Asia-Pacific Biologics Market is expected to reach USD 141,276.35 million by 2030

Asia-Pacific Biologics Market analysis report studies and analyses facts and figures about the market segmentation very carefully and represent it in the form of graphs for the better understanding of end user. It not only identifies the emerging trends along with major drivers, challenges and opportunities in the market but also analyses them efficiently. The market report has been specially designed by keeping in mind the customer requirements with which businesses can get assistance in increasing their return on investment (ROI). An international Asia-Pacific Biologics Market  report has a lot of features to offer about HEALTHCARE industry such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis.

Biologics are the drugs produced from living organisms or some components of living organisms. These drugs can be derived from different biological sources, including humans, avian cell culture, yeast, bacteria, and insect cell culture among others. These drugs involve therapeutic proteins, monoclonal antibodies, and vaccines. These drugs can be used to treat different types of chronic conditions, including cancers, inflammatory diseases, metabolic diseases, cardiovascular diseases, and infectious diseases.

Asia-Pacific biologics market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 11.5% in the forecast period of 2023 to 2030 and is expected to reach USD 141,276.35 million by 2030.

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Biologics are the drugs produced from living organisms or some components of living organisms that have several advantages compared to other drug types, including small molecules. These are very much target-specific which has enhanced the demand among healthcare professionals. Moreover, the side effects caused are mostly related to exaggerated pharmacological effects, leading to mild health effects. Biologic drugs have also been proven to hold high potential for several therapeutic areas and have revolutionized treatments of several serious illnesses. For instance, Rituximab (chimeric monoclonal antibody) has significantly improved non-Hodkings lymphoma.

The major factor that drives the market growth is the rise in the prevalence of chronic diseases such as diabetes and cancer in developing countries. Furthermore, rise in initiatives by governments and surge in research for new biologics drugs are some of the factors that boost the market growth. However, lack of awareness about healthcare in developing countries is a major factor that restrains the market growth. Conversely, growth opportunities exhibited by emerging economies are expected to offer lucrative opportunities for market expansion in the forecast period.

RESTRAINTS

• Complex manufacturing process of biologics

Biologics drugs are highly complex molecules produced by living cells through a multistep manufacturing process. The key characteristics of these molecules, known as Critical Quality Attributes (CQAs), can vary based on post-translational modifications that occur in the cellular environment or during the manufacturing process. The complexity of the manufacturing process leads to several defaults. Thus, the complex manufacturing process of biologics is acting as a major restraining factor for market growth.

• Adverse side-effects of biologics

Like standard pharmaceuticals, biological treatments can cause adverse drug reactions. They can cause allergic reactions similar to the ways these drugs can. But they can also cause problems due to the way biologics interact with the immune system. They can also sometimes cause specific issues with various organ systems in the body.

Some of the side effects associated with biologics are:

• Injection site reactions
• Infusion reactions

Usually, these reactions are mild. However, sometimes they may be more severe such as hypersensitivity reactions, and require medical intervention.

Thus, adverse side effects of biologics treatment act as a restraint for market growth.

Recent Developments

Many product launches and agreements are also initiated by companies worldwide which are accelerating the market growth.

• In November 2021, Biocon launched Interchangeable SEMGLEE (insulin glargine-yfgn) Injection and Insulin Glargine (insulin glargine-yfgn) Injection in collaboration with Viatris Inc. The new product launch helped patients control high blood sugar in adults and pediatric patients suffering from diabetes 1 and diabetes 2.
• In December 2019, Bharat Biotech launched ROTAVAC 5D-lowest dose volume rotavirus vaccine across the world. The product launch was developed in partnership with the Department of Biotechnology, Government of India.

