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Biopharmaceuticals Contract Manufacturing Market Trends That Will Shape the Next Decade: Insights from Product Innovations Drive Growth In Biopharmaceutical Contract Manufacturing Market
Biopharmaceuticals Contract Manufacturing
How Large Will the Biopharmaceuticals Contract Manufacturing Market Size By 2025?
Over the past few years, the biopharmaceuticals contract manufacturing market has experienced a quick surge in its size. It is anticipated to expand from $20.13 billion in 2024 to $22.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.3%. The prior growth can be credited to factors such as the upsurge in biopharmaceutical innovations, cost-effectiveness and risk management, an expanding lineup of biologics, the globalization of the biopharmaceutical sector, and adaptable manufacturing solutions.
How Big Is the Biopharmaceuticals Contract Manufacturing Market Size Expected to Grow by 2029?
Anticipations are high for a swift expansion of the biopharmaceuticals contract manufacturing market in the ensuing years. It is projected to mushroom to "$33.75 billion by 2029, with a compound annual growth rate (CAGR) of 11.0%. The escalation during the predicted period is creditable to the growing trend of outsourcing, biosimilar production, reduced time-to-market prerequisites, worldwide market development, and an emphasis on specialized services. Major trends to observe during this forecast period encompass the incorporation of technology, enlargement of outsourcing beyond large molecules, the acceptance of advanced manufacturing technologies, a focus on quality and compliance, and the rise in biosimilar manufacturing.
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Which Key Market Drivers Powering Biopharmaceuticals Contract Manufacturing Market Expansion and Growth?
The surge in preference for individualized medical treatments is expected to push the biopharmaceutical contract manufacturing market towards expansion in the future. Tailored medication is a health management plan customized according to each patient's inherent traits such as genetics, environment, and lifestyle, aimed at improving the effectiveness and results of treatments. The escalating demand for such medication is facilitated by factors like progress in genomics, patients taking charge of their treatments, and heightened efficiency of treatments. Contract manufacturing firms can develop specialized manufacturing processes to suit the unique needs of tailored therapies, fitting small batches and exclusive formulations. For example, as reported by the Personalized Medicine Coalition, a not-for-profit organization based in the U.S, in February 2024, 16 unique personal therapies for patients suffering from rare diseases were greenlit by the FDA in 2023, a remarkable increase from six approvals in 2022. Hence, this soaring preference for individualized medical treatments propels the expansion of the biopharmaceutical contract manufacturing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Biopharmaceuticals Contract Manufacturing Market?
Innovations in product development is a trend that is gaining prominence in the biopharmaceutical contract manufacturing arena. Leading organizations in the biopharmaceutical contract manufacturing industry are creating novel products to uphold their market status. As an illustration, Thermo Fisher Scientific, a U.S. biotechnology research firm, collaborated with Elektrofi, an American biotechnology company focussed on innovation in drug formulation and delivery, on a strategic contract manufacturing agreement in February 2023. This partnership is focused on facilitating the commercial-scale production of Elektrofi's revolutionary ultra-high concentration subcutaneous products. This unique microparticle technology from Elektrofi paves the way for small-volume injections of items such as monoclonal antibodies, therapeutic proteins, and other sizeable medications that are crucial for human health. Elektrofi's groundbreaking approach lets patients self-administer their medications at home, negating the need for hospital visits, and successfully addressing the challenges linked to administering biology-based drugs.
What Are the Emerging Segments in the Biopharmaceuticals Contract Manufacturing Market?
The biopharmaceuticals contract manufacturing market covered in this report is segmented -
1) By Product: Biologics, Monoclonal Antibodies (MABs), Recombinant Proteins, Vaccines, Antisense, RNAi, And Molecular Therapy, Biosimilars
2) By Source: Mammalian, Non-mammalian
3) By Service: Process Development, Fill And Finish Operations, Analytical And QC studies, Packaging
4) By Application: Clinical, Commercial
Subsegments:
1) By Biologics: Enzymes, Hormones, Antibodies
2) By Monoclonal Antibodies (MABs): Human MABs, Chimeric MABs, Murine MABs
3) By Recombinant Proteins: Insulin, Growth Factors, Cytokines
4) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines
5) By Antisense, RNAi, And Molecular Therapy: Antisense Oligonucleotides, RNA Interference Products, Gene Therapies
6) By Biosimilars: Biosimilar Monoclonal Antibodies, Biosimilar Insulin, Biosimilar Growth Hormones
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Who Are the Global Leaders in the Biopharmaceuticals Contract Manufacturing Market?
Major companies operating in the biopharmaceuticals contract manufacturing market include 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 dic*kinson and Company, Polyphor Ltd., Patheon Inc., Alcami Corporation
Which are the Top Profitable Regional Markets for the Biopharmaceuticals Contract Manufacturing Industry?
North America was the largest region in the biopharmaceutical contract manufacturing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global biopharmaceuticals contract manufacturing market forecast period. The regions covered in the biopharmaceuticals contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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