Vaccine Contract Manufacturing Market is Growing Rapidly with Catalent, Moderna

Contract manufacturing is a complex process involved in producing vaccine products. This type of production usually involves the manufacturing of vaccines in a single step. Contract manufacturers usually produce vaccines at their facilities; however, some contract manufacturers also service the field through the provision of workspace and by taking care of the closing storage and final disposition of finished products. Some contract manufacturers specialize in the manufacture of one or few vaccines. Others manufacture vaccines for a number of diseases

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Technological developments in biomanufacturing and biotechnology are expected to drive growth of the global vaccine contract manufacturing market. Biotechnology has witnessed significant growth in the recent past in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian biotechnology industry was valued at US$ 63 billion in 2019 and is expected to reach US$ 102 billion by 2025, registering a CAGR of 10.9%. Besides, key biotechnology and pharmaceutical companies are focused on launching vaccines for protection against infectious diseases.

For instance, in December 2020, Moderna Inc., a U.S.-based biotechnology company, received the U.S. Food and Drug Administration (FDA) approval for the use of an mRNA-1273 vaccine against COVID-19 in individuals aged 18 years and above. Hence, such factors are expected to drive growth of the global vaccine contract manufacturing market. Furthermore, rising awareness regarding vaccines and their benefits in emerging economies is expected to propel the global vaccine contract manufacturing market growth in the near future.

High cost associated with equipment used in vaccine manufacturing is expected to restrain growth of the global vaccine contract manufacturing market growth in the near future. Among regions, North America is expected to witness significant growth in the global vaccine contract manufacturing market. This is owing to growing presence of major biopharmaceutical companies in the U.S. and Canada. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing R&D activities in emerging economies such as China and India.

Key companies involved in the global vaccine contract manufacturing market are Catalent, Inc., Lonza, Cobra Bio, FUJIFILM Diosynth Biotechnologies U.S.A., Inc., Paragon Bioservices, Inc., Ajinomoto Althea, Inc., PRA Health Sciences, Cytovance Biologics, IDT Biologika GmbH, and Albany Molecular Research, Inc.
For instance, in June 2020, Moderna Inc., a U.S.-based biotechnology company, collaborated with Catalent Inc. for Fill-Finish manufacturing of Moderna’s COVID-19 vaccine candidate.

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Table of Contents

-- Report Overview: It includes the Vaccine Contract Manufacturing market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

-- Executive Summary: This section of the report gives information about Vaccine Contract Manufacturing market trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

-- Profiles of International Players: Here, key players of the Vaccine Contract Manufacturing market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

-- Regional Study: All of the regions and countries analyzed in the Vaccine Contract Manufacturing market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

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Key Benefits:

• This study gives a detailed analysis of drivers and factors limiting the market expansion of Vaccine Contract Manufacturing

• The micro-level analysis is conducted based on its product types, end-user applications, and geographies

• Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players

• By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Vaccine Contract Manufacturing market

The research study can answer the following Key questions:

• What will be the progress rate of the Vaccine Contract Manufacturing Market for the conjecture period, 2021-2028?

• What are the prominent factors driving the Vaccine Contract Manufacturing Market across different regions?

• Who are the major vendors dominating the Vaccine Contract Manufacturing industry and what are their winning strategies?

• What will be the market scope for the estimated period?

• What are the major trends shaping the expansion of the industry in the coming years?

• What are the challenges faced by the Vaccine Contract Manufacturing Market?

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Our analysts are experts in this field with years of experience. We at Coherent Market Insights maintain the highest level of accuracy and transparency in the report. The primary and secondary resources used in the report are taken from reliable and high authority sources to deliver 100% accurate and trusted data.

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