(MoneyNewsWire.Net, November 07, 2017 ) According to the report Middle East and Africa Bio Pharmaceuticals Market, published by Market Data Forecast, the Middle East and Africa market is projected to reach USD 22.52 billion by 2021, at a CAGR of 9.16% from 2016 to 2021.
Primarily biopharmaceuticals products are obtained from life forms or genetically modified plants and animals known as transgenic organisms. This process of preparing drugs is still controversial and under trial phase. The most commonly used biopharmaceutical in the market are vaccines. Several chronic diseases like cardiovascular diseases, rheumatoid arthritis, psoriatic arthritis, chronic renal failure, cancer and psoriasis can be prevented and treated with the use of these drugs.
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Middle East and Africa Bio Pharmaceuticals Market: Drivers &
Growing awareness regarding biopharmaceutical drugs, increasing aging population and rising healthcare expenditure are the primary drivers of this market. On-going R&D in this field along with approval for newer drugs are also propelling the market growth.
High cost of the drugs is the primary restraint for the market while to make these drugs commercially viable, cost needs to be reduced.
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Middle East and Africa Bio Pharmaceuticals Market: Segmentation
Monoclonal Antibodies (mAb)
Recombinant Human (RH) Insulin
Granulocyte colony-stimulating factor (G-CSF)
Human growth hormones (HGH)
By Therapeutic Type
Other Therapeutic Areas
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Middle East and Africa Bio Pharmaceuticals Market: Overview
Oncology is the largest segment in the biopharmaceuticals market. The development of the biopharmaceutical market is expected to occur through new product launches and remarketing and refurbishing of existing compounds when their patent has expired. The demand for biotech products is largest in complex areas such as multiple sclerosis where conventional pharmaceutical products have been less successful. The innovation gap in the pharmaceutical industry has created demand for biotechnology-based product development with rising R&D costs, degenerate productivity, and generic competition hampering more traditional pharma business. The result is heavy investment in biotechnology-based products by pharmaceutical companies
Middle East and Africa Bio Pharmaceuticals Market: Region-wise Outlook
The market in the region is divided based on geography broadly into Middle East and Africa regions.
Key Questions Answered
What is the current and future Middle East and Africa Bio Pharmaceuticals market outlook in Middle East and Africa? What trends are affecting the Middle East and Africaan market?
What is the competitive landscape and market share of major players in the Middle East and Africa Bio Pharmaceuticals space in Middle East and Africa?
What are the key, high growth markets that Middle East and Africa Bio Pharmaceuticals manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Middle East and Africa Bio Pharmaceuticals currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Middle East and Africa Bio Pharmaceuticals?
What are the challenges and barriers that have hindered widespread adoption of Middle East and Africa Bio Pharmaceuticals?
Middle East and Africa Bio Pharmaceuticals Market: Key Players
The key players operating in the Bio Pharmaceuticals devices market are Merck & Co., Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company, Inc., Sanofi, Amgen Inc., AbbVie Inc., Biogen Idec, Bayer AG, Johnson & Johnson Services, Pfizer, Inc., and Novartis AG are some of the leading players in the market for biopharmaceuticals.
Reasons to buy Middle East and Africa Bio Pharmaceuticals Market Report:
regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Middle East and Africa Pharmaceuticals Segment:
Middle East and Africa Anticoccidial Drugs Market: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-anticoccidial-drugs-market-27/
Middle East and Africa Therapeutic Vaccines Market: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-therapeutic-vaccines-market-80/
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