Biopharmaceuticals Contract Manufacturing Market Size, Share, Growth, Trends and Forecast Report, 2018 to 2025
The global biopharmaceuticals contract manufacturing market size was valued at USD 12.14 billion in 2017 and is projected to exhibit a CAGR of 7.5% during the forecast period.
(firmenpresse) - The global biopharmaceuticals contract manufacturing market size is expected to reach USD 21.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% during the forecast period. Growing biopharmaceutical pipeline and lack of adequate manufacturing capabilities are two key factors driving partnerships between large molecule manufacturers and contract manufacturing organizations (CMOs). Contract manufacturers are engaged in broadening their service portfolio to meet companies’ demand with respect to regulatory standards and new services.
Reliance of companies on CMOs for production of biologics and biosimilars is expected to rise over the forecast period as a consequence of changes adopted by CMOs. This is evident through growing investments in collaborations of companies with CMOs as well as continuous efforts taken up for broadening service portfolios.
The growth of CMOs is highly dependent on promising opportunities offered by the biopharmaceutical industry, bioprocessing industry, and contract service industry. Expansion of fill-and-finish services and increasing robustness of venture capital investments in the life science sector are important opportunities that are anticipated to drive the market.
Further key findings from the report suggest:
•Based on source, mammalian-based biopharmaceutical contract manufacturing captured the largest market share owing to high penetration of mammalian expression systems for biologics development
•By service, upstream and downstream services accounted for the largest revenue share. Complexities associated with these steps pronounces demand for established contract manufacturers to ensure manufacturing processes compliant with regulatory standards
•Biologics contract manufacturing dominated the market based on product owing to higher demand for biologics production. However, the biosimilar segment is slated to exhibit a lucrative CAGR due to cost-saving advantages associated with its development
•Presence of effective regulatory framework for biologics development in U.S. has resulted in North America market accounting for the dominant share in 2017. However, Asia Pacific is expected to emerge as the fastest growing regional market, with developing economies expanding at a substantial pace and incorporating developments to sustain the competition
•Several international companies are seeking outsourcing of biopharmaceutical production to Asian countries owing to continuous expansion of Asian CMOs that offer services at a reduced price, compared to service providers based in western countries
•Some of the key service providers are Boehringer Ingelheim GmbH; Lonza; Samsung BioLogics; and FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
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Unternehmensinformation / Kurzprofil:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 26.02.2020 - 11:25 Uhr
Sprache: Deutsch
News-ID 607970
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Typ of Press Release: Financial
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Date of sending: 26.02.2020
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