A prominent research firm, Cognizance Market Research added a cutting-edge industry report on the “Global Biologics Contract Manufacturing Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.
Global Biologics Contract Manufacturing Market Analysis
According to cognizance market research, The Global Biologics Contract Manufacturing Market was valued at US$ 13,467.6 Million in 2022 and is anticipated to reach US$ 29,034.2 Million by the end of 2030 with a CAGR of 10.1% from 2023 to 2030.
What is Biologics Contract Manufacturing?
Biologics, which encompass proteins, antibodies, and gene therapies, represent a distinct class of pharmaceuticals derived from living cells or organisms. Unlike conventional medications produced through chemical synthesis, biologics are notably intricate due to their origin. These therapeutic agents find prominent utility in addressing complex diseases such as cancer, autoimmune disorders, and rare genetic conditions.
Biologics contract manufacturing involves the production of materials utilized in medical imaging modalities such as X-rays, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound. These contract agents, administered through injection, ingestion, or inhalation, serve to enhance the visibility of internal bodily structures during various imaging procedures.
The manufacturing process for biological contract agents commonly harnesses recombinant DNA technology, which leverages living cells to generate these agents. These agents can comprise proteins or antibodies engineered to selectively target and bind to specific areas within the body, thus augmenting the precision and accuracy of imaging outcomes.
The production of biological contract agents entails a multi-faceted process encompassing cell culture, purification, and formulation. The product must conform to stringent standards of quality and purity, devoid of impurities and contaminants, to meet stringent regulatory prerequisites prior to being considered suitable for medical applications.
Global Biologics Contract Manufacturing Market Outlook
The outlook section of the biologics contract manufacturing market report encompasses critical market dynamics, including drivers, restraints, opportunities, and challenges shaping the industry’s landscape. Opportunities and challenges are external factors, while drivers and restraints are intrinsic factors that influence the market’s trajectory.
The biopharmaceutical sector is experiencing a notable surge in sales, accompanied by an expanding pharmaceutical pipeline. This surge has fueled the demand for biologics clinical development and manufacturing services, spanning from pre-clinical stages to full-scale commercial production. Notably, this demand is evidenced by the evaluation of over 3,500 recombinant proteins and antibodies in various pre-clinical and clinical studies, including those that have secured regulatory approval.
A noteworthy trend is the increasing generation of pipeline compounds by small and emerging biotech companies. Often lacking internal manufacturing capacity and expertise, these entities are inclined towards outsourcing to expedite bringing their prospects to market. This emerging segment of biopharma firms currently constitutes around 80% of the new product pipeline.
Market leaders are actively investing in research and development endeavours to craft innovative pharmaceutical solutions. This is driven by the burgeoning demand for technologically advanced products capable of effectively treating a diverse array of medical conditions.
Recent intensive research into novel and combination therapies has underscored the efficacy of biologics in addressing a wide spectrum of chronic diseases, encompassing cancer, rheumatoid arthritis, macular degeneration, and haematological malignancies.
Biologics, a class of medications synthesized from live cells, have emerged as pivotal tools for treating both common ailments and serious diseases like cancer, diabetes, rheumatoid arthritis, and autoimmune disorders. Their potency and targeted mechanism of action have propelled their widespread application across various disease treatments.
Unlike traditional small-molecule compounds characterized by simple chemical structures, biologic medications—often referred to as large molecules—are intricate proteins manufactured within living cells. The inherent complexity of producing biologics, exemplified by monoclonal antibodies, translates into elevated production costs. As a consequence, the market’s global growth trajectory within the forecasted period may encounter limitations due to the high production costs associated with biologic medications.
The biologics contract manufacturing market has been segmented into type, source, therapeutic area and region.
Based on type, the biologics contract manufacturing market has been segmented into monoclonal antibodies, recombinant proteins, vaccines, insulin, interferons, growth factors and others. The monoclonal antibodies segment dominated the biologics contract manufacturing market. The extensive use of MABS’s products in several therapeutic fields is responsible for the segment’s rapid expansion. Cancer, chronic Hepatitis B (HBV) infection, infectious disorders, and autoimmune diseases including rheumatoid arthritis are all treated with the medications made by MABs.
