Biologics Market Shares, Strategies and Forecast Worldwide 2020

TEXAS CITY, Texas - Sept. 16, 2020 - PRLog -- The Business Research Company published its Biologics Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Biologics market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.

The report covers the biologics market's segments-
1) By Type, Monoclonal Antibodies (MAbS), Therapeutic Proteins, Vaccines
2) By Distribution Channel, Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others
3) By Route Of Administration, Oral, Parenteral, Others
4) By Drug Classification, Branded Drugs, Generic Drugs
5) By Mode Of Purchase, Prescription-Based Drugs, Over-The-Counter Drugs.

Subsegments Covered: Anti-Cancer MAbS, Immunological MAbS, Anti-Infective Monoclonal Antibodies (MAbs), Neuropharmacological MABS, Cardiovascular And Cerebrovascular MAbS, Others - Monoclonal Antibodies (MAbs), Metabolic Disorders Therapeutic Proteins, Cancer Therapeutic Proteins, Cardiovascular Therapeutic Proteins, Immunological Therapeutic Proteins, Others - Therapeutic Proteins, Anti-Infective Vaccines, Autoimmunity Vaccines, Others-Vaccines.

Biologics Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.

View Complete Report: https://www.thebusinessresearchcompany.com/report/biologics-global-market-report-2020-30-covid-19-impact-and-recovery

The global biologics market is expected to decline from $269.2 billion in 2019 to $239.2 billion in 2020 at a compound annual growth rate (CAGR) of -11.2%. The decline is mainly due to the worldwide supply and demand failures of drugs due to the COVID-19 outbreak. The biologic drug shortages because of an inadequate production of biologics is hampering the market growth. The inadequate or slowed production is due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 15% from 2021 and reach $464.7 billion in 2023.

Biologics are being widely used to provide effective treatment for many complex diseases such as rheumatoid arthritis, psoriasis, Crohn's disease that have limited treatment options. There has been a significant advance in the treatment of rheumatoid arthritis patients who do not respond to traditional disease-modifying anti-rheumatic drugs.

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