Most Awaited Q3 Sale is back. Upto 30% discount on every report.

Biopharmaceuticals Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 25
SKU : PH253
180 pages
Report Summary
Table of Contents
List of Tables/Figures

Biopharmaceuticals Market is segmented By Type (Monoclonal Antibody, Recombinant Growth Factors, Purified Proteins, Recombinant Proteins, Recombinant Hormones, Synthetic Immunomodulators, Vaccines, Recombinant Enzymes), By Application (Oncology, Autoimmune Disorders, Metabolic Disorders, Hormonal Disorders, Disease Prevention, Cardiovascular Diseases, Neurological Diseases), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2023-2030.


Biopharmaceuticals Market Overview

Biopharmaceuticals Market size is estimated to reach at a compound annual growth rate (CAGR) of 7.80% over the forecast period 2023 to 2030.

Biopharmaceuticals are large and complex molecular drugs that are mainly obtained from proteins and nucleic acids of living organisms such as microorganisms and animal cells also known as transgenic organisms. These drugs are obtained using biotechnology and have high-therapeutic value. Biopharmaceuticals are also known as biologics and biotech drugs and are usually administered by intravenous, subcutaneous, or intramuscular injections and are more efficient than conventional small molecule drugs.

Biopharmaceuticals Market Scope



Market CAGR


Segments Covered

By Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America


To Know More Insights - Download Sample


Biopharmaceuticals Market Dynamics

The growth of the global biopharmaceuticals market is driven by the increase in the elderly population, surge in prevalence of chronic diseases such as cancer and diabetes, increase in obesity and sedentary lifestyle among the population and growing acceptance for biopharmaceuticals due to their ability to treat previously untreatable diseases.

Increasing acceptance and huge market demand for biopharmaceuticals will drive the market growth  

The efficacy and safety of biopharmaceutical products, combined with their ability to address previously untreatable conditions, allows pharma companies to command high prices for innovative drugs. Strong demand has driven significant profits, despite the high cost of goods sold. Investing in biotech R&D has yielded better returns than the pharma-industry average. The current biologics-development pipeline supports an outlook of continued healthy growth. There are currently more than 1,500 biomolecules undergoing clinical trials, and the success rate for biologics has so far been over twice that of small-molecule products, with 13 percent of biopharma products that enter the Phase I trial stage going on to launch. The success of the clinical pipeline will lead to an unprecedented number of new molecule launches, rising from a handful a few years ago to 10 to 15 annually, as biopharma products make up an increasing share of new approvals from the US Food and Drug Administration in the future. A further steep increase is to be expected as multiple players begin to receive approval for the production of biosimilars after 2015.

Biopharmaceuticals looks poised to transform the industry once more, as increasing understanding of the interaction between drugs and the genetic makeup of patients helps to improve the targeting of therapies. Combined with robust, low-cost genetic profiling, this knowledge will improve treatment outcomes and serve to accelerate and improve the outcomes of clinical trials, helping to reduce the cost of drug development.

High costs associated with and a strict regulatory framework are likely to hamper the market growth

However, high costs associated with drug development and their threat of failure, challenging development process, and strict regulatory framework are going to restrain the market in the forecast period.

Generally, the development of a biopharmaceutical product takes around 5 to 9 years and costs over $ 100 million. The regulatory framework plays a major role in deriving incentives for investment and establishing sufficient quality and safety for biomedical products. The WHO has set strict approval standards for biopharmaceuticals. These factors will hamper the market growth in the forecast period.

COVID-19 Impact Analysis

The ongoing COVID-19 pandemic globally is expected to have a significant impact on the biopharmaceutical market. Most of the biopharmaceutical companies are striving extensively for the development of vaccines against the SARS-CoV2 virus. Some of the candidates are traditional-type vaccines such as inactivated and attenuated products; however, most of the vaccine candidates being developed are advanced DNA, RNA, and protein subunit vaccines. This factor is expected to boost the growth of the biopharmaceuticals market over the pandemic. However, the clinical and regulatory procedures for drug candidates of other indications may witness a slow pace due to the shifting priorities of the healthcare system to reduce the infections to clinical trial patients.

