Biopharmaceutical CMO and CRO Market To Signify Strong Growth by 2030 | Actimus Bio, ACI Clinical, Accumedix, Inc., Absorption Systems

The Biopharmaceutical CMO and CRO Market is estimated for USD 38 billion for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. The global biopharmaceutical CMO and CRO market was valued at US$ 32.4 Bn in 2022 and is forecast to reach a value of US$ 54.1 Bn by 2030 at a CAGR of 5.9% between 2023 and 2030

Market Overview:

Contract manufacturing organizations (CMOs) and contract research organizations (CROs) are increasingly relied on by biopharmaceutical companies to reduce development costs and improve manufacturing efficiency. Biopharmaceutical CMOs focus on monoclonal antibody production and protein/peptide engineering, while CROs offer discovery, preclinical, and clinical trial services.

Market Dynamics:

The biopharmaceutical CMO and CRO market is driven by the increasing demand for biologics and surge in pipeline drugs. Biologics have revolutionized the treatment of chronic and complex diseases. Moreover, according to the Biotechnology Innovation Organization, over 800 biologic drugs are in the pipeline for various therapeutic applications. Additionally, high research and development costs incurred by pharmaceutical companies have prompted them to outsource non-core functions to CMOs and CROs to optimize production processes. Furthermore, these organizations provide expertise across various scales of drug manufacturing and clinical trials, enhancing the product delivery timeline for biopharmaceutical manufacturers.

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Increasing R&D investment in biopharmaceuticals:

One of the primary drivers for the growth of the biopharmaceutical CMO and CRO market is the substantial increase in research and development (R&D) investments made by biopharmaceutical companies in developing novel drug molecules and biologics. According to a report by EFPIA, the biopharma industry invested over $160 billion in R&D in 2021 globally, which is more than double the amount from a decade ago. With innovative biologics and targeted therapies becoming more prevalent for treating various cancers and chronic diseases, biopharma companies are pumping more capital into their pipelines to develop advanced treatment options for patients. This exponential rise in R&D spending has led to a tremendous surge in demand for outsourcing non-core activities like manufacturing clinical trial materials, analytical testing, and regulatory filing preparation to specialized CROs and CMOs with requisite expertise.

Some of the Top Players in Biopharmaceutical CMO and CRO Market: 

Allphase Clinical Research, AlcheraBio, Alcami, Akos Urgent Care, Agilent, AGC Biologics, Affinity Life Sciences, Inc., Actimus Bio, ACI Clinical, Accumedix, Inc., Absorption Systems, A10 Clinical Solutions, Albuquerque Clinical Trials (ACT), Ajinomoto Bio-Pharma Services, Advanced Clinical Services LLC, ACM Global Laboratories, Accelerated Enrollment Solutions, AbbVie Contract Manufacturing, Advanced BioScience Laboratories, Advanced Clinical Research Institute, and Alliance for Clinical Trials in Oncology, among others.

Detailed Segmentation:

Global Biopharmaceutical CMO and CRO Market, By Source:
Mammalian
Non-mammalian

Global Biopharmaceutical CMO and CRO Market, By Service:
Contract Manufacturing
Contract Research

Global Biopharmaceutical CMO and CRO Market, By Product:
Biologics
Biosimilars

Regional Analysis -

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

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Stringent regulatory requirements:

While regulatory oversight ensures patient safety, stringent regulations governing biopharmaceutical development pose a major challenge for the industry. Biologics and cell and gene therapies in particular are highly regulated due to complex characterization needs. Obtaining regulatory approvals from agencies like the FDA and EMA involve rigorous preclinical and clinical testing as well as post-marketing requirements. Any change in manufacturing process also warrants prior approval from regulators. Additionally, regulations around proper documentation, data integrity, and compliance require significant resources to adhere to. This leads biopharma companies, especially small startups, to outsource regulatory related work to capable CROs having domain expertise and experience in seamlessly navigating the complex approval process. Moreover, CMOs with robust quality systems compliant with regulations can take development risks off the hands of clients. Stringent regulatory landscape continues to bolster the growth of CRO and CMO industries.

Opportunity for advanced analytics:

One major opportunity for CROs and CMOs lies in leveraging advanced data analytics during clinical trial execution and manufacturing. Being the central points of large amounts of raw data generation, they are uniquely placed to offer data-driven insights and solutions to sponsors. Application of tools like machine learning, artificial intelligence, and predictive modeling can help optimize processes, ensure quality, predict supply chain issues and identify adverse events proactively. Advanced analytics also open avenues for new data-driven services around biomarker identification, patient recruitment and monitoring. CROs/CMOs investing in data sciences will be able to provide differentiated solutions, gain client trust, and achieve operational efficiencies. As regulatory agencies also increasingly emphasize use of real-world evidence and analytics, this presents a significant growth opportunity for service providers.

Emergence of niche CMO and CRO specialization:

A notable trend in the biopharmaceutical CMO and CRO industry is the emergence of niche players specializing in specific complex modalities and services. With expanding frontiers in modalities like gene and cell therapies, tissue engineering and microbiome therapeutics; specialized expertise has become imperative. Additionally, certain new services like viral vector manufacturing, process development for continuous manufacturing, analytical characterization of novel entities, decentralized/sightless clinical trials also demand a high degree of know-how. Major players are entering partnerships or acquiring small emerging firms expert in these specialized domains to leverage their expertise. Moreover, smaller niche firms offer clients focused solutions without distractions from other program types. This trend allows the industry to optimally address the diversifying needs of advanced biopharma

Questions Answered by the Report:

(1) Which are the dominant players of the Biopharmaceutical CMO and CRO Market?
(2) What will be the size of the Biopharmaceutical CMO and CRO Market in the coming years?
(3) Which segment will lead the Biopharmaceutical CMO and CRO Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Biopharmaceutical CMO and CRO Market?
(6) What are the go-to strategies adopted in the Biopharmaceutical CMO and CRO Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Biopharmaceutical CMO and CRO Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Biopharmaceutical CMO and CRO Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.