The Next-Generation Biologics Market Will Reach $21.31bn in 2020

Friday 1 July 2016, Amsterdam

A report, now available on ASDReports, published in May 2016 forecasts that overall world revenues of next-generation biological drugs will reach $21.31 billion in 2020. Sales growth will continue through to 2026, especially with the entrance of more companies and advances in biopharmaceutical technology. That revenue prediction and others appear in Next-Generation Biologics Market 2016-2026: Revenue Forecasts and R&D Trends for Therapeutic Antibody Technologies, Insulins, Growth Hormones, Recombinant Coagulation Factors and Regenerative Medicine.

The updated study analyses events, prospects and sales opportunities shaping the development, production and marketing of next-generation biologics. That investigation shows multilevel revenue forecasting to 2026 and qualitative assessments. The work explores activities of companies providing next-generation biologics, assessing their commercial potentials. The next-generation biologics market holds many opportunities from 2016, including rising sales in developed and developing countries.

VThis updated study predicts that the global next-generation biologics market will continue to expand its revenues from 2016 to 2026. That sales growth is mainly driven by the rising incidence and prevalence of chronic diseases, which will drive demand for new and improved biologics in developed and emerging national markets.

Aanchal Verma, a pharmaceutical industry analyst, said: “Next-generation biologic therapies are newer treatments providing novel alternatives to the first-generation biological drugs. With more and more first-generation biologics facing patent expiry, pharmaceutical companies are focusing their resources to innovate and improve technology for production of next-generation biologics. The launch of those medicines will help balance revenue losses from biosimilar drugs.

“The biologics market has been extremely profitable, with combined revenues from the top ten best-selling biologic drugs amounting to $74bn in 2015. The next-generation biologics market is set to experience strong revenue growth during our forecasted period, with their demand driven by the rising incidence and prevalence of chronic diseases globally. That market possesses an extensive R&D pipeline, with many candidates progressing to late-stage clinical trials, which will further propel the market in the coming 10 years.”