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[With 9.5% CAGR] Biologics Contract Manufacturing Market to Observe Strong Growth During 2023-2030, According to RationalStat Analysis and Market Report

The global biologics contract manufacturing market is expected to approach US$ 29.3 billion by 2030, with an annual growth rate of more than 9.5%

Wilmington, Delaware, Oct. 13, 2023 (GLOBE NEWSWIRE) —

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
  • Increasing demand for biologics
  • Rising cost of drug development
  • Growing complexity of biologic production
  • Growing emphasis on new markets
Companies Profiled
  • 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.
  • BioXcellence
  • AGC Biologics

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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

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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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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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