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Wednesday, 12 August 2020
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Wednesday, 29 Jul 2020 08:00 pm

Asia Pacific Biopharmaceutical Contract Manufacturing Market is expected to reach US$ Asia Pacific 315.0 Bn by 2027 with CAGR of 6.9%.

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.

By SMN Bureau
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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. 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.

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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. Also, due to the growing demand for biologics, Rentschler is looking to expand globally, adding a new facility to its site in Laupheim, Germany, to expand its capacity. It invested about €24 million to add two 3,000-liter stainless steel bioreactors, more than doubling its capacity. Thus, increasing demand of biologics is expected to drive the growth of the in Europe during the forecast period.

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US is anticipated to leads the Biopharmaceutical Contract Manufacturing market across the North America region through the forecast period. The growth in SIEM in the U.S. is mainly driven by factors which includes its state of being one of the best internet connected countries in the world, with around 85% of its population using internet in 2018; in addition, the country is also ranked second globally for online B2C transactions; and, the ever-increasing cybercrime costs that had reached $100 billion in the US in 2014, which is nearly one-fourth of the $445 billion, all these aspects are owing to significant growth of SIEM market. This will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of Biopharmaceutical Contract Manufacturing market in the U.S.

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Europe Biopharmaceutical Contract Manufacturing Market - By Product

Biologics

Monoclonal Antibodies

Recombinant Proteins

Vaccines

Others

Biosimilars

Europe Biopharmaceutical Contract Manufacturing Market - By Service

Development Process

Final Dosage Operation

Analytical and Quality Control

Final Packaging

Europe Biopharmaceutical Contract Manufacturing Market - By Country

Germany

France

UK

Italy

Spain

Europe Biopharmaceutical Contract Manufacturing Market - Companies Mentioned

Lonza Group AG

Boehringer Ingelheim International GmbH

Inno Biologics Ventures Sdn Bhd

Thermo Fisher Scientific

AbbVie Inc.

WuXi Biologics

General Electric

Samsung Biologics

Merck KGaA

Ajinomoto Co., Inc

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Tags Asia Pacific Biopharmaceutical Contract Manufacturing Market Asia Pacific Biopharmaceutical Contract Manufacturing Market analysis Asia Pacific Biopharmaceutical Contract Manufacturing Market business research Asia Pacific Biopharmaceutical Contract Manufacturing Market competitor analysis

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