Non-Therapeutic Biomolecules Market to Grow with a CAGR of 7.11% through 2028
Rising prevalence of chronic diseases and
increasing healthcare expenditure are factors driving the global Non-Therapeutic
Biomolecules market in the forecast period 2024-2028
According to TechSci Research report, “Non-Therapeutic
Biomolecules Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Non-Therapeutic
Biomolecules Market stood at USD 25.22 billion in 2022 and is anticipated to
grow with a CAGR of 7.11% in the forecast period, 2024-2028. The global
non-therapeutic biomolecules market is experiencing remarkable growth, driven
by a complex interplay of factors that are reshaping the landscape of this
dynamic industry. Non-therapeutic biomolecules, which include biomarkers,
diagnostics, and research reagents, have emerged as indispensable tools in the
fields of healthcare, pharmaceuticals, and life sciences. One of the primary drivers behind the growth of the
non-therapeutic biomolecules market is the continuous advancements in
biotechnology and life sciences. Researchers are constantly discovering new
biomarkers and diagnostic tools, enabling earlier disease detection, more
accurate patient monitoring, and a better understanding of disease pathways.
These advancements are crucial for drug development, personalized medicine, and
improving patient outcomes, driving the demand for non-therapeutic biomolecules.
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Biomolecules Market”
The global burden of chronic diseases
such as cancer, cardiovascular diseases, diabetes, and neurological disorders
is on the rise. Accurate diagnosis and monitoring of these conditions are
essential for effective disease management. Non-therapeutic biomolecules,
including biomarkers and diagnostic assays, play a pivotal role in early
detection and disease progression monitoring. As the global population ages and
lifestyle factors contribute to the increasing prevalence of chronic diseases,
the demand for non-therapeutic biomolecules is expected to grow substantially.
Advancements in genomics and molecular
biology have paved the way for personalized medicine and targeted therapies.
Non-therapeutic biomolecules are integral to the development of these
treatments, as they help identify specific genetic markers, predict individual
patient responses to drugs, and tailor treatment regimens accordingly. The
shift towards precision medicine is driving investments in biomarker discovery
and diagnostics, fueling the growth of the non-therapeutic biomolecules market.
The Global Non-Therapeutic Biomolecules Market is
segmented into trade pharma, end user and company
Based on trade pharma, the Monoclonal Antibodies segment has
emerged as the predominant market leader.
The
dominance of the monoclonal antibodies segment in the global non-therapeutic
biomolecules market is a testament to the versatility, precision, and
wide-ranging applications of these remarkable molecules. As technology
continues to advance, and as new applications emerge, monoclonal antibodies are
poised to remain at the forefront of biomolecular tools, shaping the future of
healthcare, research, and various other industries. Their continued growth and
evolution will undoubtedly have a lasting impact on the global non-therapeutic
biomolecules market.
Based on region, North America segment is expected to
grow during the forecast period. The regulatory environment in North
America is well-established and conducive to biotechnology research and
development. Clear and predictable regulations provide a stable platform for
companies to invest in the development and commercialization of non-therapeutic
biomolecules. North America's
advanced healthcare system relies heavily on diagnostic tests and medical
research. The utilization of non-therapeutic biomolecules in diagnostics and
medical research contributes significantly to the market's growth in the region.
The Asia Pacific region is experiencing rapid market
growth The region's
leadership in the non-therapeutic biomolecules market positions Asia Pacific as
a global leader in biotechnology and life sciences. This leadership enhances
the region's reputation in scientific research and innovation.
Major companies operating in Global Non-Therapeutic
Biomolecules Market are:
- Merck Group.
- Bio-Synthesis Inc.
- Eurogentec
- Aviva Systems Biology
- RayBiotech
- Biocon Limited
- Bio-Techne Corporation
- Danaher Corporation
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“The global non-therapeutic biomolecules market is
poised for significant growth, driven by a convergence of factors, including
technological advancements, the prevalence of chronic diseases, personalized
medicine trends, and increased research and development activities. As these
drivers continue to shape the industry, stakeholders in the non-therapeutic
biomolecules market must remain agile and innovative to capitalize on the
opportunities presented by this expanding market.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Non-Therapeutic Biomolecules Market Trade Pharma
(Enzymes, Recombinant Proteins, Plasmids, Peptides, Oligonucleotides,
Monoclonal Antibodies), By End user (Research, Pharma, In vitro
diagnostics(IVD), Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Non-Therapeutic Biomolecules Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
Global Non-Therapeutic Biomolecules Market.
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