Press release
Comprehensive Market Analysis on ADC Contract Manufacturing Market projected to reach USD 27.4 Billion by 2030 | CAGR of 14.2% | Forecast period 2022-2030, published by MarketDigits
ADC Contract Manufacturing Market Scope:Market size value in 2022 - USD 9.5 Billion
Market size value in 2030 - USD 27.4 Billion
CAGR (2023-2030) - 14.2%
Forecast Period - 2022-2030
Segments Covered - Linker, Application, End User and Region.
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Sterling Pharma Solutions Limited, Piramal Pharma Solutions, MabPlex International Co. Ltd, LEGOCHEM BIOSCIENCES, Inc., Samsung Biologics., Sartorius AG.
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Browse in-depth TOC on ADC Contract Manufacturing Market
178-Tables
95-Figures
335-Pages
North America dominates the market for ADC Contract Manufacturing.
North America stands out as the dominating region in the global ADC Contract Manufacturing market, with the U.S. leading in consumption and market share. This region is characterized by high growth attributed to a well-established biopharmaceutical industry, advanced research infrastructure, and a high prevalence of cancer cases. The region is a hub for innovative drug development, fostering strategic collaborations between pharmaceutical companies and ADC contract manufacturing organizations. Regulatory support and a strong emphasis on precision medicine contribute to the market's expansion in North America.
Asia Pacific region is experiencing rapid growth in the ADC contract manufacturing market due to the increasing focus on biopharmaceutical manufacturing in countries like China, India, and Japan. These countries offer a cost-effective manufacturing environment, skilled labor, and a growing pool of contract manufacturing organizations specializing in biologics. Additionally, the rise in cancer incidence, improving healthcare infrastructure, and favorable government initiatives in the Asia Pacific contribute to the market's attractiveness.
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Top Key Players Covered in the Report-
AbbVie Inc, Catalent, Inc., LEGOCHEM BIOSCIENCES, Inc., Lonza., MabPlex International Co. Ltd, Merck KGaA, Piramal Pharma Solutions, Recipharm AB, Samsung Biologics., Sartorius AG, Sterling Pharma Solutions Limited, WuXi Biologics, and Others.
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Recent Developments-
In February 2024, Samsung Biologics, a leading global contract development and manufacturing organization (CDMO), announced a partnership agreement with LegoChem Biosciences, a biotechnology company at the forefront of antibody-drug conjugate (ADC) program research and development.
https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-adc-contract-manufacturing-market-projected-to-reach-usd-274-billion-by-2030
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