In-Depth 2024 Biologics Contract Development Market Analysis: Growth, Share, and Emerging Trends
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2024-2033 Biologics Contract Development Market Growth Rate: What’s the Forecast?
The biologics contract development market expanded rapidly, increasing from $6.94 billion in 2023 to $7.7 billion in 2024, at a CAGR of 11.0%. Growth drivers included the rise of biologics, biopharmaceuticals, patent expirations, complexity of development, and cost efficiency.
The biologics contract development market is expected to grow to $11.68 billion by 2028, expanding at a CAGR of 11.0%. The growth is attributed to digitalization, risk management, R&D investment, precision medicine, and personalized therapies. Trends include regenerative medicine, risk mitigation, global collaborations, advanced technologies, and technological integration.
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What Drivers Are Accelerating the Growth of the biologics contract development Market?
Similarly, the biologics contract development market anticipates significant growth, driven by the increasing prevalence of chronic diseases globally. Chronic illnesses, responsible for approximately 71% of global deaths according to April 2021 data from the World Health Organization, necessitate ongoing medical interventions, thus creating a demand for innovative biologic drugs. This rise in chronic diseases fuels the expansion of the biologics contract development market, mirroring its projected market sizes for 2023, 2024, and 2028.
What Key Segments Can Be Identified in the Biologics Contract Development Market?
1) By Source: Microbial, Mammalian, Others Soruces
2) By Indication: Oncology, Immunological disorders, Cardiovascular disorders, Hematological disorders, Others Indications
3) By Product Service: Cell Line Development, Process Development, Others Product Services
What Trends Are On the Rise in the 112 Market?
Technological advancements are increasingly prominent in the biologics contract development market, with major companies integrating advanced technologies to maintain their market positions. For instance, in January 2022, Lonza, a Switzerland-based contract manufacturing and development solutions company, launched the bYlok technology platform. This platform facilitates the design and manufacture of bispecific antibodies, addressing issues such as light-heavy chain mispairing with high yields and accuracy. Accessible through a simple research license, it caters to the needs of pharma and biotech companies.
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What Regions Are Steering Growth in the Biologics Contract Development Sector?
North America was the largest region in the biologics contract development market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biologics contract development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Biologics Contract Development Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the biologics contract development market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Biologics Contract Development Market Include
1. Biologics Contract Development Market Executive Summary
2. Biologics Contract Development Market Segments
3. Biologics Contract Development Market Size And Template Market Growth Rate
4. Key Biologics Contract Development Market Trends
5. Major Biologics Contract Development Market Drivers
……
25. Key Mergers And Acquisitions In The Biologics Contract Development Market
26. Top Biologics Contract Development Companies
27. Biologics Contract Development Market Opportunities And Strategies
28. Biologics Contract Development Market, Conclusions And Recommendations
29. Appendix
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