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Next-generation Biologics Market - Top Drivers and Forecast from TechnavioTechnavio analysts forecast the global next-generation biologics market to grow at a CAGR of more than 14% during the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161206005223/en/ 
Technavio publishes a new market research report on the global next-generation biologics market from 2016-2020. (Graphic: Business Wire) The research study covers the present scenario and growth prospects of the global next-generation biologics market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of next-generation biologics.
Request a sample report: http://www.technavio.com/request-a-sample?report=54721 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio healthcare and life sciences research analysts highlight the following three factors that are contributing to the growth of the global next-generation biologics market:
Increase in demand for ADCs Antibodies are increasingly becoming the preferred choice to treat diseases such as respiratory, oncology, and inflammatory diseases. Understanding diseases at a molecular level increases the development and use of antibodies. The use of ADCs, including radioimmunotherapy and antibody-directed enzyme prodrug therapy, is growing. Sapna Jha, a lead cardiovascular and metabolic disorders research analyst at Technavio, says, "The increasing use of these antibodies in drug development increases revenue generation in the global next-generation biologics market, thereby contributing to market growth. ADCETRIS is a chimeric monoclonal immunoglobulin G1 antibody, which acts against CD30 expressed in HL and systemic anaplastic large cell lymphoma." Advanced technological innovations Advancements in biological sciences have shown a positive influence on the global next-generation biologics market. There are novel technological advancements in terms of drug manufacture, development, and delivery. Also, the future landscape of the market is expected to be promising as there are novel products in the pipeline that are expected to revolutionize the market globally. "The development of innovative insulin products and advances in insulin delivery technology have increased the life expectancy of individuals with diabetes. Automated injection devices such as insulin pumps and pens offer a safe and easy drug delivery option, thus increasing their demand in the market," adds Sapna. Reimbursement support for next-generation biologics Biologic therapeutics are expensive and cannot be afforded by all; however, reimbursement of next-generation biologics is expected to fuel the market during the forecast period. Plans such as public reimbursement programs reduce the financial burden of treatments. The increasing demand for high cost drugs are important reasons for them to be included in reimbursement plans. Funding can help various vendors and research institutes to build development in next-generation biologics with new discoveries, which boosts the global next-generation biologics market enormously. Research and clinical trials of biologicals are quite costly, which many research institutes and small companies cannot afford. To help their innovative idea, the respective governmental organizations provide funding worldwide. Top vendors:
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Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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