LONDON, July 26, 2017 /PRNewswire/ -- The market segments in the pharmaceuticals drugs sector as of 2016 were Oncology, Anti-diabetics, Anti-rheumatics, Anti-virals, Vaccines, Bronchodilators, Sensory Organs, Anti-hypertensives, MS Therapies, Immunosuppressants, Anti-coagulants, Dermatologicals, Anti-hyperlipidaemics, Anti-fibrinolytics and Anti-bacterials.
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Pharmaceuticals Drugs was the largest segment in the pharmaceuticals market with over 80% share of the market. Pharmaceuticals Drugs are chemical substances used to treat, cure, prevent or diagnose a disease. Biologics was the second largest segment in the pharmaceuticals market with around 20% share of the market. Biologics comprises products such as vaccines, blood and blood components, allergenic, somatic cells, gene therapy, tissues, and recombinant therapeutic proteins extracted or semi synthesized from biological sources.
The Americas was the largest region in the pharmaceutical market in 2016, accounting for around 45% market share. Asia was the second largest region accounting for around 27% market share. Europe was the third largest region accounting for around 22% market share.
Rise of Biologics/Gene Therapy was observed to be one of the top trends in the pharmaceuticals industry as of 2016. Advances in genetics, molecular biology and gene delivery technologies have led to an increase in gene therapies to treat a number of diseases. Gene therapy treatment includes the isolation and transfer of stem cell populations, administration of effector cells and induction of pluripotent cells. Applications of gene therapy and biologics are primarily in cancer, cardiovascular and central nervous system diseases. Gene therapy is being widely used by healthcare service providers as it has the potential to cure hereditary diseases such as cystic fibrosis and also has the scope to treat heart diseases and cancer. For instance, cancer gene therapy is expected to be around $4.3 billion, thus indicating high demand for gene therapy
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