Global Biopharmaceutical Contract Manufacturing Market Anticipated to Grow Rapidly by 2023
Biopharmaceuticals are also known as biologics. Biopharmaceutical products are pharmaceutical drugs that are synthesized, processed, or extracted from biological sources. Biopharmaceuticals include vaccines, blood products, recombinant therapeutic proteins, allergens, gene therapies, tissues and living cells used in cell therapy. Many companies outsource the manufacturing of biopharmaceuticals due to lack of manufacturing capabilities or in order to reduce the cost of manufacture process. Contract manufacturing organizations offer a wide range of services such as cell line development, process optimization, fermentation biotechnology, analytical characterization, cGMP manufacturing, and validation in each stage of clinical development and commercialization.
Biopharmaceutical contract manufacturing market is mainly driven by increase in investment of the pharma and biotechnological companies to develop and commercialize the biotechnological products. In addition, high revenue generation of blockbuster biological drugs such as humira, rituxan, lantus, avastin, herceptin and remicade are gaining traction from many biologics manufacturers. Advancements in the biotechnology such as recombinant DNA technologies and targeted drug therapies are expected to bolster the biopharmaceutical contract manufacturing market over the forecast period. Furthermore, to meet demand for biological products, companies are outsourcing the biopharmaceutical manufacturing to various contract manufacturing companies. However, high cost associated with manufacture and stringent regulatory requirements are expected to hamper the growth of biopharmaceutical contract manufacturing market.
Biopharmaceutical contract manufacturing market segmented based on manufacturing process, type of services, molecule type and end user
Based on manufacturing process, biopharmaceutical contract manufacturing market is segmented into
Mammalian Based
Microbial Based
Insect Based
Plant Based
Yeast Based
Others
Based on type of service, biopharmaceutical contract manufacturing market is segmented into
Formulation
Fill and Finish services
Cell Banking
Analytical Services
Process development
Others
Based on molecule type, biopharmaceutical contract manufacturing market is segmented into
Large Molecules
Small Molecules
Request Sample Report at https://www.wiseguyreports.com/sample-request/2753910-global-biopharmaceutical-contract-manufacturing-market-2012-to-2023
Based on end-user, biopharmaceutical contract manufacturing market is segmented into
Biopharmaceutical Companies
Pharmaceutical Companies
Research Organizations
Others
Global biopharmaceutical contract manufacturing market is expected to grow at a significant rate during the forecast period. The market is highly competitive where the speed to market is imperative along with efficient process and low costs. Biopharmaceutical contract manufacturing services providers are increasing their service offerings such as formulation, production and analytical services apart from conventional services to provide complete support for biopharmaceutical companies. Cost considerations and quick services are expected continue to drive the outsourcing of biopharmaceutical contract manufacturing market. In May 2017, Lonza Group Ltd. acquired cell and gene contract manufacturer PharmaCell B.V., this acquisition broadens Lonza’s capabilities in Europe region. Companies expanding the manufacturing facilities to increase market share. For instance, In May 2017, Boehringer Ingelheim GmbH started a new manufacturing facility in China to increase their manufacturing capacity. Through this facility company’s manufacturing capacity will increase by one-third.
Geographically biopharmaceutical contract manufacturing market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to be leading in biopharmaceutical contract manufacturing owing to increased approvals of biosimilars and increase in biopharmaceutical research organization which are lack of manufacturing facilities. In Asia-Pacific region, emerging countries such as China and India expected to grow at a rapid rate owing to low cost of manufacturing. Development of biologics pipeline by domestic companies expected to drive the growth of biopharmaceutical contract manufacturing in China.
Some of the players in biopharmaceutical contract manufacturing market are Lonza Group Ltd. (Switzerland), Boehringer Ingelheim GmbH (Germany), Charles River Laboratories, Inc. (U.S), Novartis AG (Switzerland) WuXi AppTec Group (China), Rentschler Biotechnologie GmbH (Germany), Fujifilm Holdings Corporation (Japan), Celonic AG (Switzerland), BIOMEVA GmbH (Germany), and ProBioGen AG (Germany) to name a few.
In June 2016, Moderna Therapeutics and Charles River Laboratories International, Inc., an early-stage contract research organization (CRO), are collaborated to support Moderna’s nonclinical discovery and development efforts.
Report Outline:
The report provides granular level information about the market size, regional market share and forecast from 2017-2023
The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
The report tracks recent innovations, key developments and startup’s details that are working in the industry
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Table of Content
- Executive Summary
- Global Biopharmaceutical Contract Manufacturing Market Introduction
- Global Biopharmaceutical Contract Manufacturing Market Dynamics
- Global Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023
- Global Biopharmaceutical Contract Manufacturing Market, By Manufacturing Process, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Global Biopharmaceutical Contract Manufacturing Market Forecast, By Type of Service, 2012 – 2016 and Forecast, 2017 – 2023
- Global Biopharmaceutical Contract Manufacturing Market Forecast, By Molecule Type, 2012 – 2016 and Forecast, 2017 – 2023
Paid Portal PR Link :
https://www.medgadget.com/2019/01/global-biopharmaceutical-contract-manufacturing-market-anticipated-to-grow-rapidly-by-2023.html- Global Biopharmaceutical Contract Manufacturing Market Forecast, By End – Use, 2012 – 2016 and Forecast, 2017 – 2023
- Global Biopharmaceutical Contract Manufacturing Market Forecast, By Region, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- North America Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Europe Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Asia-Pacific Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Latin America Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2012 – 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Middle East and Africa Biopharmaceutical Contract Manufacturing Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn)
- Competition Landscape
- Research Methodology
- Key Assumptions and Acronyms
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
Replies