Biopharmaceutical Contract Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Biopharmaceutical Contract Manufacturing Market is Segmented by Product Type (Peptides/Proteins, Antibodies, Vaccines, Biosimilars, and Other Product Types) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the market size and forecasts in terms of value in USD million for the above segments.

Biopharmaceutical Contract Manufacturing Market Size

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Biopharmaceuticals Contract Manufacturing Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 41.71 Billion
Market Size (2029) USD 79.19 Billion
CAGR (2024 - 2029) 13.68 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Biopharmaceuticals Contract Manufacturing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Biopharmaceutical Contract Manufacturing Market Analysis

The Biopharmaceuticals Contract Manufacturing Market size is estimated at USD 41.71 billion in 2024, and is expected to reach USD 79.19 billion by 2029, growing at a CAGR of 13.68% during the forecast period (2024-2029).

The COVID-19 pandemic had a significant impact on the biopharmaceuticals contract manufacturing market. Contracts related to the COVID-19 pandemic immensely benefited the contract development and manufacturing organization (CDMO) industry. According to an article in Contract Pharma, dated February 2022, the COVID-19 pandemic took two years of tremendous work from the world's biopharmaceutical CMO. The industry's resilience is demonstrated by the astonishing speed with which it overcame the obstacles. The article also stated that revenues at biopharmaceutical CDMOs increased for recombinant proteins, vaccines, monoclonal antibodies, and mainstream biologics by an average of 29%. In fact, some have reported a growth of up to 40%-80% in revenue between 2020 and 2021. In addition, according to an article published in June 2021 in BioProcess International, the increases in CMO capacity spurred by the pandemic are anticipated to benefit the entire industry, especially for the production of cell and gene therapies. The COVID-19 pandemic boosted an already upward-trending biopharmaceutical CMO category. The long-term baseline growth pattern is expected to continue.

Furthermore, several biopharmaceutical CMOs offer services from drug production to drug manufacturing for other organizations in the case of proteins/peptides, antibodies, vaccines, and other biological substances. For instance, in March 2022, Bharat Biotech partnered with the Spanish biopharmaceutical firm, Biofabri, to develop, manufacture, and market a new tuberculosis vaccine. The new TB vaccine, 'MTBVAC,' is being manufactured and developed by Biofabri in close collaboration with the University of Zaragoza, the International AIDS Vaccine Initiative (IAVI), and the Tuberculosis Vaccine Initiative (TBVI). In September 2021, Baxter BioPharma Solutions, a CMO specializing in parenteral (injectable) pharmaceuticals, agreed to provide sterile manufacturing services for NVX-CoV2373, Novavax's COVID-19 recombinant nanoparticle vaccine candidate with Matrix-M adjuvant. The agreement is expected to advance commercial-scale manufacturing essential for the vaccine's production and distribution in the UK and European markets. Such activities by the market players are expected to boost the growth of the vaccine contract manufacturing market during the study period.

Moreover, strategic initiatives by the market players, such as contract manufacturing partnerships, are expected to boost the growth of the market studied. For instance, in April 2022, ChimeronBio announced that it had signed a manufacturing agreement with FUJIFILM DiosynthBiotechnologies (FDB) to advance its oncology portfolio to include clinics. ChimeronBio opted for FUJIFILM DiosynthBiotechnologies as its partner for transferring and scaling its drug substance manufacturing process.

However, stringent regulatory requirements and increasing logistics costs are factors hindering the growth of the market studied.

Biopharmaceutical Contract Manufacturing Market Trends

This section covers the major market trends shaping the Biopharmaceuticals Contract Manufacturing Market according to our research experts:

The Vaccine Segment is Expected to Hold Significant Share in the Market over the Forecast Period

The vaccine segment holds a significant market share in the biopharmaceuticals contract manufacturing market. It is anticipated to showcase a similar trend over the forecast period owing to increasing advancements in monoclonal antibody therapy.

The COVID-19 pandemic indicated the potential of vaccine manufacturing and outsourcing as a sustainable revenue stream for companies operating in the market studied. Following the COVID-19 vaccine, the introduction of boosters is expected to create a favourable landscape for the growth of CMO vendors. For instance, in October 2021, Novartis announced an initial agreement to use its manufacturing capacity and capabilities to address the COVID-19 pandemic by expanding its support of the Pfizer-BioNTech COVID-19 vaccine fill and finish. Novartis was set to complete at least 24 million doses in 2022 using its sterile production capabilities at the Novartis Technical Operations plant in Ljubljana, Slovenia. Thus, the increase in CMO agreement for COVID-19 vaccines is expected to boost the growth of the segment.

