Global Biopharmaceuticals Contract Manufacturing Market

Biopharmaceuticals Contract Manufacturing Market Size, Share, Growth Analysis, By Source(Mammalian, Non-mammalian), By Service(Process Development, Fill & Finish Operations, Packaging, others), By Product Type(Interferon, Monoclonal Antibodies, Protein, Vaccines), By Therapeutic Applications(Oncology, Cardiovascular Diseases, Others), By Region - Industry Forecast 2024-2031


Report ID: SQSG35H2019 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 120 | Figures: 77

Biopharmaceuticals Contract Manufacturing Market Dynamics

Biopharmaceuticals Contract Manufacturing Market Drivers

  • Increasing Demand for Biological Therapies

Continuously rising generics demand, rising research & developments activities, and growing investments in advanced technologies are major factors expected to drive the growth of the global biopharmaceuticals market over the forecast period. Moreover, increasing demand for biological therapies and expansion in nuclear medicine sector coupled with the higher emphasis on specialty medicines are some others factors projected to have a positive impact on the global market over the coming years.

Biopharmaceuticals Contract Manufacturing Market Restraint

  • Various Associated Issues Hampering Market Growth

Various issues associated with the biopharmaceutical manufacturing process such as labelling issues, packaging issues, and sterilization problems are expected to be the major restraining factors for the growth of the global biopharmaceuticals contract manufacturing market during the forecast period. Additionally, lack of consumer trust and process knowledge are also likely to hamper the market growth in the coming years.

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FAQs

Biopharmaceuticals Contract Manufacturing Market size was valued at USD 17 billion in 2019 and is poised to grow from USD 17.88 billion in 2023 to USD 28.22 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

biopharmaceuticals contract manufacturing market is consolidated in nature with the presence of several large market players operating across the globe. And, in terms of market share, top 5 players of the market are dominating the market including Boehringer Ingelheim, JSR Pharma, and Inno Biologics Sdn Bhd. These players are highly focusing on few business developing strategies including collaborations, mergers, new product innovations, and advance technology adoption to expand their geographical presence and product offerings. 'Boehringer Ingelheim GmbH', 'Catalent', 'Lonza Group AG', 'Thermo Fisher Scientific Inc.', 'Samsung BioLogics Co. Ltd.', 'Fujifilm Diosynth Biotechnologies', 'WuXi Biologics (Cayman) Inc.', 'AbbVie Inc.', 'AGC Biologics', 'Baxter BioPharma Solutions', 'Biocon Ltd.', 'Cytovance Biologics Inc.', 'Eurofins Scientific SE', 'Genscript Biotech Corporation', 'Grifols SA', 'Innovent Biologics (Suzhou) Co. Ltd.', 'JSR Corporation', 'KBI Biopharma Inc.', 'Merck KGaA', 'Novasep Holding SAS'

Increasing Demand for Biological Therapies

Introduction of AI Boosting Biopharmaceuticals Contract Manufacturing Market Growth

Globally, North America region dominated the biopharmaceuticals contract manufacturing with a holding of strong market share in 2021 due to the large number of biomanufacturing facilities in the United States. Additionally, interventions & conferences conducted in the North America for pertinent developing technologies and major issues in applications of biologics for the better treatment of several chronic disorders are likely to fuel the adoption of contract manufacturing services in the region over the coming years.

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Global Biopharmaceuticals Contract Manufacturing Market

Report ID: SQSG35H2019

$5,300
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