Biologics Market SWOT Analysis, Future Growth, Major Key Players, Opportunity and Forecast 2030

[email protected]16 Feb, 2023Business

The global biologics market is predicted to touch USD 425 million at an 7.6% CAGR between 2022- 2030, according to the new report by Market Research Future (MRFR). Biologics simply put, are drugs that are available in the form of genetically engineered proteins that are derived from the human gene. It is composed of nucleic acids, proteins, sugars, or its complex combinations, or living entities like tissues and cells. Biologic drugs are made from different natural sources like microorganisms, animals, or humans and comprise products like tissues, gene therapy, somatic cells, allergenics, blood & blood components, vaccines, and recombinant therapeutic proteins. Complex processes and advanced biotechnology techniques are used for manufacturing biologics. These are at the forefront of biomedical research.

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