Share on

Global Biopharmaceuticals Market Size, Share, Trends, Growth, COVID-19 Impact Analysis Report - Segmented By Product Type, Therapeutic Type and Region – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 581
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Biopharmaceuticals Market Size (2022 to 2027)

As per our research report, the global biopharmaceuticals market is estimated to grow at a CAGR of 9.2% during the forecast period. The market size was worth USD 210.17 billion in 2022 and is forecasted to be worth USD 326.3 billion by 2027.

Global Biopharmaceuticals Market Share Insights:

  • Based on the product type, the monoclonal antibodies segment had the major share of the global market in 2021.
  • Based on therapeutic type, the oncology segment accounted for the largest share of the worldwide market in 2021.
  • North America was the largest regional segment worldwide market in 2021.
  • The European region is expected to be valued at USD 73.78 billion by 2027.
  • The Asia-Pacific region is estimated to grow at a CAGR of 10.05% from 2022 to 2027.
  • Amgen Inc., AbbVie Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, and Novo Nordisk are notable players in the global biopharmaceuticals market.

Disease treatment techniques have been revolutionized using biopharmaceuticals or biologics because of their efficiency against autoimmune diseases & cancer and better mode of action. Therefore, the healthcare industry is expected to shift from traditional small-molecule drugs to Biopharmaceuticals.

Impact of COVID-19 on the global biopharmaceuticals market:

COVID-19 has shown a mixed impact on the biopharmaceuticals market. The disruptive effects of COVID-19 have placed enormous strain on the global supply of pharmaceutical products, biologics, and biological preparations. Manufacturing devices and preparative materials, such as API, faced a supply shortage due to the crisis of COVID-19. Most materials and devices are expected to be delivered on time but are affected due to the COVID-19 pandemic. As most manufacturers are from China, this affected the market growth in all other countries and slowed production. The pandemic crisis, still going on, impacted research and developmental activities. Many organizations have held the funds. Researchers, scientists, doctors, and other staff are the most affected set of people by COVID-19. However, the growth rate of the biopharmaceuticals market is expected to be accelerated as most market participants will be entirely involved in developing the vaccine for COVID-19 shortly.


Y-O-Y growth in the number of patients suffering from chronic diseases and the increasing geriatric population prone to neurodegenerative and autoimmune disorders are driving the biopharmaceuticals market growth.

The number of diagnosing with various chronic diseases is growing with each year passing. Every year, many people worldwide experience disability or death. Cardiovascular diseases, cancer, diabetes, and arthritis are considered the major chronic diseases by the Centers for Disease Prevention and Control (CDC). According to the same source, an estimated 859,000 Americans die yearly due to CVDs. More than 37.3 million people in the United States have diabetes, and the number is growing consistently with each year passing. Cancer has been causing the second-highest number of deaths in the United States annually. An estimated 1.7 million people yearly are diagnosed with cancer in the United States. As mentioned above, the growing incidence of chronic diseases among people promotes the need for biopharmaceuticals and results in global market growth. There is a massive demand for biopharmaceuticals due to the increasing incidence of chronic diseases whose treatment is possible using these drugs.

In addition, the other major drivers contributing to the growth of the global biopharmaceuticals market are the increased geriatric population globally and the rise in the prevalence of chronic conditions. Furthermore, an increase in the occurrence of vulnerable diseases such as cancer and diabetes, growth in obesity and sedentary lifestyle among the population, and growing acceptance of biopharmaceuticals due to their ability to treat previously untreatable diseases are further significantly driving the market growth. According to WHO, cancer is the leading cause of death globally, and diabetic patients are also increasing daily due to lifestyle changes. In addition, a sedentary lifestyle leads to several chronic diseases, thus boosting market growth. Biopharmaceuticals hold the potential to cure the disease entirely and not just the symptoms, hence increasing its acceptance.


Side effects associated with the over-consumption of drugs and the high manufacturing cost hamper the biopharmaceuticals market growth. High costs associated with the drug development process are significant restraints to the biopharmaceutical market. In addition, the threat of failure of drugs and challenging developments affects market growth. With a price of 100 million USD, it generally takes 5 to 9 years to develop a biopharmaceutical product. This regulatory framework for establishment takes over a lot of work and patience. Furthermore, World Health Organization (WHO) also has set strict approval standards for biopharmaceuticals, which is further estimated to restrict the growth scope of the market to some extent.




Market Size Available

2021 to 2027

Base Year


Forecast Period

2022 to 2027

Segments Covered

By Product Type, Therapeutic Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter's Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, the Middle East, and Africa

This research report on the global biopharmaceuticals market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment.

Biopharmaceuticals Market – By Product Type:

  • Monoclonal Antibodies (mAb)       
  • Erythropoietin       
  • Biotech Vaccines  
  • Recombinant Human (RH) Insulin 
  • Granulocyte colony-stimulating factor (G-CSF)       
  • Interferon               
  • Human Growth Hormones (HGH)  

Based on the product type, the monoclonal antibodies segment had the largest worldwide market share in 2021 and is estimated to hold a major share of the global market during the forecast period. Monoclonal antibodies are the technology that is the most emerging. Monoclonal antibodies are identical to immune cells and represent a copy of the unique parent cell. Monoclonal antibodies alone contribute 40% of the global biopharmaceutical market.

The recombinant human (RH) insulin segment is estimated to hold a considerable share of the worldwide market during the forecast period owing to the regulates the metabolism of carbohydrates, fats, and protein by promoting the absorption of glucose from the blood into the liver, fat, and skeletal muscle cells. In addition, it was the first biopharmaceutical approved for human therapeutic uses.

