Press release
Functional Dynamics of the Biopharmaceuticals Contract Manufacturing Market: Comprehensive Market Analysis Expects a Sharp Raise to $33.75 billion by 2029, CAGR Standing Strong at 11.0%.
Biopharmaceuticals Contract Manufacturing Market Size
What Is The Projected Market Size Of The Global Biopharmaceuticals Contract Manufacturing Market And Its Growth Rate?
• The market size for biopharmaceuticals contract manufacturing has been on a rapid ascension. It is expected to rise from $20.13 billion in 2024 to $22.21 billion in 2025, signaling a compound annual growth rate (CAGR) of 10.3%. This swift growth in the historic period is predominantly driven by increased biopharmaceutical development, cost efficiency and risk mitigation, the expanding pipeline of biologics, and globalization of the biopharmaceutical industry.
• Predictions for the near future suggest an even sharper rise. The market is estimated to catapult to $33.75 billion by 2029 at a CAGR of 11.0%. Key factors driving this remarkable surge include rising outsourcing trends, biosimilar development, shorter time-to-market requirements, global market expansion, and focus on specialized services.
What Is Driving The Growth In The Biopharmaceuticals Contract Manufacturing Market?
The future of the biopharmaceutical contract manufacturing market sees a massive push from the escalating demand for personalized medicine. Personalized medicine, a healthcare strategy that factors in individual patient traits such as genetics, environment, and lifestyle, promises enhanced treatment efficiency and outcomes. This rising need is facilitated by breakthroughs in genomics, patient empowerment, and amplified treatment effectiveness.
Contract manufacturers are already stepping up their efforts to create customized production processes tailored to meet the unique needs of personalized therapies. This initiative includes accommodating smaller batch sizes and unique formulations and is further fueled by supportive industry instances. A prominent example is the approval of 16 new personalized therapies for patients with rare diseases by the FDA in 2023, as reported by the US-based non-profit organization, Personalized Medicine Coalition.
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What Are the Key Players Driving Biopharmaceuticals Contract Manufacturing Market Growth?
• Boehringer Ingelheim GmbH
• Lonza Group Ltd.
• Inno Biologics Sdn Bhd
• Rentschler Biopharma SE
• Samsung Biologics Co. Ltd.
• AGC Biologics
• ProBioGen AG
• FUJIFILM Diosynth Biotechnologies
• Thermo Fisher Scientific Inc.
• Binex Co. Ltd.
• AbbVie Inc.
• Catalent Inc
• Pfizer Inc.
• Merck KGaA
• Pressure BioSciences
• Novartis International AG
• Cambrex Corporation
• Emergent BioSolutions Inc.
• JRS Pharma GmbH & Co. KG
• WuXi Biologics
• Siegfried Holding AG
• Toyobo Co. Ltd.
• ADMA Biologics Inc.
• UCB S.A.
• AstraZeneca PLC
• Johnson & Johnson
• Takeda Pharmaceutical Company Limited
• Shire Pharmaceuticals LLC
• Baxter International Inc.,
• Becton Dickinson and Company
• Polyphor Ltd.
• Patheon Inc.
• Alcami Corporation
What Are The Key Trends In The Biopharmaceuticals Contract Manufacturing Market?
Forecasted trends in biopharmaceutical contract manufacturing include the following:
• Technological integration
• Outsourcing expansion beyond large molecules
• Adoption of advanced manufacturing technologies
• Focus on quality and compliance
• Rise in biosimilars manufacturing
What Are The Segments Of The Global Biopharmaceuticals Contract Manufacturing Market?
• By Product: Biologics, Monoclonal Antibodies (MABs), Recombinant Proteins, Vaccines, Antisense, RNAi, and Molecular Therapy, Biosimilars
• By Source: Mammalian, Non-mammalian
• By Service: Process Development, Fill And Finish Operations, Analytical And QC studies, Packaging
• By Application: Clinical, Commercial
Which Region Leads The Biopharmaceuticals Contract Manufacturing Market?
In 2024, North America held the largest stake in the biopharmaceutical contract manufacturing market. Furthermore, Asia-Pacific is predicted to emerge as the fastest-growing region in the global biopharmaceuticals contract manufacturing market over the forecasted period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Biopharmaceuticals Contract Manufacturing Market Global Market Report?
- Market Size Analysis: Analyze the Biopharmaceuticals Contract Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biopharmaceuticals Contract Manufacturing 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 Biopharmaceuticals Contract Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biopharmaceuticals Contract Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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