Biologics Market Scope and Analysis Report by 2031
Biologics Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 469.2 Billion |
Market Size by 2031 | US$ 1,793.9 Billion |
Global CAGR (2023 - 2031) | 18.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Biologics Market News and Recent Developments
The biologics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- Samsung Biologics, a global contract development and manufacturing organization (CDMO), announced a partnership agreement with LegoChem Biosciences, a biotech company pioneering the research and development of antibody-drug conjugate (ADC) programs. Under the terms of the deal, Samsung Biologics will provide antibody development and drug substance manufacturing services as a part of LegoChem Biosciences' ADC program designed to treat solid tumors. (Samsung Biologics, Press Release, February 2024)
- Selvita S.A. announced a strategic initiative to significantly expand its services portfolio and enter the field of biologic drug discovery and development by adding comprehensive therapeutic antibody discovery and development capabilities to its portfolio. (Selvita, Press Release, March 2024)
Biologics Market Report Coverage and Deliverables
The "Biologics Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Biologics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Biologics market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Biologics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the biologics market
- Detailed company profiles