Based on source, the market for biologics contract manufacturing is classified into mammalian, microbial and others. The mammalian source sector took over as the leading industry. The primary advantage of employing mammalian cells for protein production and producing mammalian proteins with appropriate post-translational modifications that provide a native structure is the reason behind this.
Based on therapeutic area, the biologics contract manufacturing market has been bifurcated into oncology, autoimmune disease, metabolic disease, ophthalmology, cardiovascular disease, neurology, respiratory disorder and others. The oncology segment is the leading one in the biologics contract manufacturing market. It is anticipated to continue dominating during the forecast period. The high costs of medication development, an increase in cancer cases, and FDA restrictions requiring biologic drugs to be developed more quickly are all factors contributing to the category growth.
Based on geography the global biologics contract manufacturing market has been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
North America holds a commanding position in the market, driven by a combination of strategic partnerships, acquisitions, and escalating demand for specialized testing services. The burgeoning trend of outsourcing and intensified clinical trial activities within the region has notably contributed to the growth of contract development organizations (CDOs). The prevalence of chronic diseases and the aging population further amplifies the demand for clinical trials in North America, thereby providing substantial impetus for market expansion.
Looking ahead, the Asia Pacific region is poised to witness an upsurge in the market for biologics contract development. This projection is underpinned by the multitude of regulatory organization revisions that have aligned standards for clinical trial review with global requirements. Consequently, biotechnology enterprises have initiated significant investments within the Asia-Pacific region, contributing to the region’s promising growth prospects.
The report offers the revenue of the biologics contract manufacturing market for the period 2020-2030, considering 2020 & 2021 as a historical years, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the biologics contract manufacturing market for the forecast period. The biologics contract manufacturing market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the biologics contract manufacturing market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the biologics contract manufacturing market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the biologics contract manufacturing market. Secondary research involved a detailed analysis of significant players’ product portfolios. Literature reviews, press releases, annual reports, white papers, and relevant documents have been also studied to understand the biologics contract manufacturing market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segments included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the biologics contract manufacturing market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the biologics contract manufacturing market. The subsequent section of the biologics contract manufacturing report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.
Global Biologics Contract Manufacturing Market Competitive Landscape
The “Global Biologics Contract Manufacturing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as –
Key developments in the biologics contract manufacturing market-
The report explores the competitive scenario of the biologics contract manufacturing market. Major players operating in the biologics contract manufacturing market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the biologics contract manufacturing market report.
Global Biologics Contract Manufacturing Market, by Type
Global Biologics Contract Manufacturing Market, by Source
Global Biologics Contract Manufacturing Market, by Therapeutic Area
Global Biologics contract manufacturing Market, by Region
Drugs known as biologics, including proteins, antibodies, and gene treatments, are created from living cells or other species. As opposed to conventional medications, which are chemically synthesised, they are often more complex. Treatments for complicated diseases like cancer, autoimmune conditions, and unusual genetic disorders frequently involve the use of biologics.
The major players operating in the biologics contract manufacturing market include Abzena Ltd, AGC Biologics, Ajinomoto Bio-Pharma, Avid Bioservices, Inc; Bionova Scientific Inc, BioXcellence (Boehringer Ingelheim Biopharmaceuticals GmbH), Curia Global, Inc., Fujiifilm Diosynth Biotechnologies, Genscript, KBI Biopharma, LakePharma, Lonza, STC Biologics, Samsung Biologics, Thermo Fisher Scientific Inc., and WuXi Biologics.
An increase in biopharmaceutical sales and pipeline drugs, and demand for the development of newer and technologically enhanced products are some of the factors driving the biologics contract manufacturing market.
The oncology segment is expected to dominate the biologics contract manufacturing market. It is anticipated to continue dominating during the forecast period. The high costs of medication development, an increase in cancer cases, and FDA restrictions requiring biologic drugs to be developed more quickly are all factors contributing to the category growth.
The monoclonal antibodies segment is anticipated to dominate the biologics contract manufacturing market. The extensive use of MABS’s products in several therapeutic fields is responsible for the segment’s rapid expansion. Cancer, chronic Hepatitis B (HBV) infection, infectious disorders, and autoimmune diseases including rheumatoid arthritis are all treated with the medications made by MABs.
Biologics Contract Manufacturing Market
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