The development and manufacturing processes opted by biologics CMO are complex, and usually require advanced capabilities and specialized expertise. This has led many stakeholders in the industry to outsource significant parts of their business operations to biopharma contract manufacturing service providers. The ‘Biopharmaceutical Contract Manufacturing Market (2nd edition), 2017 – 2027’ report provides an extensive study of the biopharma contract manufacturing market for biologics.Some of the most interesting insights from our study are presented below.
The Landscape Of Biopharma Contract Manufacturing Is Steadily Evolving Outsourcing activities have grown significantly within the biopharmaceuticals domain; we came across 216 companies offering contract manufacturing services.
CMOs Have Expanded Their Service Portfolios To Stay Competitive In order to maintain a competitive edge in the growing biopharma contract manufacturing market, CMOs are rapidly expanding their capabilities / offerings
As The Focus On Biologics Strengthens, CMOs Are Ready To Monetize The Opportunity The growing pipelines of emerging therapeutic classes, such as cell and gene therapy, offer lucrative business opportunities to CMOs in this domain
Likewise, The Emergence Of Biosimilars Has Reinforced The Promise The growing biosimilars market is also expected to be one of the key growth drivers for biopharmaceutical contract manufacturers
The Manufacturing Capacity Is Well-Distributed Across The Globe The current global biopharma contract manufacturing capacity is over 3.4 million litres; this is well distributed across different regions
We Expect The Overall Market To Witness a Healthy Growth Rate Driven by an increasing global demand for biologics, we expect the market to witness significant growth over the coming decade
Specific Regions, Though, Are Likely To Garner Relatively Higher Interest Although preferences regarding expression systems are unlikely to change, the regional biologics contract manufacturing market landscape is likely to evolve in the near future
Arun is an enthusiastic professional and has been associated with Roots Analysis since the very early years. He has led multifaceted roles over the years be it business research, consulting, competitive intelligence, IT & technology, sales and marketing. He currently drives strategic thinking and execution within the sales and marketing domain. With educational background in life sciences from Thapar University and digital marketing credentials from Indian School of Business, he has led a lot of critical initiatives at the organization. His background in life sciences has been one of the key reasons for quick understanding and implementation of customized marketing strategies. During his early years, he has led multiple consulting assignments for global clients ranging from competitive landscaping, deal structuring and preparing go-to-market strategy for his clients.