Wilmington, Delaware, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Global Biologics Contract Manufacturing Market value is estimated at US$ 15.5 billion in 2023 and is expected to grow at a significant CAGR of over 9.5% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Biologics contract manufacturing refers to the outsourcing of biopharmaceutical product manufacture and manufacturing to specialized contract manufacturing organizations (CMOs), which includes vaccines, monoclonal antibodies, gene treatments, and other complicated biological medications.
Because of their effectiveness in treating diseases such as cancer, autoimmune disorders, and genetic abnormalities, the global demand for biopharmaceuticals such as monoclonal antibodies, vaccines, and gene treatments is continuously expanding. This rising demand increases the requirement for efficient and dependable biologics contract manufacturing services.
- According to a deep-dive market assessment by RationalStat, the global Biologics Contract Manufacturing market has been analyzed on the basis of market segments, including product, indication, service type and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Biologics Contract Manufacturing market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Biologics Contract Manufacturing market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Biologics Contract Manufacturing Market: Segmental and Market Share Analysis
- On the basis of indication, oncology segment is anticipated to dominate the global Biologics contract manufacturing market with 48% market share. It is estimated to remain dominant during the forecast period.
- On the basis of product, MABs segment was dominated the market in 2022 owing to the extensive usage of the products made by MABs.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 15.5 billion |
| Market Size Forecast | US$ 29.3 billion |
| Growth Rate | 9.5% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Players engaged in this market adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global biologics contract manufacturing market include,
- In August 2021, Catalent, Inc. acquired RheinCell Therapeutics GmbH, a developer and manufacturer of GMP-grade human induced pluripotent stem cells (iPSCs).
Some of the prominent players and suppliers operating and contributing significantly to the global biologics contract manufacturing market growth include Wuxi Biologics, Abzena Ltd., Lonza, Abbvie, Catalent, Eurofins CDMO, Thermo Fisher Scientific Inc., Bioreliance, SansungBiologics, Boehringer Ingelheim GmbH, FUJIFILM Diosynth Biotechnologies U.S.A., Inc., and BioXcellence, AGC Biologics, among others.
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RationalStat has segmented the global biologics contract manufacturing market based on product, indication, service type, and region
- Global Biologics Contract Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
- MABs
- Recombinant Protein
- Others
- Global Biologics Contract Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Indication
- Oncology
- Hematology Disorders
- Cardiovascular Disorders (CVDs)
- Immunological Disorders
- Global Biologics Contract Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Service Type
- Clinical Services
- Commercial Services
- Global Biologics Contract Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Biologics Contract ManufacturingMarket
- US
- Canada
- Latin America Biologics Contract ManufacturingMarket
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Biologics Contract ManufacturingMarket
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Biologics Contract ManufacturingMarket
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Biologics Contract ManufacturingMarket
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Biologics Contract ManufacturingMarket
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Biologics Contract ManufacturingMarket
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Key Questions Answered in the Biologics Contract Manufacturing Report:
- What will be the market value of the global biologics contract manufacturing market by 2030?
- What is the market size of the global biologics contract manufacturing market?
- What are the market drivers of the global biologics contract manufacturing market?
- What are the key trends in the global biologics contract manufacturing market?
- Which is the leading region in the global biologics contract manufacturing market?
- What are the major companies operating in the global Biologics Contract Manufacturing market?
- What are the market shares by key segments in the global biologics contract manufacturing market?
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