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Growing Biopharmaceutical Market
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Overview
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The biopharmaceutical and biomedicine market is projected to reach a value of USD 1803.2 billion by 2034, driven by the increasing prevalence of chronic diseases and the demand for personalized medicine. Leading players in the market include Amgen Inc., Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., Merck Company Inc., and Pfizer Inc.
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How do technological advancements in biotechnology influence the growth of the biopharmaceutical market?
How might the increasing prevalence of chronic diseases impact the biopharmaceutical market?
What are the potential implications of the demand for personalized medicine on the biomedicine industry?
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