Biopharmaceuticals Contract Manufacturing Market to Reach USD 30.08 Billion by 2032 with Rapid 9% CAGR, Driven by Demand for Advanced Analytics Systems and Evidence-Based Medicine

The Global Biopharmaceuticals Contract Manufacturing Market reached USD 13.85 billion in 2022, and it is projected to exhibit a revenue CAGR of 9% throughout the forecast period. The growth of the market is primarily fueled by the increasing prevalence of chronic diseases, which underscores the need for biopharmaceuticals. Pharmaceutical and biotechnology companies are increasingly outsourcing the manufacturing of biopharmaceuticals to save time, reduce costs, and focus on their core competencies.

The complexity of biologics manufacturing and stringent regulatory requirements for production and commercialization have created a demand for specialized Contract Manufacturing Organizations (CMOs) with expertise in biologics manufacturing. These CMOs offer services such as process development, scale-up, and technology transfer, driving the revenue growth of the contract manufacturing market.

Furthermore, the adoption of single-use technologies in biopharmaceutical production is contributing to market expansion. Contract manufacturers are increasingly leveraging single-use technologies due to their advantages, including reduced contamination risks, shorter turnaround times, and lower capital expenditures.

The COVID-19 pandemic has had a significant impact on the biopharmaceuticals contract manufacturing industry. The increased demand for vaccines and medications during the pandemic has provided contract manufacturers with opportunities to scale up their production capacities and meet the rising needs. However, challenges such as supply chain disruptions, travel restrictions, and raw material shortages have also emerged, which may hinder the revenue growth of the market.

Moreover, strategic alliances and collaborations between pharmaceutical/biotechnology companies and contract manufacturers are driving market growth. These partnerships help enhance the manufacturing capabilities and capacities of contract manufacturers while granting pharmaceutical/biotechnology firms access to new technologies and expertise.

In summary, the market for biopharmaceuticals contract manufacturing is expanding due to the growing demand for biologics, the outsourcing trend, the need for specialized contract manufacturers, the adoption of single-use technologies, and strategic collaborations.

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Some of the major companies in the global Biopharmaceuticals Contract Manufacturing Market are:
• Lonza Group AG
• Boehringer Ingelheim GmbH
• Samsung Biologics Co. Ltd.
• Thermo Fisher Scientific Inc.
• Fujifilm Diosynth Biotechnologies
• Catalent, Inc.
• Wuxi Biologics
• AbbVie Inc.
• Cytiva (Danaher Corporation)
• AGC Biologics

Segments Covered in the Report -
The biopharmaceuticals market is segmented based on various factors. By Source Outlook, it is categorized into Mammalian and Non-mammalian sources. The market can also be analyzed based on Service Outlook, including Process Development, Downstream, Upstream, Fill & Finish Operations, Analytical & QC studies, and Packaging. Furthermore, the market is divided based on Product Outlook, which comprises Biologics, Monoclonal antibodies (MABs), Recombinant Proteins, Vaccines, Antisense, RNAi, & Molecular Therapy, Others, and Biosimilars.

The Therapeutic Area Outlook encompasses several categories such as Oncology, Autoimmune Diseases, Metabolic Diseases, Cardiovascular Diseases, Neurology, Infectious Diseases, and Others. This segmentation provides a comprehensive understanding of the diverse therapeutic areas addressed by biopharmaceuticals.

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In North America, countries such as the U.S. and Canada are analyzed, while Europe includes the U.K., Germany, France, and BENELUX. The Asia Pacific region covers China, India, Japan, and South Korea, while Latin America includes Brazil. The Middle East & Africa segment encompasses Saudi Arabia, UAE, and Turkey.

This segmented approach enables a thorough analysis of the biopharmaceuticals market, considering the different sources, services, products, therapeutic areas, and geographical regions. It provides valuable insights into the industry's dynamics, opportunities, and potential growth in specific segments and regions.

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Strategic development:
Lonza Group AG and Virios Therapeutics have joined forces in December 2021 through a strategic partnership aimed at expediting the development of Virios' gene therapy product for Huntington's disease. This collaboration is expected to leverage Lonza's expertise and resources to accelerate the progress of Virios' investigational treatment.

To meet the increasing demand for biopharmaceutical contract manufacturing services, Samsung Biologics Co. Ltd. announced in November 2021 that it will be expanding its manufacturing facility in Incheon, South Korea. This expansion project aims to enhance Samsung Biologics' capabilities in providing contract manufacturing services for biopharmaceuticals, catering to the growing needs of the industry.

Boehringer Ingelheim GmbH, in September 2021, made an important move by acquiring Abexxa Biologics, a biopharmaceutical company based in the United States. Abexxa Biologics is renowned for its dedication to developing innovative antibody-based therapeutics. This acquisition by Boehringer Ingelheim GmbH is expected to bolster their portfolio and strengthen their position in the field of biopharmaceuticals.

These strategic developments demonstrate the commitment of industry players to collaboration, expansion, and acquisition to drive advancements in the biopharmaceutical sector. These efforts aim to accelerate the development of innovative therapies, address rising demand, and position companies for growth and success in the competitive market.

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