Biopharmaceutical Contract Manufacturing Market to Witness an Outstanding Growth by 2027


The growth of the market is driven by factors such as the increasing outsourcing by pharmaceutical companies and increasing demand of biologics in the European region. However, increasing competition in the industry is likely to restrain the market growth to a certain extent.

Manufacturing of Biopharmaceutical medicines through contract manufacturer from DNA to finished final product. Contract manufacturing is the type of outsourcing where a company enters into an agreement or legal settlement with another manufacturing firm for products, parts, or components, which the former will then use in its production process to complete its product.

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Key Players Influencing the Market:
  1. Lonza Group AG
  2. Boehringer Ingelheim International GmbH
  3. Inno Biologics Ventures Sdn Bhd
  4. Thermo Fisher Scientific
  5. AbbVie Inc.
  6. WuXi Biologics
  7. General Electric
  8. Samsung Biologics
  9. Merck KGaA
  10. Ajinomoto Co., Inc

This involves manufacturing of biopharmaceutical molecules, proteins, nucleic acids, blood components, and vaccines developed from a biological source. These companies are specialized in the production of molecules and offer different types of services such as Development Process, Analytical and Quality Control among others.

The contract manufacturing market for biologics is growing at an unprecedented rate owing to increasing biologics pipeline, manufacturing complexity, and companies shifting their focus towards core activities. The outsourcing is required to expedite research and development, speed up market entry, give access to novel technologies, regulatory expertise, and reduces risks at a competitive cost. Complexities in biologics development and production and increasingly stringent quality standards have driven drug manufactures to prefer contract manufacturer services.

A significant boom has been witnessed in the contract manufacturing of biologics. This can be attributed to difficulties in the production of a large-scale biologics in house. For instance, Sanofi has outsourced the manufacturing of its biologics pipeline to Boehringer Ingelheim. Many companies are opting CMOs services to speed up the development process and lower production costs.

Research and development (R&D) are vital for companies of all shapes and all sizes and in all niches. One industry where it’s absolutely essential, is the pharmaceutical industry. For pharmaceuticals manufacturing companies, it’s imperative that they offer the most innovative drugs and that those drugs are safe and effective; R&D makes all of these things possible. Some countries are emerging as attractive R&D locations for biopharmaceutical industries

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  • This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
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Source : Business Market Insight

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