Biopharmaceuticals Market Size, Share, Development, Growth and Demand Forecast to 2020 Industry Insights by Type (Monoclonal Antibodies, Recombinant Proteins, Interferon, Colony-Stimulating Factor, Erythropoietin, Recombinant Human Insulin, Vaccines, Growth Hormones, Purified Proteins and others) and by Application (Oncology, Inflammatory and Infectious Diseases, Metabolic disorders, Neurological Disorders, Cardiovascular Diseases and others) represent the research and analysis of data from various primary and secondary sources.
The R&D investments in formulation and development of a drug have increased, due to the growing demand for prevention, treatment, and complete curative options for various diseases. Many pharmaceutical companies are focusing on developing more effective products to treat life-threatening diseases and encourage patients to live healthier lives with reduced disabilities. Also, the aging population is increasing rapidly around the world. 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.
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The key companies operating in the global biopharmaceuticals market include AbbVie Inc, Sanofi, Eli Lilly and Company, Pfizer Inc., Abbott Laboratories, AstraZeneca PLC, Novartis AG, Biogen Idec , Bristol-Myers Squibb Company and Amgen Inc.
BIOPHARMACEUTICALS MARKET SEGMENTATION
Global Biopharmaceuticals market breakdown by type
Monoclonal Antibodies Market
Recombinant Proteins Market
Interferon Market
Colony-Stimulating Factor Market
Erythropoietin Market
Recombinant Human Insulin Market
Vaccines Market
Growth Hormones Market
Purified Proteins Market
Others Market
Global Biopharmaceuticals market breakdown by application
Oncology Market
Inflammatory and Infectious Diseases Market
Metabolic Disorders Market
Neurological Disorders Market
Cardiovascular Diseases Market
Others Market
Global Biopharmaceuticals market breakdown by geography
North America The U.S, Canada, and Rest of North America
Europe Germany, The U.K., France, Russia, Italy, Spain, and Rest of Europe
Asia India, China, Japan, and Rest of Asia.
Rest of the World (RoW) Brazil, Australia, and others
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