Europe Biopharmaceutical Contract Manufacturing Market Is Expected To Witness Rapid Growth Of US$ 7,343.21 Mn By 2027: Business Market Insights

Research Reports

Feb 06, 2021

The Business Market Insights provides you regional research analysis on “Europe Biopharmaceutical Contract Manufacturing Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe Biopharmaceutical Contract Manufacturing market during the forecast period, i.e., 2020–2027.

Europe, the biopharmaceutical contract manufacturing market, is anticipated to reach US$ 7,343.21 Mn in 2027 from US$ 4,031.85 Mn in 2019. The market is projected to grow with a CAGR of 7.9% from 2020-2027.

Manufacturing of Biopharmaceutical medicines through contract manufacturer from DNA to finished final product. Contract manufacturing is the type of outsourcing where a company enters into an agreement or legal settlement with another manufacturing firm for products, parts, or components, which the former will then use in its production process to complete its product. This involves manufacturing of biopharmaceutical molecules, proteins, nucleic acids, blood components, and vaccines developed from a biological source. These companies are specialized in the production of molecules and offer different types of services such as Development Process, Analytical and Quality Control among others.

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Major key players covered in this report: Lonza Group AG, Boehringer Ingelheim International GmbH, Inno Biologics Ventures Sdn Bhd, Thermo Fisher Scientific, AbbVie Inc., WuXi Biologics, General Electric, Samsung Biologics, Merck KGaA, Ajinomoto Co., Inc

The contract manufacturing market for biologics is growing at an unprecedented rate owing to increasing biologics pipeline, manufacturing complexity, and companies shifting their focus towards core activities. The outsourcing is required to expedite research and development, speed up market entry, give access to novel technologies, regulatory expertise, and reduces risks at a competitive cost. Complexities in biologics development and production and increasingly stringent quality standards have driven drug manufactures to prefer contract manufacturer services. A significant boom has been witnessed in the contract manufacturing of biologics. This can be attributed to difficulties in the production of a large-scale biologics in house. For instance, Sanofi has outsourced the manufacturing of its biologics pipeline to Boehringer Ingelheim. Many companies are opting CMOs services to speed up the development process and lower production costs. Also, due to the growing demand for biologics, Rentschler is looking to expand globally, adding a new facility to its site in Laupheim, Germany, to expand its capacity. It invested about €24 million to add two 3,000-liter stainless steel bioreactors, more than doubling its capacity. Thus, increasing demand of biologics is expected to drive the growth of the biopharmaceutical contract manufacturing market in Europe during the forecast period.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Biopharmaceutical Contract Manufacturing market. The researcher provides an extensive analysis of the Europe Biopharmaceutical Contract Manufacturing market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Order a Copy of this Europe Biopharmaceutical Contract Manufacturing Market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00010241

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Biopharmaceutical Contract Manufacturing market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe Biopharmaceutical Contract Manufacturing market segments and regions.

The research on the Europe Biopharmaceutical Contract Manufacturing market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Biopharmaceutical Contract Manufacturing market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Biopharmaceutical Contract Manufacturing market.

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