Biopharmaceutical CMO and CRO Market

The Biopharmaceutical CMO and CRO Market crossed US$ 32.25 billion in 2022 and is expected to hit US$ 54.13 billion by 2030, recording a CAGR of 6.5% during the forecast period

Pharmaceutical and biotech companies focus on R&D activities to innovate new molecules and therapeutic platforms to deal with chronic diseases and rare ailments; they also extensively invest in R&D activities to develop various therapeutic applications with strong medical and commercial potential. The research-based pharmaceutical industry is essential in restoring Europe to growth and ensuring future competitiveness in an advancing global economy. In 2020 it funded an estimated € 39,000 million in R&D in Europe. Moreover, according to a study published by Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of biopharmaceutical companies grew from US$ 49.6 billion in 2012 to US$ 79.6 billion in 2018. Such massive investments in R&Ds are likely to drive the contract research organization services market during the forecast period.

The Biopharmaceutical CMO and CRO Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Biopharmaceutical CMO and CRO market growth.

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Key Players:

o AGC Biologics
o Boehringer Ingelheim International GmbH
o FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
o TOYOBO CO., LTD
o JRS PHARMA
o Lonza
o PRA Health Sciences, Inc.
o ProBioGen AG
o Rentschler Biopharma SE
o Samsung BioLogics

Recent strategic developments in the biopharmaceutical CMO and CRO market

The biopharmaceutical CMO and CRO market has undergone several significant developments, and a few of these have been mentioned below:
• In December 2020, the global biopharmaceutical contract development and manufacturing organization (CDMO), AGC Biologics, announced to expand production capacity of its Copenhagen (Denmark) facility. This expansion will more than double AGC Biologics' single-use bioreactor mammalian cell culture
• In November 2021, Lonza announced the acquisition of the Exosomics Service Unit. Lonza will access expertise and capabilities in extracellular vesicle (EV) analytics and characterization. This acquisition will strengthen its position as a leading global CDMO in exosome bioprocessing

The target audience for the report:
• Raw Material Providers
• Associations, Organizations, Forums, And Alliances
• Government Bodies, Such as Regulating Authorities and Policymakers
• Medical Device Companies
• Pharmaceutical and Biopharmaceutical Companies
• Venture Capitalists, Private Equity Firms, and Start-Up Companies
• Research Institutes, Organizations, and Consulting Companies

Scope of the report:

In this report, the market has been segmented based on:

• Source:
o Mammalian
o Non-Mammalian

• Service Type:
o Contract Manufacturing
o Contract Research

• Product:
o Biologics
o Biosimilars

• Region:
o North America
o Europe
o Asia Pacific
o South & Central America
o Middle East & Africa

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Companies Profiled in this report includes:
The report offers in-depth assessment of the growth and other aspects of the Biopharmaceutical CMO and CRO market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

Biopharmaceutical CMO and CRO Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Biopharmaceutical CMO and CRO Market
• Biopharmaceutical CMO and CRO Market Overview
• Biopharmaceutical CMO and CRO Market Competition
• Biopharmaceutical CMO and CRO Market, Revenue and Price Trend
• Biopharmaceutical CMO and CRO Market Analysis by Application
• Company Profiles and Key Figures in Biopharmaceutical CMO and CRO Market
• Market Dynamics
• Methodology and Data Source

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Biopharmaceutical CMO and CRO market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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