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Antibody Contract Manufacturing Market Poised for Robust Growth, Estimated to Reach $16.84 Billion by 2025 and $29.86 Billion by 2029
Antibody Contract Manufacturing Market
What Is The Projected Market Size Of The Global Antibody Contract Manufacturing Market And Its Growth Rate?
Key market stats include:
• Market size was $14.8 billion in 2024, projected to reach $16.84 billion in 2025, yielding a CAGR of 13.8%.
• Rise in demand for monoclonal antibodies, personalisation of medicine, stringent regulatory requirements, and globalization of biologics have contributed to widespread growth.
• Forecasted size for the year 2029 is $29.86 billion marking a CAGR of 15.4%.
• Expanding investment in R&D, emergence of bispecific and multispecific antibodies, increasing healthcare infrastructural developments and governmental initiatives are driving the growth projections.
What Is Driving The Growth In The Antibody Contract Manufacturing Market?
The surging number of clinical trials bolstering the antibody contract manufacturing market. Clinical trials are the backbone to evaluate the efficacy and safety of medical treatments, increasing the demand for quality antibodies. Key statistics from ClinicalTrials.gov, a branch of the US-based National Institutes of Health (NIH), in May 2023 reported a climb in registered clinical trials from 399,499 in 2022 to 437,533 in 2023, constituting a considerable move towards growth in the market.
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Who Are the Key Players Driving Antibody Contract Manufacturing Market Growth?
The key players include:
• AbbVie Inc.
• Thermo Fisher Scientific Inc.
• Boehringer Ingelheim Biopharmaceuticals GmbH
• Fujifilm Holdings Corporation
• Eurofins Scientific SE
• Lonza Group AG
• Labcorp Drug Development
• Catalent Inc.
• Charles River Laboratories International Inc.
• Merck KGaA, etc.
What Are The Key Trends In The Antibody Contract Manufacturing Market?
Emerging trends observed are:
• Digitalization and data analytics
• Adoption of advanced upstream technologies
• Novel downstream processing techniques
• Initiatives towards sustainability
• Integration of Contract Development and Manufacturing (CDMO)
What Are The Segments Of The Global Antibody Contract Manufacturing Market?
The market segments as follows:
• By Product: Monoclonal Antibodies, Polyclonal Antibodies, Other Products
• By Source: Mammalian, Microbial
• Scale Of Operation: Preclinical, Clinical, Commercial
• By End-User: Biopharmaceutical Companies, Research Laboratories, Other End Users
Which Region Leads The Antibody Contract Manufacturing Market?
North America emerged as the largest region in the antibody contract manufacturing market as of 2024. The forecast period predicts Asia-Pacific to be the fastest-growing region. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Antibody Contract Manufacturing Global Market Report?
- Market Size Analysis: Analysis by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Effective categorization within the market.
- Key Player Focus: Defining market value, share, and competitive landscape.
- Growth Trends Analysis: Individual growth trends and prospects in the Market.
- Market Contribution: Contributions of different segments to the overall market growth.
- Growth Drivers: Detailed key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Challenges and risks affecting the market.
- Competitive Developments: Competitive developments such as expansions, agreements, and new product launches in the market.
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