According to a new report published by Reports Monitor titled, “Global Biotechnology Medicine Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global Biotechnology Medicine Market is growing rapidly from 2018 to 2025.
Biotechnology is widely used in agriculture, medicines, food production since ages. Some areas of biotechnology are Genetic Engineering, Protein Engineering, Bioinformatics, Plant Biotechnology, Animal Biotechnology etc. The growing list of biotechnology products includes medicines, medical devices as well as more-resilient crops, biofuels, biomaterials and many more. Modern biotechnology provides breakthrough products and technologies to combat rare diseases, reduce our environmental footprint which works in the favor of nature. Biopharmaceutical, Gene therapy, Pharmacogenomics, Genetic testing are some applications of biotech on medicines that have given eminent desired results. Nearly 5% of all approved drugs is currently produced using genetic engineering. According to the Association of Research-Based Pharmaceutical Companies, around one third of all drugs in the development pipeline are produced using genetic engineering. Biotech medicines are an important treatment option for patients having blood diseases, rheumatoid arthritis, cancer, cardiovascular disease.
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Scientists are continuously striving in the research area to invent new drugs and vaccines to cures the diseases which were not easy to be treated in the past decades. It is befitting to say that Biotechnology is a field of miracle.
Growing Pharmaceutical Industry. Dependency of Pharmaceutical firms on R&D as well biotech is inarguable. Human and well established Academic Resources especially in the regions of North America. Another driver could be low or reduction in oil prices. Biotech drugs contain active pharmaceutical ingredients and these ingredients are based on petrochemical. Government regulations and inadequate funding can hamper the use of biotech, as biotech is quite expensive.
Wide range of disease based patients population gives an opportunity for clinical research. Partnership with Pharmaceutical firms can enhance the market growth.
The biotech in medicine is segmented on the basis of its application which includes Biopharmaceutical, Gene therapy, Pharmacogenomics, Genetic testing.
Furthermore, it is segmented on the basis of Product type as Gene recombinant drugs, Human Vaccines, Blood products.
Geographically the Biotechnology market is segregated in North America and countries of Europe like Germany. Germany is the leading player of Red Biotechnology with maximum number of companies that are engaged in development of drugs based on genetic engineering.
Some Asia Pacific countries like India, China are also associated with this industry. LAMEA has the considerable share in the market.
Some of the major market players are Amgen Inc., Beijing Tiantan Biological Products Co., Biogen Idec, Cephalon, Gilead Sciences, Medimmune LLC, Shenyang Sunshine Pharmaceutical Co. Ltd., Chiron Corporation, CSL Limited.
In-depth table of contents for this report @ https://goo.gl/kypWPc
The study for Global Biotechnology In Medicine Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Biotechnology In Medicine- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Biotechnology In Medicine, Product Landscape
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