Global Life Science Products Market- Regional Analysis
Among all regions, North America is expected to dominate the global market over the forecast period. This is attributed to an increase in product approval by the regulatory bodies in this region. For instance, in March 2022, Bristol Myers Squibb, a pharmaceutical company, announced that Opdualag (nivolumab and relatlimab-rmbw), a new, first-in-class, fixed-dose combination of nivolumab and relatlimab, administered as a single intravenous infusion, is approved by the U.S. Food and Drug Administration (FDA) for the treatment of adult and pediatric patients 12 years of age or older with unresectable or metastatic melanoma.
Asia Pacific region is expected to be the second dominating region over the forecast period, due to an increase in the facility expansion in the region. For instance, in July 2020, Laurus Bio Pvt Ltd., a biotechnology company, announced plans to expand its manufacturing capability by building a second recombinant protein manufacturing facility in India.
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