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Some of the major players operating in this market are AbbVie Inc., AGC Biologics, BeiGene, Bharat Biotech, BioDiem, Biogen, Biocon, Bristol-Myers Squibb Company, Catalent, Inc., Celltrion Healthcare Co., Ltd., CHIME BIOLOGICS, Cipla Inc., F. Hoffmann-La Roche Ltd., FUJIFILM KYOWA KIRIN BIOLOGICS Co., Ltd., GlaxoSmithKline plc., Innovent, Intas Pharmaceutical Ltd., Ipsen Pharma, Johnson & Johnson Services, Inc., KM Biologics, MERCK & CO., INC., NBHL ltd., Panacea Biotec, Pfizer Inc., Qilu Pharmaceutical Co., Ltd., Serum Institute of India Pvt. Ltd., Shanghai Henlius Biotech, Inc., Teva Pharmaceutical Industries Ltd., WuXi Biologics, and YL Biologics among others.

Asia-Pacific Biologics Market Scope

Asia-Pacific biologics market is segmented into seven notable segments based on class, type, route of administration, application, source material, end user, and distribution channel.

By Class

• Tumor Necrosis Factor-Α (TNF) Inhibitors
• B-Cell Inhibitors
• Interleukin Inhibitors
• Selective Co-Stimulation Modulators (Abatacept)
• Others

Based on class, the market is segmented into tumor necrosis factor-α (TNF) inhibitors, b-cell inhibitors, interleukin inhibitors, selective co-stimulation modulators (abatacept), and others.

By Type

• Monoclonal Antibodies (mABs)
• Therapeutic Proteins
• Vaccines
• Cellular Based Biologics
• Gene Based Biologics
• Other

Based on type, the market is segmented into monoclonal antibodies (mABs), therapeutic proteins, vaccines, cellular based biologics, gene based biologics, and other.

By Route of Administration

• Injection
• Infusion

Based on route of administration, the market is segmented into injection, and infusion.

By Application

• Oncology
• Autoimmune Diseases
• Diabetes
• Infectious Diseases
• Cardiovascular Diseases
• Ophthalmic Diseases
• Dermatological Diseases
• Others

Based on application, the market is segmented into oncology, autoimmune diseases, diabetes, infectious diseases, cardiovascular diseases, ophthalmic conditions, dermatological diseases, and others.

By Source Material

• Humans
• Avian Cell Culture
• Yeast
• Bacteria
• Insects Cell Culture
• Transgenics
• Others

Based on source material, the market is segmented into humans, avian cell culture, yeast, bacteria, insect cell culture, transgenics, and others.

By End User

• Hospital
• Specialty Clinics
• Academics and Research Institutes
• Others

Based on end user, the market is segmented into hospitals, specialty clinics, academics and research institutes, and others.

Distribution Channel

• Direct Tender
• Retail Sales
• Third Party Distribution

Based on distribution channel, the market is segmented into direct tender, retail sales, and third party distribution.

Investing in this study will provide you with access to valuable information, which includes:

1. Thorough industry coverage on a global scale, with detailed breakdowns by region.
2. In-depth analysis of regional markets, encompassing North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
3. Country-specific market size breakdowns for key countries with significant market shares.
4. Comprehensive data on market share and revenue/sales from leading industry players.
5. Examination of market trends, such as emerging technologies, products, and startups, along with PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
6. Detailed market size data, including segmentations by application and industry verticals.
7. Projections and forecasts for the future growth and development of the market.

This Market Intelligence Report Analyses Some of the Most Crucial Concerns:

1. Anticipated developments in the major segments of the international market in the coming years.
2. Identification of key players poised to dominate the market in the future.
3. Assessment of the leading suppliers and producers in this industry.
4. Examination of growth and expansion strategies implemented by successful industry players.
5. Insight into sectors expected to experience the most significant demand growth in the near future.
6. Analysis of the various buyer segments within this market.
7. Prediction of the regional powerhouse likely to emerge as the dominant player in the international market.
8. Exploration of the potential impact of a new coronavirus pandemic.
9. Evaluation of challenges faced by established market players due to the entry of newcomers and strategies to overcome them.

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