Vaccine Contract Manufacturing Market Detailed Analysis and Forecast 2024-2031

Vaccine Contract Manufacturing Market worth $5.79 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Vaccine Contract Manufacturing Market - (By Vaccine Type (Attenuated, Inactivated, Subunit-based, Toxoid-based, DNA-based), By Type of Expression System (Avian Expression Systems, Bacterial Expression Systems, Embryonated Chicken Eggs and Primary Chicken Embryonic Fibroblasts (CEFs), Insect Expression Systems, Mammalian Expression Systems, Plant Expression Systems, Yeast Expression Systems), By Workflow (Downstream, Upstream), By Application (Human Use, Veterinary)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Vaccine Contract Manufacturing Market is valued at US$ 1.58 Bn in 2023, and it is expected to reach US$ 5.79 Bn by 2031, with a CAGR of 17.8% during the forecast period of 2024-2031.

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Vaccine contract manufacturing refers to the practice of delegating the production of vaccines to external manufacturers, commonly called as contract manufacturing organizations (CMOs) or contract development and manufacturing organizations (CDMOs). This arrangement enables vaccine developers or pharmaceutical corporations to utilize the knowledge, facilities, and skills of specialist manufacturing partners to create vaccines on their behalf.

A combination of global health priorities, technological advancements, strategic industry initiatives, and the need for flexible and scalable manufacturing solutions is driving the vaccine contract manufacturing market. Moreover, technological advancements and cost advantages in infrastructure and operations, coupled with initiatives supporting vaccinations, favourable patient demographics, and an uptick in immunizations for infants and children, are actively influencing the market's expansion. Simultaneously, a global surge in research and development, as well as clinical trials, aimed at expediting the creation of secure and efficient vaccines, has not only intensified vaccine demand but also bolstered production, thereby propelling market growth. The increased demand for vaccines has consequently raised the need for expanded manufacturing and clinical trial infrastructure investments. Additionally, the growth of the vaccine contract manufacturing market in the forecast period is further driven by the initiatives of various governments and health organizations worldwide, which are dedicated to providing vaccinations to all people.

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List of Prominent Players in the Vaccine Contract Manufacturing Market:
• Lonza
• FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
• Ajinomoto Althea, Inc.
• Merck KgaA
• Cytovance Biologics
• Catalent, Inc.
• Albany Molecular Research, Inc.
• PRA Health Sciences
• ICON plc.
• Pharmaceutical Product Development, LLC
• Cobra Bio
• Paragon Bioservices, Inc.
• Charles River Laboratories
• Meridian Life Science (MLS)
• Eurogentec
• GreenPak Biotech
• Hong Kong Institute of Biotechnology
• WuXi Biologics
• Bharat Biotech
• Biological E
• Others

Market Dynamics:

Drivers-
An increasing need for effective and scalable vaccine manufacturing technologies is being driven by the global emphasis on increasing vaccine distribution, especially in response to infectious illnesses and public health catastrophes. Because they have the knowledge and resources to handle the expanding demands of the vaccine production industry, contract manufacturing organizations, or CMOs, are essential to this environment. Advancements in vaccine technology, propelled by innovations like genetic engineering, vaccine delivery technology, and proteomics, further contribute to the evolving landscape of the industry. Moreover, the anticipated growth of the market is bolstered by the escalating implementation of strategic initiatives by key industry players, including endeavours such as business expansion, partnerships, and acquisitions. The growing global demand for vaccine contract manufacturing is poised to drive market expansion.

Challenges:
Challenges such as the rising cost of vaccines and insufficient storage infrastructure may impede market growth in the forecast period. Quality assurance and supply chain risk act as substantial impediments to the expansion of the vaccine contract manufacturing market. Upholding consistent vaccine quality is a paramount concern, given vaccines' critical role in safeguarding public health. Any deviations from established quality standards could result in product recalls, regulatory repercussions, and damage to the reputation of contract manufacturing organizations (CMOs). The quest for the highest levels of safety and effectiveness demands rigorous oversight and continual investments in quality assurance protocols, which can prove resource-intensive and time-consuming. Furthermore, the vaccine supply chain remains susceptible to various vulnerabilities, encompassing shortages of essential raw materials, interruptions in transportation networks, and unforeseen global occurrences like pandemics or geopolitical tensions. These hazards can induce delays in vaccine production and distribution, consequently affecting CMOs' capacity to meet the escalating demand.

Regional Trends:
The North America Vaccine Contract Manufacturing Market is expected to register a major market share. The North American market is poised for growth due to the increasing adoption of cutting-edge techniques and systems in vaccine manufacturing, coupled with noteworthy technological advancements in vaccine research and development studies. The region benefits from a population that is highly aware of the availability of vaccines in the market, further contributing to its substantial growth. Besides, Asia Pacific had a considerable market share. The Asia-Pacific region boasts a strong pharmaceutical and biotechnology sector, making it an attractive destination for global vaccine developers seeking economical manufacturing solutions. Moreover, the region is endowed with a proficient workforce and advanced manufacturing capabilities.

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Recent Developments:

• In Oct 2023, Vaxcyte, Inc. and Lonza have recently established a fresh commercial production arrangement. This partnership further facilitates the eventual worldwide commercialization of Vaxcyte's PCV candidates, VAX-24 and VAX-31, in both adults and children. This arrangement enhances Vaxcyte's strategy to leverage Lonza's existing infrastructure for the purpose of accelerating clinical development and facilitating the expected initial introduction of VAX-24 for the adult demographic in the United States.

• In March 2021, Catalent has enhanced its collaboration with Johnson & Johnson to substantially augment the capability for sterile production and packaging of the COVID-19 vaccine in Italy. Catalent and Janssen had already reached an agreement to allocate an already existing vial-filling line at the Anagni factory.

Segmentation of Vaccine Contract Manufacturing Market-

By Vaccine Type
• Attenuated
• Inactivated
• Subunit-based
• Toxoid-based
• DNA-based

By Type of Expression System
• Avian Expression Systems
• Bacterial Expression Systems
• Embryonated Chicken Eggs and Primary Chicken Embryonic Fibroblasts (CEFs)
• Insect Expression Systems
• Mammalian Expression Systems
• Plant Expression Systems
• Yeast Expression Systems
By Workflow
• Downstream
• Upstream

By Application
• Human Use
• Veterinary

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.