The presence of large geriatric population in the countries such as Germany and United Kingdom drive the
growth of European biological drugs market. Furthermore, presence of top quality research and development
infrastructure due to the partnerships between research institutes and manufacturing companies and
increased funding from private-public initiatives drives the growth of the European market. The demand for
alternative drugs for the treatment of chronic illnesses from the emerging nations in the Eastern Europe is
anticipated to enhance the growth of the European biological drugs market.
Presence of large population with chronic illnesses, initiatives from governments to promote biologics, high
investments in biologic drug manufacturing facilities, encouragement for biotech companies and research
initiatives are major factors that drive the Asian biological drugs market. Moreover, the low manufacturing
cost and the availability of low cost labor is expected to enhance the growth of the Asian biological drugs
market, as it could attract more established players in the global market to Asia. The presence of good
regulatory frameworks for biologics, increasing instances of chronical illnesses and encouragement from
governments to promote manufacturing of drugs to in the region to make treatments affordable are the
major factors that drive the Latin American biological drugs market. Substandard biological drugs due to the
absence of stringent regulatory frameworks, presence of biosimilars and other alternatives are the major
restraints for African biological drugs market. However, with the Ebola outbreak in recent past and the
presence of large number of patients with AIDS and other chronic illnesses provide positive outlook for the
growth of the biological drugs market in Africa. Presence of numerous patients with diabetes, rheumatoid
arthritis and other chronic illnesses and availability of good healthcare systems are expected to drive the
biological drugs market in the Middle East during the forecast period.
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