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At 18.2% CAGR, Global Biologics Outsourcing Market Size to Surpass USD 52,846 million by 2027 - Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors

11-15-2022 02:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Facts & Factors

Biologics Outsourcing Market

Biologics Outsourcing Market

Facts and Factors Biologics Outsourcing Market by Product (Antibody, Vaccines, Recombinant Protein, and Others), By Type (Instruments and Kits & Reagents), By Source (Mammalian, Microbial, and Others), and By Applications (Vaccine & Therapeutics Development, Stem Cell Research, Blood & Blood-Related Products Testing, Tissue & Tissue Related Products Testing, and Cellular & Gene Therapy): Global Industry Perspective, Comprehensive Analysis" is The report estimates that the global market for biologics outsourcing will be worth approximately 11,668 million U.S. dollars in 2018, and it is anticipated to reach a value of approximately 52,846 million U.S. dollars by 2027, expanding at a compound annual growth rate (CAGR) of approximately 18.2% between 2019 and 2027.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.fnfresearch.com/biologics-outsourcing-market-by-product-antibody-vaccines-recombinant-206

Some of the key participants in the business include
Sino Biological Inc.
Innovent Biologics, Inc.
Syngene
GenScript
Boehringer Ingelheim GmbH
Abzena PLC
Adimab LLC
Albany Molecular Research Inc.
Catalent, Inc.
GL Biochem Corporation Ltd.
JHL Biotech, Inc.
GVK Biosciences Private Limited
Lonza
ProteoGenix
Selexis SA
Shanghai Medicilon Inc.
Horizon Discovery Group plc, and The Jackson Laboratory.

Medicines that are produced using biological processes are known as biologics. They are different from chemically synthesized drugs like aspirin and antacids, and they are the drugs in question here. To be more specific, antibodies, microorganisms, and cells are the sources from which the products are derived. Due to the fact that it is an effective treatment for rheumatoid arthritis, kidney failure, high cholesterol levels, Crohn's disorder, and asthma, the production of biologics is now outsourced.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/sample/biologics-outsourcing-market-by-product-antibody-vaccines-recombinant-206

The rise in research activities pertaining to biologics will steer the market trends

A prominent increase in the research & development activities related to biologics is projected to spur the expansion of the biologics outsourcing industry during the forecast timeline. Apart from this, strong supply chain activities by the manufacturer are likely to attract the firms to offshore the biologics and this is likely to drive the business growth over the forecast timeline.

Furthermore, cost & time-saving benefits provided by biologics outsourcing activities will further propel the market expansion over the period from 2019 to 2027. Moreover, biotech & pharma firms can save huge capital expenditure through biologics outsourcing and increase the invention and commercialization of biologics over the forecast period, thereby prompting market growth over the forecast timespan. Nevertheless, the high technical need for manufacturing biologics will impede business expansion.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/inquiry/biologics-outsourcing-market-by-product-antibody-vaccines-recombinant-206

Antibody to dominate the product segment over the forecast period

The segmental growth during the forecast timeline is owing to large-scale research activities carried out across the antibody engineering domain that will aid the monoclonal antibody-based product to remain a key biopharmaceutical class over the coming years. Apart from this, the massive application of the antibodies for treating a large number of chronic ailments like asthma will further steer the segmental surge over the forecast timeline.

Vaccine & therapeutics development segment to record the highest CAGR during 2019-2027

The vaccine & therapeutics development segment is set to register the highest growth rate of more than 19% during the forecast timespan. The growth of the segment during the timeline from 2019 to 2027 is credited to the rise in the growing concerns related to the prevention of chronic ailments in people.

๐๐ž๐ž๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/biologics-outsourcing-market-by-product-antibody-vaccines-recombinant-206

This report segments the Biologics Outsourcing market as follows:

Biologics Outsourcing Market: By Product Analysis

Antibody
Monoclonal Antibody
Bi-specific Antibody
Antibody Drug Conjugates
Vaccines
Recombinant Protein
Others

Biologics Outsourcing Market: By Type Analysis

Instruments
Kits & Reagents

Biologics Outsourcing Market: By Source Analysis

Mammalian
Microbial
Others

Biologics Outsourcing Market: By Applications Analysis

Vaccine & Therapeutics Development
Stem Cell Research
Blood & Blood-Related Products Testing
Tissue & Tissue Related Products Testing
Cellular & Gene Therapy

๐‘๐ž๐š๐ ๐›๐ฎ๐ฒ๐ง๐จ๐ฐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/biologics-outsourcing-market-by-product-antibody-vaccines-recombinant-206

Biologics Outsourcing Market: By Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

Facts & Factors
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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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