London, 27 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Biologic Therapeutics Market 2014-2018.
Biologic products are generally characterized by high molecular weight and complex structures. The Global Biologic Therapeutics Market is growing at a rapid rate and is expected to post a CAGR of 8.22 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the aging global population, which is expected to increase the population of patients suffering from a variety of diseases.
The report also highlights the emergence of targeted and combination therapies used for the treatment of diseases like cancer and viral infections. These therapies are generally more effective and safe as compared to traditional drugs. Thus, these drugs are expected to increase patient compliance and fuel the market.
“Targeted therapies cause fewer side effects than conventional non-targeted therapies. Combination therapies work by targeting multiple mechanisms simultaneously, and this system of targeting multiple pathways in diseases like cancer also helps reduce the risk of developing treatment-resistant disorders,” says Faisal Ghaus, Vice President of TechNavio.
“The increasing use of combination and targeted therapies is anticipated to drive the market through the projected period, thanks to the enhanced safety and efficacy profile of biologic therapeutics.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Aging Population
- For a full detailed list, view our report.
Market Challenges:
- Requirement for Cold Storage Facilities
- For a full detailed list, view our report.
Market Trends:
- Emergence of Targeted and Combination Therapies
- For a full detailed list, view our report.
Key Vendors:
- Amgen Inc.
- Novo Nordisk A/S
- Sanofi SA
Other Prominent Vendors:
- Abbvie
- Bavarian Nordic
- Biodel
- Bio Med
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