Global Biopharmaceuticals Market is Projected to Grow by 8.7% through to 2025 and Reach $446 Billion - Market Report (2018-2025) by Industry Experts, Inc.
Industry Experts, Inc. published an updated 2019 version of the global market report on Biopharmaceuticals. As per the new report entitled " Biopharmaceuticals – A Global Market Overview ", Oncology constitutes the largest, as also the fastest, growing application for Biopharmaceuticals globally, which is expected to register a CAGR of 10.6% over 2018-2025. The biopharmaceuticals market is driven by various factors, such as increase in elderly population, surge in prevalence of chronic diseases like cancer, HIV/AIDS and diabetes, and increase in adoption of biopharmaceuticals globally. Biopharmaceuticals offer several benefits including highly effective and potent action, fewer side effects, and the potential to actually cure diseases rather than merely treat the symptoms, which have significantly increased the demand for biopharmaceutical products. The market growth is attributed to the growing acceptance for biopharmaceuticals due to their ability to treat previously unt...