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Surging Growth in the Biologics Contract Development Market: Key Players, Trends and Forecast 2024-2029
Surging Growth in the Biologics Contract Development Market
Significant expansion of the biologics contract development market is projected, driven by increased prevalence of chronic diseases and rapid technological advancements.
What Is The Projected Market Size Of The Global Biologics Contract Development Market And Its Growth Rate?
• 2024 Market Size: $7.75 billion
• 2025 Market Size: $8.58 billion (10.6% CAGR)
• 2029 Market Size: $13.19 billion (11.4% CAGR)
Fueled by the growth of the biologics market, rise in biopharmaceuticals, and complexity of biologics, significant expansion is anticipated in the coming years.
What Is Driving The Growth In The Biologics Contract Development Market?
The increasing prevalence of chronic diseases is a significant driver for the biologics contract development market. Chronic diseases that require ongoing medical attention are on the rise, leading to a surge in the demand for novel drugs, including biologics. For example, according to reports from the Office for Health Improvement & Disparities, it was noted in 2024 that there was a 22% increase in deaths due to chronic lower respiratory diseases in 2023 compared to expected rates. This increasing prevalence of chronic diseases is expected to continue driving the growth of the biologics contract development market.
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Who Are the Key Players Driving Biologics Contract Development Market Growth?
• WuXi Biologics
• Abzena Ltd.
• Fujifilm Diosynth Biotechnologies
• KBI Biopharma
• AGC Biologics
• Thermo Fisher Scientific Inc
• LakePharma Inc.
• GenScript Biotech Corporation
• Bionova Scientific Inc.
• Boehringer Ingelheim GmbH
• STC Biologics
• Siegfried Evionnaz SA
• BioAgilytix Labs Inc.
• Samsung BioLogics
• Forge Biologics
• Lonza Group
• Catalent Inc.
• AbbVie Inc.
• Cytovance Biologics
• Emergent BioSolutions
• Eurofins CDMO
• Meridian Life Science Inc.
• Merck Group
• Patheon N.V.
• ProBioGen AG
• Rentschler Biopharma SE
• Sartorius AG
• Syngene International Limited
• Vibalogics GmbH
• Yposkesi
What Are The Key Trends In The Biologics Contract Development Market?
Key market trends include:
• Regenerative medicine.
• Risk mitigation strategies.
• Global collaborations.
• Advanced technologies.
• Technological integration.
What Are The Segments Of The Global Biologics Contract Development Market?
• By Source: Microbial, Mammalian, Others Sources
• By Indication: Oncology, Immunological Disorders, Cardiovascular Disorders, Hematological Disorders, Others Indications
• By Product Service: Cell Line Development, Process Development, Others Product Services
Which Region Leads The Biologics Contract Development Market?
In 2024, North America held the largest share of the biologics contract development market. However, the fastest-growing region in the forecast period is anticipated to be Asia-Pacific. The market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Biologics Contract Development Market Global Market Report?
- Market Size Analysis: Analyze the Biologics Contract Development Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biologics Contract Development Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biologics Contract Development Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biologics Contract Development Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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