Visiongain has launched a new pharma report Biological Drug API Manufacturing Services World Industry and Market Forecast to 2029: Mammalian Cell Cultures, Microbial Fermentations, and Other Expression Systems; Human Growth Hormones, Insulin, Interferons, Monoclonal Antibodies, Vaccines, and Others Therapeutic Areas.
The growth of the biosimilars market in the EU and the rise of generics will have a big effect on the biotech manufacturing services market. Consolidation as a strategy gives not only manufacturing capabilities, but access to cutting-edge technology and helps foster and establish relationships that can be used to enter new markets. Outsourcing as a strategy to reduce costs and increase efficiency can be a strength for biopharmaceutical companies. This trend in outsourcing will shift from the traditional model of using EU and US CMOs to outsourcing from lower emerging market CMOs, especially in Asia.
The lead analyst of the report commented “Strengths in the biotech contract manufacturing market, from the perspective of the CMOs, stem from the demand for lower cost manufacturing from companies of all sizes. This demand will continue to rise in the coming 10 years, Visiongain believes. CMOs can offer significant advantages in terms of cost and manufacturing flexibility for companies. Additionally, with many CMOs in the market, the range of services available to pharma companies is broad – CMOs have many opportunities to appeal to these pharma clients. CMOs can choose to specialise, providing a niche service or expertise in a particular formulation.”
Leading companies featured in the report include Boehringer Ingelheim Abbvie, Boehringer Ingelheim BioXcellence, Catalent, Celltrion, Cytovance Biologics and other companies.
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