Biopharmaceutical Contract Manufacturing Market Focused Insights Report 2024-2029 with Exclusive Data on 45 Vendors Including Boehringer Ingelheim, Samsung, AbbVie, Catalent, FUJIFILM, Merck, Pfizer - ResearchAndMarkets.com

The "Biopharmaceutical Contract Manufacturing Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The Biopharmaceutical Contract Manufacturing Market was valued at USD 84.01 billion in 2023, and is expected to reach USD 150.04 billion by 2029, rising at a CAGR of 10.15%.

The global biopharmaceutical contract manufacturing market report consists of exclusive data on 45 vendors. The market is highly competitive. There are several leading, growing, and emerging market players are present across the global market. Some emerging players compete against large and small medium-sized market players.

Boehringer Ingelheim, Lonza, Samsung Biologics, AbbVie, Catalent, Emergent BioSolution, FUJIFILM, Merck KGaA, Pfizer, and Wuxi Biologics are leading companies that accounted for major market share in the global biopharmaceutical contract manufacturing market. These vendors are continuously focusing on expanding their biopharmaceutical contract manufacturing services that meet clients' requirements, international regulations, and increase the efficiency of their product, strengthen their market position.

North America dominates and holds the largest share of the global biopharmaceutical contract manufacturing market. The market dominance of these regions can be attributed to the high concentration of biopharma companies, the growing trend of outsourcing biopharma contract manufacturing due to cost and regulatory compliance considerations, and the presence of several leading market players.

In North America, numerous biopharma companies are actively involved in developing novel biologics. Significant investments in research and development aimed at strengthening pipelines for chronic autoimmune diseases are expected to drive the launch of new therapeutics in the region. The increasing number of approvals for novel therapeutics is creating valuable opportunities for market growth in North America.

MARKET TRENDS & DRIVERS

Attention Towards Technology Adoption

Contract Manufacturing Organizations (CMOs) are shifting towards innovative and more advanced manufacturing technologies, such as robotics, automation, and continuous manufacturing. The Manufacturing Dive article (2024) reported that contract manufacturers seek to optimize manufacturing processes to meet demand for combat record-high drug shortages and new and complex drugs.

Where Continuous Manufacturing technology become more popular among CMOs. In this technology, input materials are continuously fed into production and transformed, and processed output materials are continuously removed. Automation is a rapidly growing trend among CMOs that delivers more consistency, and precision and minimizes human error. Currently, automation, process control systems, and advanced robotics, that becoming popular to enable continued monitoring and optimization of bioprocesses, to improve product quality and lead to higher yield.

Attention Towards Specialized Capabilities and Services

In the biopharmaceutical industry, research and development, clinical trials, product approvals, and new products in the market have become more and more complex, the biopharma companies seeking more diverse, experienced, and well-established contract manufacturers. However, in recent days, with the growing attention toward more niche and care-demanding therapeutic areas, now biopharma companies looking for more specialized services and capabilities in CMOs.

As the biopharmaceutical industry experiences huge competition and challenges from regulatory bodies, biopharma companies looking for CMOs who are experts in specific or single areas. This factor creates opportunities for small and emerging specialized CMOs that can offer tailored solutions and services to meet the unique requirements of biopharma companies.

Increasing Drug Approvals by Emerging, Small & Medium-Sized Biopharma Companies

Small & Medium pharma biotech companies are the most potential clients for CMOs/CDMOs as these entities face several issues in the development and manufacturing of their drugs. New and often small-sized to mid-sized biotech companies are seeking contract manufacturing companies to introduce their products due to a lack of resources and associated capabilities to invest in manufacturing facilities of their own.

In the past few years, small-sized biopharma companies have accelerated their R&D and launched around 30% to 40% of new drugs. There are more than 5,500 total small and mid-sized biopharma companies present across the world revealed by Contract Pharma news in 2023, and it is expected that in upcoming years (by 2026-2027) they will contribute more than 55% of new drugs launched.

Rapid Developments in Biopharma Contract Production Services with AI

With the growing competition across the biopharmaceutical contract manufacturing industry, vendors are advancing them with new approaches that drive their efficiency in contract manufacturing. The partnership with the right contract manufacturer is an emerging trend that led to rising advancements among the vendors to stay competitive in the market. The majority of CMOs/CDMOs are developing and expanding their services to keep pace with rapidly evolving the global market. These factors attract more and more biopharma companies towards contract manufacturing and drive market growth. CMOs are advancing their performance with artificial intelligence (AI) and electronic platforms to become more cost-effective and speed up production time.

