What is Biopharma Outsourcing Market Scope?
The biopharmaceutical industry is changing the way it manufactures. According to BioPlan Associates’ 10th Annual Report and Survey of Biopharmaceutical Manufacturing Capacity and Production, outsourcing and off-shoring have migrated into much more high-value areas of opportunity over the past ten years. The developing regions such as China, India, and Brazil are investing in technologies that improve productivity and efficiency are making outsourcing more strategic.
Influencing Trend:
Majority Of Biosimilars Production Being Outsourced
Market Growth Drivers:
Outsourcing Overcomes Trade Barriers and Increasing Adoption of Outsourcing Biopharma for Manufacturing
Challenges:
Meet Quality Requirement and On-time Delivery
Restraints:
Regulation on Outsourcing of Biopharma Products
Opportunities:
Rise in R&D Outsourcing and Eliminate Need of Hiring and Training Staff Hence Saving Cost of Biopharma Companies
The Biopharma Outsourcing market study is being classified, by Application and major geographies with country level break-up.
Market players in biopharma outsourcing are improving their technical and production capabilities to serve the biopharma industry more efficiently. The outsourcing for production of biopharma products clearly will continue, and become more important as more and smaller companies look for opportunities to enter the market and get their products into clinical trials. This will increase the competitiveness among the service providers of the global biopharma outsourcing market Analysts at AMA predicts that Players from United States, United Kingdom, China will contribute to the maximum growth of Global Biopharma Outsourcing market throughout the predicted period.
Sartorius AG (Germany), Emcure Pharmaceuticals Ltd (India), BioPharma Services Inc. (Canada), Quintiles Inc. (United States), Lonza Group AG (Switzerland), Eurofins Scientific (Luxembourg), Baxter International Inc.(United States), KBI Biopharm Inc. (United States), Chiltern International Ltd. (United Kingdom), GSK plc (United Kingdom) and WuXi Biologics (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Keyrus Biopharma (France), Aptuit LLC (United States), ICON plc (Ireland) and Rentschler Biotechnologie GmbH (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Biopharma Outsourcing market by Type, Application and Region.
On the basis of geography, the market of Biopharma Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2022, Sartorius AG acquired Novasep chromatography division. The portfolio acquired comprises chromatography systems primarily suited for smaller biomolecules, such as oligonucleotides, peptides, and insulin, as well as innovative systems for continuous manufacturing of biologics.
In April 2022, Boehringer Ingelheim increases its R&D commitment and anticipates up to 15 new product launches by 2025. It spent nearly USD 4.5 billion (20 percent of net sales) on R&D last year, putting it just behind some of the top spenders in the pharmaceutical industry. It also intends to invest more than USD 27 billion in drug development over the next five years.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Biopharma Outsourcing Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Biopharma Outsourcing Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
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 |
Analyst View
Research Says, "As countries and companies alike continue to grapple with the unprecedented challenges thrown up by the novel coronavirus (COVID-19), the concern of uncertainty surrounding the impact of the COVID-19 pandemic on the global biopharma outsourcing market has risen. The lockdown in several countries majorly in China as it accounts for nearly 65-70% of supply chain industry has majorly effected the growth of global biopharma outsourcing market."
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Biopharma Outsourcing Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Biopharma Outsourcing industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.