Biopharmaceutical Contract Manufacturing Market 2021: Latest Trends, Segment Analysis & Forecast Analysis With Leading Industry Players: AbbVie Inc., Abzena Ltd, Ajinomoto Bio-Pharma, Catalent, Inc., Cytovance Biologics
Skyrocketing growth in Biopharmaceutical Contract Manufacturing Market was valued at US$ 10.4 billion in 2018 and is set to grow at a CAGR of around 16% by 2030
Biopharmaceutical contract manufacturing has become a major investment area for traditional pharmaceutical companies owing to the enhanced production capabilities at relatively lower prices coupled with added expertise on quality control from service providers which is responsible for huge growth of Biopharmaceutical Contract Manufacturing Market . The growth in prevalence of disorders which may be old or new across the world have alerted regulatory authorities to strategize vaccine development in their jurisdictions. Biopharmaceutical companies are hoping to seize this opportunity in order to create optimized vaccines for disease prevention. The use of biopharmaceuticals in vaccine development is expected to grow in the recent years owing to the operational benefits received in using biopharmaceuticals as opposed to traditional products while reducing the dependence on chemicals in traditional pharmaceutical products. Notable forms of vaccines which are produced through biopharmaceutical contract manufacturing include preventative vaccines, pandemic vaccines, seasonal vaccines, and conjugates amongst others. These vaccines have been receiving clinical and commercial adoption at a growing rate due to demand from health authorities from various countries along with optimized manufacturing practices used by product manufacturers and contract manufacturing companies. Global biopharmaceutical contract manufacturing market is expected to surpass USD 30.80+ Billion by 2030.
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“Global biopharmaceutical contract manufacturing market is expected to gain demand owing to growing focus towards disease prevention across the world. The investments towards vaccine development along with production process development are aiding the growth of the market.”
The detailed research study provides qualitative and quantitative analysis of the global Biopharmaceutical Contract Manufacturing Market. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
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Key Report Findings:
• Monoclonal antibodies are the major products which are produced through the contract manufacturing route. The application of monoclonal antibodies in curing diseases such as cancer, rheumatoid arthritis, and various cardiovascular diseases amongst others is responsible for the surge in demand for these products.
• Active Pharmaceutical Ingredient (API) is observed to a major revenue generating source in the application segment for the market. The increasing awareness regarding APIs coupled with dedicated service provision for their synthesis are expected to aid the growth of the segment.
• Asia Pacific is expected to hold a major Biopharmaceutical Contract Manufacturing Market share in the Global biopharmaceutical contract manufacturing market, growing at a CAGR of over 16% during the forecast period. The proliferation of pharmaceutical manufacturers coupled with conducive government initiatives in the region are attributed to be major factors for market growth.
• Key players operating in the Global biopharmaceutical contract manufacturing market are AbbVie Inc., Abzena Ltd, Ajinomoto Bio-Pharma, Baxter Healthcare Corporation, Boehringer Ingelheim International GmbH, Catalent, Inc., Cytovance Biologics, FUJIFILM Corporation, KBI Biopharma, Lonza, ProBioGen AG, Rentschler Biopharma SE, Sai Life Sciences Ltd., Samsung Biologics Co., Ltd., Sandoz International GmbH, Thermo Fisher Scientific Inc (Patheon), Vetter, WuXi Biologics amongst others.
• Biopharmaceutical Contract Manufacturing Market participants are increasing their investments in product development in order to provide comprehensive fleet management solutions.
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Global Biopharmaceutical Contract Manufacturing Market Segmentation:
By Therapeutic Area
o Autoimmune Diseases
o Metabolic Diseases
o Cardiovascular Diseases
o Infectious Diseases
o Respiratory Disorders
By Product Type
o Growth Factors
o Monoclonal Antibodies
o Recombinant Hormones
o Active Pharmaceutical Ingredient (API)
o Finish Product
o North America
o Rest of North America
o The UK
o Nordic Countries
o Benelux Union
o Rest of Europe
o Asia Pacific
o New Zealand
o South Korea
o Southeast Asia
Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o South Africa
o Rest of Middle East and Africa
o Latin America
o Rest of Latin America
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