Biopharmaceuticals Market Segment Analysis

The monoclonal antibody segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)  

Monoclonal antibodies is the emerging technology that is identical to immune cells and represents a copy of the unique parent cell. The successful use of monoclonal antibodies and antibody derivatives in therapeutics is the major driver for the rapid growth of the studied segment. The therapeutic applications of monoclonal antibodies include in the areas of cancer, rheumatoid arthritis, multiple sclerosis, and cardiovascular diseases, among others. The growing FDA approvals and new product launches for various indications are expected to drive the segment. For instance, in October 2019, Novartis received the FDA approval for its Beovu (brolucizumab) injection, also known as RTH258, for the treatment of wet age-related macular degeneration (AMD). In March 2019, the US FDA approved Pfizer’s oncology biosimilar, TRAZIMERA, which is a monoclonal antibody biosimilar to the originator biologic medicine, Herceptin. Thus, owing to the aforementioned factors, the monoclonal antibodies segment is anticipated to witness significant growth over the forecast period.

Biopharmaceuticals Market Geographical Share

The North American region holds the largest market share of the global biopharmaceuticals market

North America accounts for the largest share in the global biopharmaceuticals market in 2020 and is expected to remain dominant over the forecast period. The growing burden of chronic disease and increasing investments in research and development activities in the United States are the major factors driving the biopharmaceuticals market in North America. The United States has been recognized as the innovation capital of the world for life sciences, and it is involved in global capital investments in the early stages of biopharmaceutical companies.

According to Globocan 2020, the estimated incidence of cancer cases in the United States accounted for 2,281,658, with 612,390 deaths, in 2020. The high incidence of cancer surges the demand for effective therapeutics, and thus, drives the studied market. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), in 2018, more than 4.7 million people worked in the US biopharmaceutical industry across a broad spectrum of occupations, including scientific research, technical support, and manufacturing. Additionally, in March 2020, Thermo Fisher Scientific Inc. invested nearly USD 475 million as a biopharma investment in the expansion of biologics, cell and gene therapy, and drug product development and to increase its commercial capabilities globally. Similarly, in January 2020, Eli Lilly and Company entered an agreement to acquire Dermira, a biopharmaceutical company. This acquisition aids in the expansion of the company's biopharmaceutical portfolio with the addition of Dermira's lebrikizumab, an IL-13 antibody that is intended for use in the treatment of moderate-to-severe atopic dermatitis. Thus, given factors, are expected to drive the market in North America.

Biopharmaceuticals Market Companies and Competitive Landscape

The biopharmaceuticals market is moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Abbvie Inc., Amgen Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Johnson & Johnson, Novartis AG, Novo Nordisk AS, Pfizer Inc., GlaxoSmithKline PLC, and F. Hoffmann-La Roche AG among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Biopharmaceuticals Market globally. For instance, in July 2021, Takeda Pharmaceutical and Frazier Healthcare Partners have partnered to launch a biopharmaceutical company named HilleVax to develop and market Takeda’s norovirus vaccine candidate, HIL-214.  

Amgen Inc.


Amgen Inc. is an independent biotechnology medicines company that discovers, develops, manufactures, and markets medicines for grievous illnesses.

Product Portfolio:

BEHIND MVASI: MVASI® is approved to treat metastatic colorectal cancer (mCRC) for First- or second-line treatment in combination with intravenous fluorouracil-based chemotherapy.

Buy this report
Single User
Multiple User
Enterprise User
Proceed to Buy
Request new version
What is the Projected CAGR value of the Biopharmaceuticals Market?
Biopharmaceuticals Market is expected to grow at a CAGR of 7.80% during the forecasting period 2023-2030.
Who are the Major key players in Biopharmaceuticals Market?
Key players are Abbvie Inc., Amgen Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Johnson & Johnson, Novartis AG, Novo Nordisk AS, Pfizer Inc., GlaxoSmithKline PLC, and F. Hoffmann-La Roche AG among others.
Which is the fastest growing region in the Biopharmaceuticals Market?
Asia Pacific is the fastest growing market share during the forecast period.
Which is the Largest Market Share in the Biopharmaceuticals Market?
North America is the Largest Market Share in Biopharmaceuticals Market.
Related Reports

DNA Vaccines Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 May 11
Starting from



Antibacterial Drugs Market Size, Share, Industry, Forecast and Outlook (2023-2030)

Published: 2023 September 25
Starting from



Ion Channel Modulators Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2022 July 06
Starting from



3D Printed Drugs Market Size, Share, Industry, Forecast and Outlook (2023-2030)

Published: 2023 August 17
Starting from



Nanocapsules Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 May 15
Starting from



Peptide Therapeutics Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 April 14
Starting from