Growth Trends within the Biopharmaceutical Industry

06/02/2019

Growth Trends within the Biopharmaceutical Industry

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          The biopharmaceutical industry is expected to grow due to several factors, such as the positive responses to treatment with biologics, the increase in advanced treatments, and the rise in government initiatives for the research and development of biologics globally, thereby increasing the acceptance of the products in the market, as well as an increasing amount of patients with noncommunicable diseases, including cancers and diabetes, who are interested to use the biologics as existing medicine fail to cure said diseases effectively. 
          In 2017, Allied Market Research, a marketing research company, predicted the compound annual growth rate of the biopharmaceutical market in Asia-Pacific of 17%. This growth rate is due to the growing factors associated with research and development in the region, patients’ increasing awareness of biopharmaceuticals and their adaptability to new forms of treatments. In addition, this region presents more opportunities for investment or venture capital to investors than the currently saturated developed markets.  
 
 

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