Pharmaceutical Industry Today
Biologics CDMO Market Expected to Witness Sustainable Growth over 2024: BIS Research
Biologics Contract Development and Manufacturing Organizations (CDMOs) are key players in the pharmaceutical industry, providing crucial support for developing and manufacturing complex biologic drugs derived from living cells or organisms. These drugs include monoclonal antibodies, vaccines, gene, and cell-based therapies. The market for biologics CDMOs is witnessing significant trends driven by technological advancements and increased research and development activities. Key trends include the growing demand for biologics globally, the rise of biosimilar development, the emergence of cell and gene therapies, and the increasing adoption of single-use technologies in bioprocessing to enhance efficiency and flexibility.
Access Market Insights: Biologics CDMO Market
Biologics CDMO Market Analysis: Drivers, Challenges, and Opportunities
The demand for biologics is driven by several pharmaceutical industry factors. Notably, there's a significant increase in biologics approvals and development, spurred by advancements in biotechnology and expanding therapeutic indications.
The prevalence of chronic infectious diseases is on the rise, further fueling the demand for biologic drugs. Moreover, investing in contract manufacturing facilities offers advantages such as cost-effectiveness and scalability, encouraging pharmaceutical companies to outsource manufacturing processes.
However, stringent regulatory requirements pose challenges and a shortage of skilled professionals in bioprocessing and biomanufacturing. Despite these constraints, opportunities, particularly in emerging markets like China, offer new outsourcing opportunities and the potential for additional alliances between Contract Development and Manufacturing Organizations (CDMOs) and big pharmaceutical firms.
BIS Research released the Biologics Contract Development and Manufacturing Organization (CDMO) market report, which covers 2023 to 2032, with a base year of 2022. In 2022, the market size was $19.00 billion, and it is projected to reach $80.05 billion by 2032, with a compound annual growth rate (CAGR) of 15.43% during the forecast period.
Evaluate Free Sample Report: Download Sample Report
Key Players in the Biologics CDMO Market
• AbbVie Inc.
• AGC Biologics
• Binex Co. Limited
• Boehringer Ingelheim International GmbH
• Catalent, Inc
• Lonza
• Novartis AG
• Parexel International Corporation
• Samsung Biologics
• Toyobo Co., Ltd.
Biologics CDMO Market Segments
Segmentation 1: by Cell Type
• Mammalian
• Microbial and Others
Segmentation 2: by Indication
• Oncology
• Auto-Immune Diseases
• Infectious Diseases
• Neurology
• Others
Segmentation 3: by Molecule Type
• Monoclonal Antibodies
• Recombinant Proteins
• Vaccines
• Hormones
• Others
Segmentation 4: by Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Overview: The global Biologics Contract Development and Manufacturing Organization (CDMO) market is segmented based on cell type, indication, molecule type, and region. In FY2022, the mammalian cell type dominated the market due to its accuracy in replicating complex proteins, especially for monoclonal antibodies. Oncology led the indication segment, reflecting the focus on cancer research and therapies. Monoclonal antibodies were the primary molecule type, favored for their targeted treatment capabilities. China held a significant share in the Asia-Pacific region, poised for the highest growth rate, driven by rising demand and technological advancements, especially in addressing chronic diseases.
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
1.3 Research and Development Review
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.7 Market Dynamics Overview
2.1 Application Segmentation
2.2 Application Summary
3.1 Product Segmentation
3.2 Product Summary
4.1 Regional Summary
To Evaluate Report Coverage: Access Full TOC
Other Related Reports from BIS Healthcare
Organ Transplant Diagnostics Market
Analyst Take on the Biologics CDMO Market
BIS Principal Analyst: New entrants in the biologics CDMO market can gain a competitive edge by investing in cutting-edge technologies and advanced facilities for bioprocessing and analytics to ensure efficient production. Emphasizing flexibility and scalability in manufacturing processes will attract clients with diverse needs. Developing expertise in emerging areas like cell and gene therapies, biosimilars, and personalized medicine can establish the company as an industry leader. This report is valuable for CDMOs/CROs/CMOs producing biologics, biologics manufacturers, pharmaceutical companies, and new entrants seeking insights into opportunities in the biologics CDMO market.
About BIS Research
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.
Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
Contact
Head of Marketing
Email: media@bisresearch.com
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT, CA 94538-1686
Visit our Blog @https://bisresearch.com/insights
Get Expert Insights @https://community.insightmonk.com
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch
Share on Social Media
Other Industry News
Ready to start publishing
Sign Up today!