Biologics, also known as biological medications, are disease-modifying drugs made from living organisms or their components. They contain blood products, vaccines, tissues, & more derived from different sources like animals, humans, & plants. These substances influence essential proteins, modify hormones & cells, and can either boost or suppress the immune system, ultimately impacting natural biological processes.
Market Dynamic
According to the World Health Organization (WHO), about
41 million people lose their lives to chronic diseases annually. The most common among these is cardiovascular disease, causing about
17.9 million lives per year, followed by cancer, diabetes, & respiratory disorders. Together, these four categories are responsible for a
higher 80% of all chronic disease-related deaths. The prevalence of chronic diseases has driven advancements in advanced diagnostics & treatments. Biologics, which are commonly engineered medicines targeting the immune system to fight inflammation, play a major role in addressing these health challenges. The growth of the biologics market is further influenced by growing healthcare expenditures & government initiatives focused on enhancing healthcare infrastructure.
However, many challenges are there in the biologics market, like the high costs associated with drug development & distribution create obstacles to growth. Also, limited healthcare infrastructure in developing economies, less skilled professionals, & a lack of awareness about biologics in research facilities may restrain and impede market growth. Moreover, the sensitivity of biologics to heat & light necessitates precise refrigeration, which is not consistently available worldwide, further hindering the market's growth.
Research Scope and Analysis
By Source
The global biologics market in terms of source is categorized into microbial, mammalian, and others. In 2023, the microbial source category takes a leading position within the biologics industry, holding a substantial share, which is primarily because a majority of the biologics currently approved have been created & produced using microbial expression systems. In addition, products like platelet-derived growth factor, granulocyte-macrophage colony-stimulating factor, recombinant insulin, & recombinant interferons are all manufactured in microbial expression systems.
Further, the mammalian expression systems segment is anticipated to witness major growth in the forecasted period. These systems are predominantly used for developing recombinant proteins & viral-vector-based vaccines. The most commonly used mammalian cell lines in this context are CHO & HEK, which are driven by their effectiveness in producing these advanced biological products, marking an encouraging avenue for future growth in the biologics market.
By Product
Regarding the product, the monoclonal antibodies (MABs) category takes a substantial share in 2023, particularly because these drugs find broad application across several therapeutic areas. MABs offer the advantage of precisely targeting diseased cells while saving healthy ones, making them a popular choice in biological therapies, as they have emerged as the prominent category among approved biologic drugs to date.
Also, the antisense and RNAi therapeutics segment is expected to have significant growth in the coming years. These biological products enable accurate and effective gene silencing, resulting in the development and approval of numerous gene-silencing drugs for genetic diseases. This expansion is driven by the potential to address specific genetic conditions, making it a major segment in driving the biologics market's future.
By Disease
The oncology category in the diseases category stands as the driving factor in the biologics industry, holding a significant share in 2023. This is primarily due to the alarming prevalence of cancer, where approximately 2 million new cases and over 600,000 cancer-related deaths were reported in the U.S. in 2022 as per the American Cancer Society. Further, the introduction of biologic treatments, mainly monoclonal antibodies & immunotherapy, has markedly enhanced cancer care, increasing survival rates & lowering the side effects. In addition, biological drugs have left a positive mark on breast
cancer treatment, as seen with the successful use of Herceptin.
Moreover, the hematological disorder category is anticipated to experience the most rapid growth in the forecast period, which is driven by the approval of gene therapy for rare blood disorders like hemophilia, which is a significant factor driving the market expansion.
By Manufacturing
The in-house manufacturing segment holds the dominant share of the market in 2023, as manufacturing biological drugs is more complex compared to small molecules, including live micro-organism cultures & strict regulatory compliance. In-house manufacturing gives the advantage of direct control, enabling better day-to-day monitoring of biological drug production.