INDUSTRY RESTRAINTS

High Cost of Biologics Contract Manufacturing

Biopharmaceuticals are medicines made from living cells that treat common and serious diseases, such as cancer, diabetes, rheumatoid arthritis, and other inflammatory diseases. These are highly targeted and effective, and they are increasingly important in the fight against these diseases. They are relatively complex molecules and are usually composed of proteins for transplantation, carbohydrates, nucleic acids, cells or tissues, or complex complexes of these substances.

Their examples include hormones, vaccines, blood products, allergens, mAbs, recombinant therapeutic proteins, C&GT, growth factors, cytokines, and insulin. Unfortunately, most patients cannot afford biologics. Medical costs divide consumers into rich and poor categories. Both categories are stressed due to high biological costs, but the poor stress much more. Expensive biological products are not easily accessible to poor patients. This is more pronounced in low- and middle-income countries.

KEY QUESTIONS ANSWERED

• How big is the global biopharmaceutical contract manufacturing market?
• What is the growth rate of the global biopharmaceutical contract manufacturing market?
• Which region dominates the global biopharmaceutical contract manufacturing market?
• What are the factors driving the global biopharmaceutical contract manufacturing market growth?
• Who are the major players in the global biopharmaceutical contract manufacturing market?

Key Attributes:

KEY TAKEAWAYS

• By Product: The finished dosage form segment holds the largest market share. The segmental growth is due to the growing demand for safe and innovative medications.
• By Biologies: The monoclonal antibodies segment holds the largest market share of over 46%, driven by the rising prevalence of - and growingly sophisticated approaches to treating complex and severe health conditions, including cancers.
• By Expression Systems: The mammalian segment shows the highest growth of 16.78% as they are considered standard for key expression systems and widely accepted in monoclonal antibody production.
• By Scale of Operations: The commercial segment accounts for the largest market share. The commercial scale of operation is also termed as large-scale manufacturing and they fulfill the requirement of these biologics through commercial manufacturing.
• By Company Size: The large companies segment holds the largest market share. The segment's growth is driven by CMOs enabling biopharmaceutical companies to focus on higher-value aspects of their value chains while outsourcing manufacturing processes.
• By Geography: North America dominates the global biopharmaceutical contract manufacturing market. The market dominance is driven by a high concentration of biopharma companies, increased outsourcing, and leading industry players in the region.
• Growth Factor: The global biopharmaceutical contract manufacturing market is set to grow due to increasing drug approvals by emerging, small & medium-sized biopharma companies and the shift from developed to developing economies.

COMPETITIVE LANDSCAPE

RECENT VENDORS ACTIVITIES

• In 2024, Sanofi one of the leading CMO invested over $1 billion investment in biomanufacturing in France to enhance medicine production capabilities in France. In 2023, GTP Bioways opened two new biopharmaceutical production facilities in France.
• In 2024, Lonza announced an agreement to acquire Genentech manufacturing unit in the US from Roche for $1.2 billion capital.
• In 2024, Thermo Fischer Scientific acquired Olink Holding AB. Olink -a pioneer company in next-generation proteomics solution development.
• In 2023, Wuxi Biologics one of the leading market players announced that it increasing manufacturing capacity at its facility in Germany. Since 2020, the company has invested in the construction and adaptation of two new facilities in the country.
• In 2023, Merck opened two new manufacturing plants in Germany that pioneered offering mRNA services. In addition, the company announced the launch of a genetic stability platform that can help to reduce cost by 43% and biosafety testing time by 66%.
• In 2023, ACG Biologics one of the leading global CDMOs completed expansion of the manufacturing plant at the Milan Cell & Gene Center of Excellence production sites.

Key Vendors

• Boehringer Ingelheim
• Lonza
• Samsung Biologics
• AbbVie
• Catalent
• Emergent BioSolution
• FUJIFILM
• Merck KGaA
• Pfizer
• Wuxi Biologics

Other Prominent Vendors

• AGC Biologics
• AJINOMOTO CO., INC.
• Asymchem
• Curia Global, Inc.
• (Albany Molecular Research Inc.)
• Biocina
• Biocon
• Rentschler Biopharma
• Ascendia Pharmaceuticals
• Charles River Laboratories
• GBI
• Argan Life Sciences
• KBI Biopharma
• Sanofi
• Bavarian Nordic
• Wacker Biotech B.V (Wacker Chemie AG)
• Jubilant HollisterStier
• National Resilience
• Thermo Fisher Scientific
• Axplora
• Binex
• Canton Biologics
• Shanghai ChemPartner
• Cytovance Biologics
• Kemwell
• Midas Pharma GmbH
• Alcami Corporation
• Cambrex Corporation
• Pharmaceutics International
• Singota Solutions
• Serum Institute of India (SII)
• Recipharm AB
• Famar Health Care Services
• Vetter Pharma
• CSL - Seqirus

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