Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "Vaccine Contract Manufacturing Market Report by Vaccine Type, Workflow, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global vaccine contract manufacturing market size reached US$ 2.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 6.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.04% during 2023-2032. 
Vaccine contract manufacturing refers to the outsourcing of large-scale production of vaccines to contract manufacturing organizations (CMOs). These organizations offer numerous services, including pre-formulation work, formulation development, method development, stability studies, pre-clinical activities, registration batches and commercial manufacturing. Apart from this, they provide expertise and innovative technologies to expand the production chain of pharmaceutical companies. At present, the demand for outsourcing vaccine manufacturing activities is escalating worldwide on account of reduced development costs and complex production protocols.
Vaccination plays a pivotal role in improving human as well as veterinary health. It reduces the need for antibiotics and prevents diseases. The increasing awareness about vaccination and numerous associated benefits, such as protection from severe illnesses and infectious diseases, is catalyzing the demand for immunization programs and inoculations.
This, in confluence with understanding the complexity of capital requirement for production, has led the leading pharmaceutical companies to outsource vaccine manufacturing. Apart from this, the lack of equipment and skilled labor for vaccine production in low-resource countries is also contributing to the global vaccine contract manufacturing market growth.
Moreover, technological advancements, including the introduction of expression systems like the EB66 and GPEx and cell culture media platforms, are supporting the market growth. Furthermore, the alarmingly growing cases of coronavirus disease (COVID-19) in numerous countries have propelled the vaccine developers to sign outsourcing agreements with CMOs. This is creating a favorable outlook for the growth of the market.
Key Questions Answered in This Report:
- How has the global vaccine contract manufacturing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global vaccine contract manufacturing market?
- What are the key regional markets?
- What is the breakup of the market based on the vaccine type?
- What is the breakup of the market based on the workflow?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global vaccine contract manufacturing market and who are the key players?
- What is the degree of competition in the industry?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 149 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $2.8 Billion |
| Forecasted Market Value (USD) by 2032 | $6.1 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Competitive Landscape:
- Ajinomoto Co. Inc.
- Albany Molecular Research Inc
- Catalent Inc
- Cobra Biologics Limited (Charles River Laboratories International Inc.)
- Cytovance Biologics Inc. (Hepalink USA Inc.)
- Fujifilm Holdings Corporation
- ICON plc
- IDT Biologika GmbH
- Lonza Group AG
- Merck KGaA
- Pharmaceutical Product Development LLC
- PRA Health Sciences Inc.
Key Market Segmentation:
Breakup by Vaccine Type:
- Attenuated
- Inactivated
- Subunit-based
- Toxoid-based
- DNA-based
Breakup by Workflow:
- Downstream
- Fill and Finish Operations
- Analytical and QC Studies
- Packaging
- Upstream
- Mammalian Expression Systems
- Bacterial Expression Systems
- Yeast Expression Systems
- Baculovirus/Insect Expression Systems
- Others
Breakup by Application:
- Human Use
- Veterinary
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/y0eki2
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