Overview of the Global Biologics Market
The global biologics market is a subset of the global pharmaceutical market. In terms of market size, the global biologics market represented approximately 19.1% of the global pharmaceutical market in 2016. The global pharmaceutical market grew at a CAGR of 4.6% from US$962.0 billion in terms of market size in 2012 to US$1,153.6 billion in 2016, and is expected to grow at a CAGR of 5.0% from 2016 to 2021, reaching US$1,475.1 billion in 2021. Comparatively, the global biologics market grew at a CAGR of 7.7% from US$164.2 billion in…
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