Biopharmaceuticals Market - By Therapeutic Type:

  • Neurology
  • Infectious diseases
  • Diabetes
  • Oncology
  • Cardiovascular
  • Other Therapeutic Areas

In terms of therapeutic application, the oncology segment was the largest in the biopharmaceutical market in 2021. Biopharmaceuticals are mainly working on cancer-related trials compared to others. Many people who have cancer need personalized treatment and diagnostic procedures. Utilizing personalized anticancer biopharmaceuticals effectively controls and prevents cancer with fewer side effects and increases the life span of cancer patients. Biopharmaceuticals also work on macro molecules-based therapeutic drugs. Protein-based biopharmaceuticals are also used to increase the lives of millions of cancer patients.

On the other hand, segments such as diabetes and CVDs are anticipated to showcase a healthy CAGR in the coming years. Biopharmaceuticals are also responsible for the treatment and drug innovation of diabetes and cardiovascular diseases. In 2021, diabetes will be the ninth leading cause of death in the world estimated that 1.7 million people have died of diabetes. Type 2 diabetes is the most common disease in many people. These biopharmaceutical companies are researching drugs, vaccines, and insulins for the fast reduction of diabetes levels in patients without any side effects.

Biopharmaceuticals Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Geographically, the biopharmaceuticals market in North America was the largest regional segment in the worldwide market in 2021. Technological advancements in the region are propelling the dominance of the region. In North America, the United States biopharmaceuticals market holds the largest market share at 46%, followed by Canada. Because of an increase in R&D investment, a rise in the adoption and availability of biopharmaceuticals for disease treatment, and a surge in disease diagnosis awareness. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world's pharmaceutical research and development(R&D) and hold the intellectual property rights on most new medicines. In addition, the U.S. government has decided to spend more money on developing advanced medicine for different diseases. Introducing advanced therapeutics, an increasing proportion of active INDs and new drug approvals, fast-growing biotech, meaningful corporate partnerships, and new technologies due to the spread of the coronavirus pandemic in this region drive the market forward. 

In the forecast period, the Asia-Pacific biopharmaceuticals market is forecasted to develop as the fastest-growing region. Increasing awareness regarding biological drugs is driving the market in the area. Asia-Pacific is expected to grow steadily throughout the forecast period. India is rich in manufacturing vaccines for diphtheria, pertussis, tetanus, and measles. Increased R&D investments, increasing population growth, and increasing infrastructural facilities for drug manufacturing are the factors that drive the market forward. India supplies two-thirds of antiretroviral drugs worldwide to fight against AIDS. India has an increasing number of educational institutions for developing biopharmaceutical sciences and industries, which drives the market forward in this region. Due to the increase in Covid-19 cases, obesity, and sedentary lifestyle, biopharmaceutical industries have more demand due to the invention of many drugs and vaccines to prevent and reduce the virus in the body. Chinese biopharmaceutical companies are supplying most of the mRNA vaccines developed by Providence Therapeutics, a Canadian biotech company in Greater China. Japan is expected to have the largest pharmaceutical markets in the world. The Government of Japan is increasing investment in healthcare and innovative products in biopharmaceutical companies.

The European biopharmaceutical market is anticipated to hold a substantial share of the worldwide market during the forecast period. Germany is one of the main places for developing and producing biopharmaceuticals. In addition, this region has increased research on diagnostic procedures and personalized medicines.

The Latin American biopharmaceuticals market is expected to showcase a steady CAGR during the forecast period.

The biopharmaceuticals market in MEA is estimated to hold a moderate share of the worldwide market in the coming years.


 A list of crucial competitors dominating the global Biopharmaceuticals market profiled in this report is 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.


  • In January 2021, Pfizer Inc. and Biopharmaceutical New Technologies (BioNTech) developed a COVID-19 vaccine. As a result, these two biopharmaceutical companies become the first to receive emergency validation from the WHO.
  • In September 2020, Sanind GlaxoSmithKline Plc collaborated to develop a COVID-19 vaccine. The vaccine developed is ready to begin human trials. These two vaccine makers have started their trials across 11 sites in the United States.
  • In December 2020, Amgen Inc. acquired a drug known as AMG634 and bought Otezla from Celgene in 2019 for $13.4 billion. In addition, Amgen Inc. has received a license to treat tuberculosis and leprosy, one of the investigational pipeline drugs to Medicines Development for Global Health.
  • In July 2020, SomaLogic enlarged its collaboration to discover a new drug with giant biopharmaceutical Amgen Inc. SomaLogic uses more than 40,000 blood samples to quantity different biomarkers for clinical trial patients.
  • In August 2020, Biogen's BLA Aducanumab accepted the FDA's priority review for Alzheimer's diseases, co-developing with Eisai. This will be the first therapy for the clinical decline in Alzheimer's disease if the drug is approved.
  • In 2021, Takeda Pharmaceutical Company Limited and Frazier Healthcare agreed to launch HilleVax, Inc., a biopharmaceutical company, to develop vaccines.

Please wait. . . . Your request is being processed


How much was the global allergy biopharmaceuticals market worth in 2021?

The global biopharmaceuticals market size was valued at USD 192.46 billion in 2021.

Which segment by product led the biopharmaceuticals market in 2021?

The monoclonal antibodies segment accounted for the major share of the global biopharmaceuticals market in 2021.

Which region dominated the market for biopharmaceuticals worldwide in 2021?

Geographically, the North American region dominated the biopharmaceuticals market worldwide in 2021.

Who are the major players in the biopharmaceuticals market?

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 notable players in the biopharmaceuticals market.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?

Need something within your budget?


Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us:

Click for Request Sample