Biopharmaceuticals Market Growth Accelerated by Increased Investments & R&D Activities

Biopharmaceuticals are medications or therapeutic agents that are produced from living cells and organisms using genetic engineering and recombinant DNA technology. They are used to treat complex chronic diseases such as cancer, autoimmune disorders, infectious diseases, and rare genetic disorders. The increasing prevalence of chronic diseases globally and high disease burden of cancer are driving the demand for biopharmaceuticals. Additionally, extensive R&D activities and steady rise in investments in drug discovery and development is accelerating the growth of the biopharmaceuticals market.

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