How is the Biologics Contract Development Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the Biologics Contract Development Market Over the Coming Decade?
The biologics contract development market size has grown rapidly in recent years. It will grow from $7.75 billion in 2024 to $8.58 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to biologics market growth, rise in biopharmaceuticals, complexity of biologics, patent expirations, cost efficiency.
The biologics contract development market size is expected to see rapid growth in the next few years. It will grow to $13.19 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to digitalization and data analytics, risk management, flexibility and scalability, burgeoning investment in r&d, precision medicine and personalized therapies. Major trends in the forecast period include regenerative medicine, risk mitigation strategies, global collaborations, advanced technologies, technological integration.
Which Major Market Drivers Are Expected to Boost the biologics contract development Market’s Growth Potential?
The rising prevalence of chronic diseases is expected to propel the biologics contract development market going forward. Chronic diseases refer to an illness that lasts for a year or longer that requires ongoing medical attention. The rise in chronic disease cases is increasing the demand for developing novel drugs, including biologics, thereby promoting the biologics contract development market. For instance, in September 2024, according to the reports published by the Office for Health Improvement & Disparities, a UK-based government, in the first half of 2023, there were 3,940 excess deaths attributed to chronic lower respiratory diseases, marking a 30% increase compared to expected rates. For the entire year, this number rose to 5,363, reflecting a 22% increase overall. Therefore, the rising prevalence of chronic diseases will drive the growth of the biologics contract development market.
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What Are the Major Players Making an Impact in the Biologics Contract Development Market’s Growth?
Major companies operating in the biologics contract development market are:
• WuXi Biologics_x000D_
• Abzena Ltd._x000D_
• Fujifilm Diosynth Biotechnologies_x000D_
• KBI Biopharma_x000D_
• AGC Biologics_x000D_
Which Upcoming Trends Are Set to Influence the Biologics Contract Development Market’s Path Forward?
Technological advancements are gaining popularity in the biologics contract development market. Major companies in the biologics contract development market are integrating advanced technologies to sustain their position in the market. For instance, in January 2022, Lonza, a Switzerland-based contract manufacturing and development solutions company, launched bYlok technology platform to design and manufacture bispecific antibodies. It helps to solve the light-heavy chain mispairing issue with high yields, >95% accuracy, and the ability to maintain a mAb-like format. It can be accessed by pharma and biotech companies through a simple research license.
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Which Growth-Oriented Segments of the Biologics Contract Development Market Are Leading the Industry’s Development?
The biologics contract development market covered in this report is segmented –
1) By Source: Microbial, Mammalian, Others Sources
2) By Indication: Oncology, Immunological Disorders, Cardiovascular Disorders, Hematological Disorders, Others Indications
3) By Product Service: Cell Line Development, Process Development, Others Product Services
Subsegments:
1) By Microbial: Bacterial Sources, Yeast Sources, Fungal Sources
2) By Mammalian: Chinese Hamster Ovary (CHO) Cells, Human Embryonic Kidney (HEK) Cells, Hybridoma Cells
3) By Other Sources: Plant-Based Systems, Insect Cell Systems, Algal Sources
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 2024. 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.
What Are the Core Features That Define the Biologics Contract Development Market?
Biologics contract development refers to companies that provide biologics development and manufacturing services to pharmaceutical corporations on a contract basis. The biologics contract development is used to outsource the manufacturing of biologics on contracts to focus on the marketing, R&D, and branding of products.
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