PUBLISHER: TechNavio | PRODUCT CODE: 1398174
PUBLISHER: TechNavio | PRODUCT CODE: 1398174
The bio-pharma market is forecasted to grow by USD 204.09 bn during 2023-2028, accelerating at a CAGR of 7.98% during the forecast period. The report on the bio-pharma market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of health disorders, the growing geriatric population, and the targeted therapeutic mechanism of biologics.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.35% |
CAGR | 7.98% |
Incremental Value | $204.09bn |
Technavio's bio-pharma market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the rise in the production of vaccines as one of the prime reasons driving the bio-pharma market growth during the next few years. Also, growing investments in the life sciences sector and a growing number of acquisitions by market vendors will lead to sizable demand in the market.
The report on the bio-pharma market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bio-pharma market vendors that include AbbVie Inc., Amgen Inc., Angelini S.p.a., AspenBio, Astellas Pharma Inc., AstraZeneca Plc, Bayer AG, Biogen Inc., Bristol Myers Squibb Co., Eli Lilly and Co., F. Hoffmann La Roche Ltd., Ipsen Pharma, Johnson and Johnson, Merck KGaA, Novartis AG, Novo Nordisk AS, Pfizer Inc., Sanofi SA, Takeda Pharmaceutical Co. Ltd., and Vertex Pharmaceuticals Inc.. Also, the bio-pharma market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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