The development and manufacturing processes for biologics are complex, and usually require advanced capabilities and specialized expertise. This has led many stakeholders in the biopharmaceutical industry to outsource significant parts of their business operations to contract service providers. The ‘Biopharmaceutical Contract Manufacturing Market (2nd edition), 2017 – 2027’ report provides an extensive study of the contract manufacturing market for biopharmaceuticals.Some of the most interesting insights from our study are presented below.
The Landscape Of Biopharmaceutical Contract Manufacturers 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 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 gene and cell therapies, 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 contract biomanufacturing 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 contract manufacturing landscape is likely to evolve in the near future
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