(PharmaNewsWire.Com, October 18, 2017 ) The Middle-East and Africa Bio Pharmaceuticals market was worth $14.53 billion in 2016 and estimated to be growing at a CAGR of 9.16%, to reach $22.52 billion by 2021.
The pharmaceutical Research & Development industry is greatly dependent upon biopharmaceutical drugs market for profit. Development of these products is being undertaken by a growing number of players in the pharmaceutical industry, which include the big pharma companies and also generic drug manufacturers, who are also engaged in developing biosimilars.
Biopharmaceuticals are in huge demand due to the growing incidence of chronic diseases, which is one of the key drivers, increasing the growth of the global biopharmaceuticals market. Chronic diseases are growing due to unhealthy lifestyle, poor diet, excess alcohol consumption, and lack of physical activity. The restraints related with the global biopharmaceuticals market include high cost of biopharmaceuticals and side effects, such as breathing problems, sore throat, allergic reactions, itching, and rashes due to the consumption of biopharmaceuticals.
The Middle-East and Africa bio pharmaceuticals market is segmented on the basis of products into Monoclonal Antibodies (mAb), Erythropoietin, Biotech Vaccines, Recombinant Human (RH) Insulin, Granulocyte colony-stimulating factor (G-CSF), Interferon and Human growth hormones (HGH). Monoclonal antibodies segment holds the highest number of shares in the product sector. Based on therapeutics, the market is bifurcated into Neurology, Infectious diseases, Diabetes, Oncology, Cardiovascular and other therapeutic areas. In terms of therapeutic application, oncology is the largest segment in the biopharmaceuticals market.
Based on geography the market is analysed under various regions namely, Middle-East and Africa. Africa market is estimated to grow at highest rate in the region.
Merck & Co., Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company, Inc., Sanofi, Amgen Inc., AbbVie Inc., Biogen Idec, Bayer AG, Johnson & Johnson Services, Pfizer, Inc., and Novartis AG are some of the leading players in the market for biopharmaceuticals.
Market Segmentation
1) By Product Type Monoclonal Antibodies (mAb) Erythropoietin Biotech Vaccines Recombinant Human (RH) Insulin Granulocyte colony-stimulating factor (G-CSF) Interferon Human growth hormones (HGH)
2) By Therapeutic Type Neurology Infectious diseases Diabetes Oncology Cardiovascular Other Therapeutic Areas
Reasons to buy Middle-East and Africa Bio Pharmaceuticals Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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