(EMAILWIRE.COM, May 03, 2018 ) The Asia-Pacific Bio Pharmaceuticals market was worth $30.67 billion in 2016 and estimated to be growing at a CAGR of 10.05%, to reach $49.5 billion by 2021. Asia Pacific is the third largest pharmaceutical market in the world after North America and Europe. Major driver for the pharmaceutical industry in this region is generics, aided by factors such as the aging population and impending expiry of patented drugs.

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Biopharmaceuticals are medical drugs which can either be produces by biotechnological techniques like recombinant DNA technology or from transgenic plants and animals that are genetically modified. Various diseases such as cancer, diabetes, rheumatoid arthritis, cardiovascular diseases and chronic renal failure are being treated by biopharmaceutical drugs which were non curable with earlier molecular drugs.

Major factors such as technological advancements in biopharmaceuticals, increasing geriatric population, increasing research and development investment and rising incidences of chronic diseases are propelling the market growth. In addition, the ability of biopharmaceuticals to approach a specific target with high efficiency helps in the treatment of various chronic diseases and disorders. However, risk of side-effects and high cost of biopharmaceuticals are restraining the growth of the market.

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The Asia-Pacific 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.

Based on geography the market is analysed under various regions namely, China, India, Japan, South Korea and Australia. China leads the market in this region due to highest number of population.

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.

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• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
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• Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
• Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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