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Biopharmaceutical Contract Market: Development is Changing Business Needs

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Ganesh Shinde
Biopharmaceutical Contract Market: Development is Changing Business Needs

The global Biopharmaceutical Contract Manufacturing Market is expected to be worth around US$ 8.4 billion in 2021, growing at a CAGR of 10.5% to US$ 18.7 billion by 2029.

Biopharmaceutical manufacturing companies offer benefits such as shorter overall time to market for new drugs, access to expensive technologies, and greater flexibility. A number of large corporations have outsourced their biopharmaceutical manufacturing operations as a result of these factors. Biopharmaceutical companies with limited in-house production capacity prefer contract manufacturing of biopharmaceuticals.

Pharmaceutical companies prioritise core competencies and, as a result, prefer not to take financial risks when determining the final dose of medications. This is expected to fuel the global biopharmaceutical contract manufacturing market, which is expected to be worth US$ 18.7 billion by 2029.

Key Market Segments Covered in Biopharmaceutical Contract Manufacturing Industry Research:

By Platform Type:

  • Mammalian Based
  • Microbial Based

By Product Type:

  • Monoclonal Antibodies
  • Recombinant Protein
  • Vaccine
  • Insulin
  • Growth factor
  • Interferons
  • Others

By Application Type:

  • Clinical
  • Commercial

By Therapeutic Area Type:

  • Autoimmune Diseases
  • Oncology
  • Metabolic Diseases
  • Ophthalmology
  • Cardiovascular Diseases
  • Infectious Diseases
  • Neurology
  • Respiratory Disorders
  • Others

Read More@ https://www.futuremarketinsights.com/reports/biopharmaceutical-contract-manufacturing-market

Key Takeaways of Biopharmaceutical Contract Manufacturing Market Study

  • Although microbial-based platforms are widely used for pharmaceutical production, mammalian-based cell culture is expected to gain traction due to increased efficiency and rising demand during the forecast period.
  • Monoclonal antibodies currently hold a larger share of the biopharmaceutical contract manufacturing market due to their superior efficacy and increasing adoption for the treatment of chronic diseases.
  • North America is expected to be the most profitable region in the global biopharmaceutical contract manufacturing market, which will provide opportunities for market participants.
  • Commercial applications of biopharmaceutical contract manufacturing are expected to outnumber clinical applications by the end of 2029.

Key Market Players:

  • Catalent Inc.
  • Lonza Group Ag
  • Patheon N.V. (Thermo Fisher Scientific Inc.)
  • Abzena Plc.
  • Sandoz International GmbH (Novartis AG)
  • Fujifilm Diosynth Biotechnologies (FUJIFILM Holdings)
  • Baxter Pharmaceutical Solutions LLC (Baxter Inc.)
  • AbbVie Contract Manufacturing (AbbVie Inc.)
  • Samsung Biologics Co. Ltd.
  • ProBioGen AG
  • Pfizer Centre Source Ltd (Pfizer Inc.)
  • Novasep
  • Biomeva GmbH
  • Kbi Biopharma Inc
  • Rentschler Biotechnologie GmbH
  • Ajinomoto Althea Inc. (Ajinomoto Co., Inc.) 


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Ganesh Shinde
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