Pramod Kumar

4 months ago ·

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Biopharmaceuticals: Saving Lives and Transforming Healthcare in Disease-Infested World

GLOBAL BIOPHARMACEUTICALS MARKET

7 TRENDS
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: DRIVERS
>> High cost of opharmaceutica’s
> Entry of low-cost biosmiars in the market
> Side effects associated with bopharmaceutical drugs

The rising prevalence of neurological disorders is rapidly becoming a major health problem across the world. According to the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2016, neurological diseases were the main cause of disability-adjusted life years (DALYs) in people and the second-major cause of deaths in 2016. The study also found that the total number of DALYs and deaths caused due to neurological disorders grew by as much as 15% from 1990 to 2016.

This growing incidence of neurological disorders is massively pushing up the requirement for biopharmaceutical products. This is because these products have been found to be very useful for the management and treatment of several neurodegenerative disorders. Moreover, unlike the conventional medications, these drugs can be directly administered into the brain of a patient. Apart from neurological disorders, the rising prevalence of cancer and infectious diseases is also boosting the demand for biopharmaceuticals across the globe. 

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Biopharmaceuticals Market Size | Industry Forecast Research Report

The U.S biopharmaceuticals market accounts for the maximum share in the North American market, mainly on account of the increasing prevalence of chronic diseases and rising per capita income of the country’s population.

https://www.psmarketresearch.com/market-analysis/biopharmaceuticals-market/report-sample

With the growing popularity of these drugs, medical researchers and scientists are conducting extensive research and development (R&D) activities in these products which will help them develop more technologically advanced biopharmaceuticals in the coming years. Furthermore, these rapid technological innovations and advancements are significantly increasing the survival rate of cancer and hepatitis patients all over the world. Many companies are making huge investments in the development and production of biopharmaceuticals. 

The main purpose behind these massive investments is to formulate medications and treatment procedures for many fatal diseases, especially the ones whose prevalence is rising at an alarming rate throughout the world. In addition to this, these investments are also being made for facilitating the mass production and commercialization of effective medications that have the ability to treat various life-threatening diseases and improve the survival rate of the patients suffering from them.

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