(Health-NewsWire.Net, September 12, 2017 ) The Latin America BioPharmaceuticals market was worth $22.6 billion in 2016 and estimated to be growing at a CAGR of 9.67%, to reach $35.85 billion by 2021.
Biopharmaceuticals industry has come a long way since approval of its first drug. Now, several drugs have already been approved and many more are in last stages of their clinical trial. These drugs have not only innovated the prevention and treatment of a number of life threatening diseases but have also delivered the thrust for the constant success of the pharmaceutical industry. Several companies are inclining their research to biopharmaceuticals as one drug approved for market selling can represent goldmines for the investors.
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A rich late stage pipeline and growing demand in developing markets are projected to be major drivers in the forecast period. The biopharmaceuticals market is observing substantial growth due to growing incidence of chronic diseases, rising aging population, technological advancements in biopharmaceuticals, and increasing R&D investments. Despite of growth of the market, some challenges are faced such as supply chain complexity, lack of developed cold-chain maintenance and stringent approval and production laws.
The Latin America bio pharmaceuticals market is segmented on the basis of products into Monoclonal Antibodies (mAb), Erythropoietin, Biotech Vaccines, Recombinant Human (RH) Insulin, Granulocyte colony-stimulating factor (G-CSF), Interferon and Human growth hormones (HGH). Monoclonal antibodies segment holds the highest number of shares in the product sector. Based on therapeutics, the market is bifurcated into Neurology, Infectious diseases, Diabetes, Oncology, Cardiovascular and other therapeutic areas. In terms of therapeutic application, oncology is the largest segment in the biopharmaceuticals market.
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Based on geography the market is analyzed under various regions namely, Mexico, Brazil and Argentina. Mexico dominates the Latin America market and is expected to lead in the forecast period.
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.
Market Segmentation 1) By Product Type Monoclonal Antibodies (mAb) Erythropoietin Biotech Vaccines Recombinant Human (RH) Insulin Granulocyte colony-stimulating factor (G-CSF) Interferon Human growth hormones (HGH) 2) By Therapeutic Type Neurology Infectious diseases Diabetes Oncology Cardiovascular Other Therapeutic Areas
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Reasons to buy Latin America Bio Pharmaceuticals Market Research Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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 An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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