Pharmaceutical Industry Today

$ 25,497.26 MN Biopharmaceuticals Contract Manufacturing Market 2020: Top Companies Samsung Biologics, Inno Biologics Ventures, Ajinomoto, WuXi Biologics

The Biosimilars Segment by Product is expected to grow at A Fast Pace over the Forecast Period.
Published 25 November 2020

According to The Insight Partners market research study of ‘Biopharmaceuticals Contract ManufacturingMarketto 2027 – Global Analysis and Forecasts by Product, and Service.’ The global biopharmaceuticals contract manufacturing market is expected to reach US$ 25,497.26Mn in 2027 from 13,727.13Mn in 2019. The market is estimated to grow with a CAGR of 8.2% from 2020-2027. The report provides trends prevailing in the global biopharmaceuticals contract manufacturing market and the factors driving market along with those that act as hindrances.
 

Leading companies operating in the biopharmaceuticals contract manufacturing market are Lonza Group AG, Boehringer Ingelheim International GmbH, Inno Biologics Ventures Sdn Bhd,Thermo Fisher Scientific, AbbVie Inc., and WuXi Biologics, General Electric, Samsung Biologics, Merck KGaA, Ajinomoto Co., Inc. among others.

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The global biopharmaceuticals contract manufacturing market, based on the product, is segmented into biologics and biosimilars.The biologicssegment held the largest share of the market in 2019. Whereas, the biosimilar segment is estimated to register the highest CAGR in the market during the forecast period owing to increasing demand of biologics, increasing research activities in niche markets and growing biologics pipeline. Moreover, many big pharmaceutical companies prefer contract manufacturers to scale up their production and manage operating expenses.

The contract manufacturing market for biologics is growing at an unprecedented rate owing to increasing biologics pipeline, manufacturing complexity, and companies shifting their focus towards core activities. Presently, many pharmaceutical and biotechnology companies outsource varied services from early-stage drug development to commercial-scale manufacturing. The outsourcing is required to expedite research and development, speed up market entry, give access to novel technologies, regulatory expertise, and reduces risks at a competitive cost. Complexities in biologics development and production and increasingly stringent quality standards have driven drug manufactures to prefer contract manufacturer services. Moreover, many companies are opting CMOs services to speed up the development process and lower production costs. For instance, in 2019, Dyadic International, Inc. agreed with Luina Bio Pty Ltd for the development and commercialization of its specific targeted antigen and biological products.

An outline of the regional analysis:

  • Geographically, the report segments the In Biopharmaceuticals Contract Manufacturing market into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
  • Contribution of each region to the overall market share, along with their growth rate forecast are mentioned in the report.
  • Total sales and revenue generated by each regional market are illustrated.
  • Comprehensive assessment of all opportunities and risks in the In Biopharmaceuticals Contract Manufacturing market.

Table of Contents – Major Key Points

Section 1 Biopharmaceuticals Contract Manufacturing Definition
Section 2 Global Biopharmaceuticals Contract Manufacturing Market Major Player Share and Market Overview
Section 3 Major Player Biopharmaceuticals Contract Manufacturing Business Introduction
Section 4 Global Biopharmaceuticals Contract Manufacturing Market Segmentation (Region Level)
Section 5 Global Biopharmaceuticals Contract Manufacturing Market Segmentation (Type Level)
Section 6 Global Biopharmaceuticals Contract Manufacturing Market Segmentation (Industry Level)
Section 7 Global Biopharmaceuticals Contract Manufacturing Market Segmentation (Channel Level)
Section 8 Biopharmaceuticals Contract Manufacturing Market Forecast 2020-2025
Section 9 Biopharmaceuticals Contract Manufacturing Segmentation Type
Section 10 Biopharmaceuticals Contract Manufacturing Segmentation Industry

Continued..

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