The Vaccine Contract Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vaccine Contract Manufacturing Global Market Report 2024, The vaccine contract manufacturing market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to traditional vaccine manufacturing limitations, global disease outbreaks driving vaccine demand, regulatory support for contract manufacturing, increasing complexity of vaccine production, surge in vaccine research and development..
The vaccine contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $5.32 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing emphasis on pandemic preparedness, increased outsourcing in pharmaceutical manufacturing, expansion of biopharmaceutical companies, accelerated vaccine development timelines, global initiatives for vaccine accessibility. Major trends in the forecast period include integration of single-use technologies in manufacturing, rise in personalized medicine approaches to vaccine development, development of mrna and viral vector vaccines, adoption of continuous manufacturing processes, expansion of fill-finish services.
An increase in initiatives favoring vaccinations is expected to propel the growth of the vaccine contract manufacturing market going forward. Vaccination refers to an easy, safe, and efficient method of defending against contagious diseases before they occur. It boosts the immune system and builds up the body's defenses against infections. Increasing initiatives favoring vaccinations would help advance and develop various vaccine manufacturing processes to support vaccine contract manufacturing. For instance, in November 2022, the U.S. Department of Health and Human Services, a US-based cabinet-level executive branch department of the federal government, announced a new $350 million initiative for HRSA (Health Resources and Services Administration)-supported health facilities to boost the number of COVID-19 vaccines in their communities, with an emphasis on marginalized people. Therefore, the increase in initiatives favoring vaccinations is driving the growth of the vaccine contract manufacturing market.
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The vaccine contract manufacturing market covered in this report is segmented –
1) By Service Type: Fill-Finish, Bulk Product
2) By Vaccine Type: Inactivated Vaccines, Live-Attenuated Vaccines, RNA (Ribonucleic Acid) Vaccines, Subunit Vaccines, Toxoid-Based Vaccines
3) By Process: Downstream, Upstream
4) By Scale Of Operation: Preclinical, Clinical, Commercial
5) By End-Use: Human Use, Veterinary
Top Major Players
Pfizer Inc.
Johnson & Johnson
AbbVie Inc.
Sanofi
GlaxoSmithKline
Strategic partnerships are a key trend gaining popularity in the vaccine contract manufacturing market. Significant companies are partnering with the companies operating in the vaccine contract manufacturing market to sustain their position in the market. For instance, in January 2023, Vaxxas, an Australia-based biotechnology company that develops a novel needle-free vaccination technology, partnered with the Coalition for Epidemic Preparedness Innovations, a Norway-based foundation, to finance and coordinate the development of new vaccines and promote the development of Vaxxas' needle-free vaccine patch delivery technology in a project that may eliminate the frozen storage requirement for mRNA vaccines. Furthermore, in January 2021, Novartis AG, a Switzerland-based pharmaceutical company operating in the vaccine contract manufacturing market, partnered with Pfizer Inc., a US-based pharmaceutical company, and BioNTech SE, a Germany-based biotechnology company, to provide manufacturing capacity for the Pfizer-BioNTech COVID-19 vaccine. This partnership helps Novartis take bulk mRNA active ingredients from BioNTech and fill them into vials under aseptic conditions for shipment back to BioNTech for distribution to the healthcare system.
The vaccine contract manufacturing market report table of contents includes:
1. Executive Summary
2. Vaccine Contract Manufacturing Market Characteristics
3. Vaccine Contract Manufacturing Market Trends And Strategies
4. Vaccine Contract Manufacturing Market - Macro Economic Scenario
5. Global Vaccine Contract Manufacturing Market Size and Growth
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32. Global Vaccine Contract Manufacturing Market Competitive Benchmarking
33. Global Vaccine Contract Manufacturing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vaccine Contract Manufacturing Market
35. Vaccine Contract Manufacturing Market Future Outlook and Potential Analysis
36. Appendix
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Stringent regulatory standards combined with significant fixed costs, and production & development related complications, have partial competition between vaccine producers.
In addition, the trend of subcontracting has developed significantly in the biopharmaceuticals manufacturing.
Factors such as decreased time to market, cost benefits in infrastructure, and operational benefits are the major factors driving the growth of the global vaccine contract manufacturing market.Request COVID Analysis on Vaccine Contract Manufacturing Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=37100 The development of vaccines involves specified resources and supervised technology platforms, which are becoming progressively problematic to start in-house.
On the other hand, emerging and smaller players are subcontracting a comparatively larger share of their scientific and commercial development processes to contract manufacturing partners.
CMOs are increasing their service ranges to deliver end-to-end facilities to sponsors and clients in order to strengthen their existence in the market.
In terms of vaccine type, the market is divided into synthetic vaccines, toxoid vaccines, recombinant vector vaccines, inactivated vaccines, conjugate vaccines, live attenuated vaccines, and subunit vaccines.
Global Vaccine Contract Manufacturing Market size is expected to reach USD 4.0 billion by 2025, A vaccine provides active acquired immunity to a disease.
Vaccine manufacturing is a complex process, in which effectivity, safety and consistency are the most important part for the manufacturers.
The growing demand for vaccine development from the private sector as well as governments in developing and industrialized countries is expected to witness significant growth of the market in the coming years.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/vaccine-contract-manufacturing-market/request-sampleIn the market, various types of vaccines are available such as inactivated vaccines, attenuated vaccines, toxoid-based vaccines, subunit-based vaccines, DNA-based vaccines, recombinant vector vaccines, synthetic vaccines and others.
The single vaccine such as influenza virus, ebola virus, chickenpox, smallpox, polio, tetanus, tuberculosis and others could be explored in vaccine contract manufacturing industry.
The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing pharmaceutical industry, increase in the number of countries demanding the introduction of vaccines, stringent government rules & regulations and increasing awareness about vaccination & its benefits in developing countries.
The “downstream” segment is expected to witness significant growth in the coming years owing to the robust demand for downstream processing and sophisticated equipment for efficient product recovery.North America is accounting large market share in the years to come owing to widespread manufacturing of vaccines in this region, coupled with growing presence of large number of biopharmaceutical facilities.