In addition, the outsourcing segment is expected to grow at a high rate in the coming years, as numerous Contract Development & Manufacturing Organizations (CDMOs) like Lonza, Wuxi Biologics, & Samsung Biologics have established state-of-the-art biologic manufacturing facilities. Collaborating with these CDMOs gives organizations access to manufacturing experts, allowing successful downstream process development & the integration of new technologies. The market's growth is highly influenced by the growth in the number of CDMOs & their expansion in production capacity.
The Biologics Market Report is segmented on the basis of the following
By Source
- Microbial
- Mammalian
- Others
By Product
- Monoclonal Antibodies
- Antisense & RNAi Therapeutics
- Vaccines
- Recombinant Proteins
- Others
By Disease
- Oncology
- Infectious Diseases
- Cardiovascular Disorders
- Immunological Disorders
- Hematological Disorders
- Others
By Manufacturing
Regional Analysis
North America leads the global biologics market with the largest
share of 45.7% in 2023 in terms of market revenue due to various factors, which include a high prevalence of chronic diseases, the presence of key
biopharmaceutical companies, favorable reimbursement policies, & high investments in R&D. The growth in the use of biologic prescriptions & investments in targeted drug development also contribute to market growth. In addition, the approval of innovative biological drugs like antisense & RNAi therapeutics, and gene therapy, is expected to drive further expansion.
Also, the Asia Pacific region is set to experience significant growth during the forecasted period. The growth in the number of diseases like diabetes, cancer, and heart conditions, along with a rise in the elderly population, has led to a rise in demand for biologics. Market leaders are investing in advanced biologic products to meet this need, and the adoption of biosimilars is playing an important role in enhancing the accessibility & affordability of biologic treatments, further fueling market growth in the region.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The biologics market has a decent level of competition with many key players, who are using strategies like launching new products, mergers, acquiring other companies, & forming partnerships to enhance their positions in the market. They also invested a lot of money in R&D biologics as they are quite expensive to make.
Like, in February 2022, the Janssen Pharmaceutical Companies of Johnson & Johnson got the green light from the US Food and Drug Administration (FDA) for a biologic medication called CARVYKTI, which is developed to assist adults with a challenging form of multiple myeloma, known as RRMM (relapsed or refractory multiple myeloma), when they've already tried four or more different treatments, including specific types of drugs like immunomodulatory agents, proteasome inhibitors, and anti-CD38 monoclonal antibodies.
Some of the prominent players in the global Biologics Market are:
- Amgen Inc
- Sanofi
- AbbVie Inc.
- Johnson & Johnson
- Samsung Biologics
- Merck & Co.
- Pfizer Inc.
- Novartis AG
- Bayer AG
- AstraZeneca PLC
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Biologics Market
The COVID-19 pandemic & the following economic recession had significant effects on the global biologics market. The pandemic accelerated the research & development of biological treatments & vaccines, leading to growing demand & innovation in the industry. However economic challenges & disruptions in healthcare systems strained access to healthcare & financial resources, affecting the cost-effectiveness of biologics. The market experienced changes in supply chains & distribution, and some patients experienced delays in treatment. Despite these challenges, the biologics market remained volatile, adapting to the changing landscape, & its long-term growth prospects remain promising as the world continues to address the ongoing pandemic & its economic repercussions.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 538.2 Bn |
| Forecast Value (2032) |
USD 1,342.7 Bn |
| CAGR (2023-2032) |
10.7% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Source (Microbial, Mammalian, and Others) By
Product, Monoclonal Antibodies, Antisense & RNAi
Therapeutics, Vaccines, Recombinant Proteins, and
Others), By Disease (Oncology, Infectious Diseases,
Cardiovascular Disorders, Immunological Disorders,
Hematological Disorders, and Others), By
Manufacturing (In-house and Outsourced) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Amgen Inc., Sanofi, AbbVie Inc., Johnson & Johnson,
Samsung Biologics, Merck & Co., Pfizer Inc., Novartis
AG, Bayer AG, AstraZeneca PLC, and Other Key
Players |
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