Biologics Outsourcing Market Report 2023-2032: Growth Analysis, Trends, Share And Forecast Report | AbbVie Inc., Thermo Fisher Scientific Inc., Boehringer Ingelheim GmbH, Lonza Group Ag, Catalent Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Biologics Outsourcing Global Market Report 2023 identifies rising number of cancer cases as the major driver for the Biologics Outsourcing market's growth in the forecast period. Cancer is a broad category of illnesses that can develop in nearly any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts.

The global biologics outsourcing market is expected to grow from $15.44 billion in 2022 to $17.74 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The biologics outsourcing market is expected to reach $29.39 billion in 2027, at a CAGR of 13.4%.

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Major competitors in the Biologics Outsourcing market are AbbVie Inc., Thermo Fisher Scientific Inc., Boehringer Ingelheim GmbH, Lonza Group Ag, Catalent Inc.

A key trend in the Biologics Outsourcing market includes Developments in biologics. Major companies operating in the biologics outsourcing market are adopting new technologies to sustain their position in the market. For instance, in February 2022, Abzena, a US-based contract development and manufacturing organization (CDMO), Alira Health, a US-based healthcare firm, and Oncodesign, a France-based biopharmaceutical company, launched DRIVE-Biologics, a consortium designed for biologic drug discovery and development programs. This provides integrated solutions with specialist services, from biological discovery to clinical and commercial manufacturing. This partnership, which combines industry leadership in fields such as design and developability, proof of concept in preclinical pharmacology and pharmaco-imaging, toxicology, and clinical design through commercial manufacturing, would streamline information sharing and program deliverables to help de-risk biologics development. Additionally, partners would have access to expertise at all drug discovery and development stages, including design, preclinical, clinical, and CMC (chemistry, manufacturing, and control).

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The Biologics Outsourcing market is segmented -

1. By Product Type: Antibodies, Recombinant, Vaccines, Protein, Other Products
2. By Source: Human, Microbial, Other Source
3. By Application: Oncology, Cellular and Gene Therapy, Blood And Blood-Related Products Development, Vaccine Development, Stem Cell Research, Other Applications
4. By End User: Pharmaceutical Industries, Biotechnology Industries, Contract Development And Manufacturing Organization(CDMO)
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biologics Outsourcing market.

The Business Research Company's "Global Biologics Outsourcing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biologics Outsourcing Market Include:

1. Executive Summary
2. Biologics Outsourcing Market Characteristics
3. Biologics Outsourcing Market Trends And Strategies
4. Biologics Outsourcing Market - Macro Economic Scenario
5. Global Biologics Outsourcing Market Size and Growth
……
32. Global Biologics Outsourcing Market Competitive Benchmarking
33. Global Biologics Outsourcing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Biologics Outsourcing Market
35. Biologics Outsourcing Market Future Outlook and Potential Analysis
36. Appendix

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