Global Biosimilar Contract Manufacturing Market Overview:
Biosimilar contract manufacturing is the process by which a pharmaceutical company, known as the contract manufacturing organization, produces biosimilar drugs on behalf of another company, typically a biopharmaceutical company. Biosimilars are biological products that are highly similar to an already-approved reference biologic, known as the originator or reference product. Biosimilar contract manufacturing plays a crucial role in expanding access to affordable biological therapies by increasing the availability of high-quality biosimilar products on the market. It also facilitates collaboration and partnerships between biopharmaceutical companies and contract manufacturing organizations to drive innovation and efficiency in the biopharmaceutical industry.
As per latest study released by AMA Research, the Global Biosimilar Contract Manufacturing market is expected to see growth rate of 20.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shift towards Value-Based Healthcare Models and Cost-Effective Treatment Options
Market Growth Drivers:
Increasing demand for cost-effective biologic drugs. and Increasing Prevalence of Chronic Diseases
Challenges:
Ensuring Product Consistency and Quality Is Crucial In Biosimilar Manufacturing
Restraints:
Lack of skilled professionals in development and manufacturing. and Intellectual property issues.
Opportunities:
Technological advancement in production of biosimilar.
Competitive Landscape:
Biosimilar Contract Manufacturing is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Novartis AG (Switzerland), Pfizer Inc. (United States), Reddy’s Laboratories (India), Amgen Inc. (United States), Samsung Biologics (United States), Lonza (Switzerland), Boehringer Ingelheim Biopharmaceuticals (Germany), Catalent (United States), Biocon (India), IQVIA Inc. (United States), AGC Biologics (United States) and Thermo Fischer Scientific (United States). Additionally, following companies can also be profiled that are part of our coverage like Celltrion, Inc. (United States), Almac Group (United Kingdom), WuXi Biologics (China), Avid Bioservices, Inc (United States) and Alcami Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Biosimilar Contract Manufacturing market by 2030. Considering Market by Production Technology, the sub-segment i.e. Mammalian will boost the Biosimilar Contract Manufacturing market.
Latest Market Insights:
In November 2023, SwiftPharma and Canadian biopharmaceutical firm PlantForm Corporation established a contract manufacturing partnership. SwiftPharma will be manufacturing antibodies and proteins for PlantForm's product pipeline under this agreement.
In October 2023, Tanvex Biopharma Inc., a developer and manufacturer of biopharmaceutical, launched Tanvex CDMO to provide comprehensive biologic contract development and manufacturing services, offering its experience and expertise to the biopharmaceutical industry.
The Food and Drug Administration (FDA) is providing guidance on cooperative manufacturing arrangements for biological products regulated under Section 351 of the Public Health Service Act. This guidance is a collaboration between the Center for Biologics Evaluation and Research (CBER) and the Center for Drug Evaluation and Research (CDER). It outlines our current approach to licensing strategies to meet the growing demand for flexible manufacturing arrangements.
What Can be Explored with the Biosimilar Contract Manufacturing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biosimilar Contract Manufacturing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biosimilar Contract Manufacturing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biosimilar Contract Manufacturing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biosimilar Contract Manufacturing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biosimilar Manufacturer, Biosimilar Provider, Research and Development, Investor, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.