Prevalence of coronavirus has led to the focus of various leading biopharmaceuticals towards developing COVID 19 cure impacting subcutaneous biologics market. There was a reduction in manufacturing activities due to lockdown implemented in several countries harming subcutaneous biologics market.
Biologics are all the pharmaceutical products developed using a biological process. Biologic products include drug manufactured from the various living organism with the help of biotechnology. Subcutaneous biologics consists of sugar, nucleic acid, protein or their combination of these substances.
Subcutaneous biologics include vaccines, blood and its components, recombinant proteins and others. Subcutaneous biologics are the most advanced therapeutics used for the treatment of several diseases like cancer, diabetes, multiple sclerosis, psoriasis and many more.
Subcutaneous biologics are injected/infused so as the proteins are not digested or inactivated early. Whereas administration of subcutaneous biologics does not require highly skilled personal as compared to intravenous biologics According to the International Diabetes Federation, 463 million suffer from diabetes in 2019 worldwide and is estimated to reach 578 million by 2030.
Import and export activities of raw materials are impacted due to regulations laid across borders of some countries challenging subcutaneous biologics market growth during the pandemic. Research and development activities of various other biologics have been delayed restraining subcutaneous biologics market growth.
Rising prevalence of chronic disorder increases the demand for subcutaneous biologics market. An increasing rate of treatment adoption rate is expected to boost subcutaneous biologics market growth. The gradually increasing level of awareness among the general population about several prevailing disorders propels subcutaneous biologics market growth.
The strict regulatory requirement for approval of subcutaneous biologics challenges subcutaneous biologics market growth.
Cancer and Diabetes are expected to contribute significantly in subcutaneous biologics market in the coming decade with increasing prevalence. The increasing rate of diagnosis will also lead to the hormonal disorder have a significant contribution to subcutaneous biologics market.
Automatic injectors is estimated to observe a rise in demand during the forecast period in subcutaneous biologics market. Whereas, based on distribution channel hospital pharmacies segment hold the majority of the revenue share of subcutaneous biologics market.
North America tends to be the leading region in subcutaneous biologics market with the highest rate of development and commercialization of pharmaceutical products. Europe will have significant contribution in subcutaneous biologics market with rising geriatric population and patients suffering from chronic disorders.
Asia-Pacific region is estimated to have an exponential rise in growth rate with a large number of entrants and domestic players in the region. The Middle East and Africa will have the least growth rate due to poor economic condition and unavailability of advanced diagnostic technology.
Major Key Players:
- Abbott Laboratories
- Pfizer Inc.
- Genentech Inc.
- Novartis AG
- Biogen Idec
- AbbVie Inc.
- F. Hoffmann-La Roche AG
- Bristol-Myers Squibb
- Eisai Inc.
- Takeda Pharmaceuticals Ltd.
- Alnylam Pharmaceuticals
- Bayer AG
- Sanofi S.A.
- Boston Pharmaceuticals and others.
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The report on Subcutaneous Biologics Market covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2015 – 2019
- Market Size & Forecast 2020 to 2030
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Market Drivers and Restraints
Regional analysis for Subcutaneous Biologics Market includes
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Report on Subcutaneous Biologics Market highlights:
- Shifting industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size
- Recent industry trends
- Key competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
The global subcutaneous biologics market is classified based indication, delivery system, distribution channel and region.
Based on the indication :
- Crohn’s disease
- Cardiovascular disorders
- Multiple sclerosis
- Rheumatoid Arthritis
- Metabolic disorders
- Growth hormone deficiency
Based on the delivery system :
- Wearable injector
- Automatic injector
- Pen injectors
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Based on the distribution channel :
- Hospital pharmacies
- Retail pharmacies
- Drug stores
- Online pharmacies
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