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2020-09-01
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Biopharmaceuticals & biomedicine deals with the research and development of drugs (biologics) partially or completely using biological compounds. The year 2017 has witnessed huge growth in biopharmaceutical industry. Biomedicines are increasingly penetrating the market as the drug manufacturers and other pharmaceutical companies are inclining towards R&D of biomedicine. Thus continuous R&D, approval and huge pipeline of biomedicine and biopharmaceutical products are driving the growth of the industry. In 2017, US FDA has approved 56 new medicines, which is highest in past 2 decades. Oncology biopharmaceutical is one the most attractive segment, ensuring better treatment to the cancer and tumor patients. Although the prices of biomedicine are higher than branded medicines but effectiveness and quick response of biomedicine is keeping up the demand and over the forecast period (2017-2030) it is anticipated to have larger market share of the pharmaceutical industry.
Based on Biopharmaceuticals & Biomedicine Branch
Based on Implications
Based on Application
Based on Geography
Impact of COVID-19 Outbreak on “Global Biopharmaceutical & Biomedicine Market ”, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy. A complete detailed chapter of 50-70 pages which includes the data and information focused on impacts of the pandemic on the Global Biopharmaceutical & Biomedicine Market . It also showcases the expected recovery schedule and losses in the industry and other various major factors.
Asia Pacific Biopharmaceutical & Biomedicine Industry: Investments in Asia Pacific region is a new trend in the biopharmaceutical industry. China Food and Drug Administration (CFDA) is expected to be flooded with the approval and launch of new products. The CFDA is witnessed in past 3 years to come up with reforms in the industry. Moreover, Japan Ministry of Health, Labor and Welfare (MHLW) has also made price reforms impacting the in-market drugs price revision and also the new drugs. Similarly, South Asia biopharmaceutical industry is also witnessing high growth waves.
Competition Analysis: Biopharmaceutical & biomedicine have changed the landscape of competition in the pharmaceutical industry. The branded drug manufacturers and pharmaceuticals as seen till now were in competition with the generic drug manufacturers. Whereas, now the branded drug manufacturers are likely to shift their interest towards biopharmaceutical products. Moreover, even the low profit margin in the manufacturing and marketing of biopharmaceutical products & biomedicine, the companies are witnessed to incline towards them owing to the future growth prospects of the biopharmaceutical industry.
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