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Stock impact report

Demand For Innovative Therapies for Chronic Illnesses is set to Drive Growth in the Biologics Market is projected to reach USD 817.48 Billion by 2032, growing at a CAGR of 8.5% | FMI [Yaho...

Spyre Therapeutics, Inc. (SYRE) 
Company Research Source: Yahoo! Finance
Growth is boosted by regulatory harmonization, patient awareness, and rising disease rates globally. NEWARK, Del, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The global biologics market , valued at USD 335.43 billion in 2021, is anticipated to soar to USD 817.48 billion by 2032, expanding at an impressive compound annual growth rate (CAGR) of 8.5% between 2022 and 2032. Amidst the declining productivity of small molecule drugs, biologics are rapidly emerging as a pivotal focus within healthcare, with new therapies providing innovative solutions for complex conditions like Crohn's disease and arthritis. As patients and healthcare providers increasingly turn toward branded treatments and novel therapies, the market for biologics is set for exponential growth in the coming decade. The biologics sector is witnessing accelerated advancements as scientists explore species and expression systems that enhance drug productivity. With ongoing developments in cell lines and reagents, biologics product Show less Read more
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