Covina, Aug. 16, 2024 (GLOBE NEWSWIRE) -- According to Prophecy Market Insights, the global biologics CDMO market size and share is projected to grow from USD 18 Billion in 2024 and is forecasted to reach USD 55 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 11.80% during the forecast period (2024 - 2034).
Biologics CDMO Market Report Overview
Biologics CDMO refers to specialized companies that provide comprehensive services for the development and production of biological drugs. Biologics are complex large-molecule drugs derived from living organisms, including proteins, monoclonal antibodies, vaccines, and cell and gene therapies.
Biologics CDMOs play a crucial role in the biopharmaceutical industry by offering a range of services that support the development and commercial production of biologics. Designing and refining biologic formulations to ensure stability, effectiveness and safety over the course of the products life.
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- Overview & introduction of market study
- Revenue and CAGR of the market
- Drivers & Restrains factors of the market
- Major key players in the market
- Regional analysis of the market with a detailed graph
- Detailed segmentation in tabular form of market
- Recent developments/news of the market
- Opportunities & Challenges of the Market
Competitive Landscape:
The Biologics CDMO Market is characterized by rapid growth, technological innovation and fierce competition. Companies are expanding their global presence, focusing on sustainability and diversifying their service offerings to stay competitive.
Some of the Key Market Players:
- Lonza Group
- Catalent Inc.
- Samsung Biologics
- Eurofins Scientific
- Boehringer Ingelheim Group
- FUJIFILM Diosynth Biotechnologies Inc.
- Wuxi Biologics
- LabCorp Drug Development
- Cambrex Corporation
- AGC Biologics
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Analyst View:
In an effort to control expenses and take use of outside knowledge, biopharmaceutical companies are increasingly turning to CDMOs for the research and production of biologics. Advanced technology and scalable solutions are provided by CDMOs without requiring large initial expenditures in buildings and equipment.
Market Dynamics:
Drivers:
Rising Demand for Biologics
- The need for biologic medicines is being driven by the rising rates of cancer, autoimmune disorders, and chronic diseases. With the increasing introduction of novel biologics to the market such as gene therapies, monoclonal antibodies, and biosimilars there is an increasing demand for specialist demand for specialist services related to development and production.
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Market Trends:
Increased Focus on Quality and Compliance
- As regulatory scrutiny and product quality become more important, CDMOs are giving advanced quality management systems and global standard compliance top priority. To guarantee constant product quality and regulatory compliance, the integration of technology like real-time monitoring and process analytics is becoming more common.
Segmentation:
Biologics CDMO Market is segmented based on Type, Product Type, and Region.
Type Insights
- This sector includes Personal and Professional. The professional segment is expected to dominate the target market growth because of its considerable benefits in the production of complicated biologic pharmaceuticals such as therapeutic proteins, monoclonal antibodies, and other cutting-edge therapeutics.
Product Type Insights
- In the target market biologics is the most dominant segment as these are complex, large-molecule drugs derived from living organisms including proteins, monoclonal antibodies, and vaccines. They demand highly specialized techniques and advanced technologies for development and manufacturing.
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Recent Development:
- In January 2024, EXO Biologics SA, a Belgian biotech company committed to developing biopharmaceuticals using exosomes to treat rare diseases with high unmet medical needs, launched ExoXpert, a contract development and manufacturing organization (CDMO) specializing in exosomes. ExoXpert, a fully owned subsidiary of EXO Biologics, provides an MSC-based exosome production platform utilized in European clinical trials.
Regional Insights
- North America: This region has the advantages of a strong regulatory environment and knowledgeable regulatory experts. The CDMOs operating in this area are adequately prepared to handle the strict regulatory requirements enforced by organizations like the FDA.
- Asia Pacific: The region’s need for biologics is being driven by the increased incidence of chronic illness and growing healthcare demands. The need for CDMO services to assist in the development and production of biologics is rising in parallel with the growth of the biologics market.
Browse Detail Report on "Biologics CDMO Market Size, Share, By Type (Mammalian, Non-Mammalian), By Product Type (Biologics (Recombinant Proteins, Vaccines, Monoclonal, Antisense & Molecular Therapy, and Other Biologics) and Biosimilars), and By Region - Trends, Analysis, and Forecast till 2034" with complete TOC @ https://www.prophecymarketinsights.com/market_insight/Biologics-CDMO-Market-5110
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