Besides, initiatives by various governments and health organizations worldwide to provide vaccinations to all people also contribute to the growth of the market studied. For instance, as per the WHO, in February 2022, Djibouti's Ministry of Health, with technical support from the WHO and UNICEF, launched a five-day national polio vaccination campaign to vaccinate approximately 150,000 children in Djibouti. These vaccine drives focusing on the preventive measures for various diseases are expected to drive the growth of the market studied during the study period.

The various strategies adopted by the market players, such as product launches, mergers, and acquisitions, are expected to boost the growth of the segment. For instance, in January 2022, Recipharm AB reported a deal with a big pharmaceutical company to support vaccine manufacturing from its facility in Kaysersberg, France. The company invested almost EUR 14 million into its vaccine manufacturing offering at the site.

Thus, the segment is expected to witness significant growth over the forecast period due to the above-mentioned factors.

Biopharmaceuticals Contract Manufacturing Market - Number of Covid 19 Approved Vaccines, By Country, 2022

North America is Expected to Hold a Significant Share in the Market and Expected to do the Same in the Forecast Period

Within North America, the US is expected to hold a major market share in the biopharmaceutical contract manufacturing market due to the presence of several biopharmaceutical companies with large production capacities, leading to the high consumption of biologics in this region. According to January 2022, update from the CDC, tuberculosis incidence rose 9.4% during 2021 (2.4 cases per 100,000 persons) compared to previous years in the United States. As the burden of chronic diseases is expected to rise, so is the need for biological drugs used in treating such conditions. As a result, the need for contract manufacturing products is expected to rise.

Moreover, several market players are engaged in the implementation of strategic initiatives such as mergers and partnership agreements. For instance, in March 2021, Baxter International Inc. agreed on Baxter BioPharma Solutions (BPS) to provide fill/finish sterile manufacturing services and supply packaging for approximately 60-90 million doses of the Moderna COVID-19 Vaccine in 2021.

Thus, due to the above-mentioned factors, the market is expected to witness significant growth in the region during the forecast period.

Biopharmaceuticals Contract Manufacturing Market - Growth Rate by Region

Biopharmaceutical Contract Manufacturing Industry Overview

The biopharmaceuticals contract manufacturing market is consolidated and consists of a few major players. In terms of market share, certain major players are currently dominating the market. Some of the companies currently dominating the market are Boehringer Ingelheim GmbH, Lonza, Inno Biologics Sdn Bhd, Rentschler Biotechnologies GmbH, JRS Pharma (Celonic), Samsung BioLogics, WuXi Biologics, AGC Biologics, ProBioGen AG, and FUJIFILM Diosynth Biotechnologies USA Inc.

Biopharmaceutical Contract Manufacturing Market Leaders

  1. Boehringer Ingelheim GmbH

  2. JRS Pharma (Celonic)

  3. Lonza Group

  4. Rentschler Biotechnologie GmbH

  5. Inno Biologics Sdn Bhd

*Disclaimer: Major Players sorted in no particular order

Biopharmaceuticals Contract Manufacturing Market Concentration
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Biopharmaceutical Contract Manufacturing Market News

  • September 2022: Shuttle Pharmaceuticals Holdings Inc. entered an agreement with TCG GreenChem, Inc. to manufacture Ropidoxuridine, the company's lead clinical sensitizer drug candidate, for use in formulating the drug product for testing in clinical trials of Ropidoxuridine and RT of cancers.
  • January 2022: INCOG BioPharma Services, the Indiana-based contract development and manufacturing organization (CDMO) specializing in sterile injectables, announced that the construction of its manufacturing facility and global headquarters in Fishers is nearing completion.

Biopharmaceutical Contract Manufacturing Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Outsourcing by Biopharmaceutical Firms

      2. 4.2.2 Increasing Investments in Research and Development

      3. 4.2.3 Expansion in the Service Offering of CMOs

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Requirements

      2. 4.3.2 Increasing Logistics Costs

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 Product Type

      1. 5.1.1 Peptides/Proteins

      2. 5.1.2 Antibodies

      3. 5.1.3 Vaccines

      4. 5.1.4 Biosimilars

      5. 5.1.5 Other Product Types

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boehringer Ingelheim GmbH

      2. 6.1.2 Lonza Group

      3. 6.1.3 Inno Biologics Sdn Bhd

      4. 6.1.4 Rentschler Biotechnologie GmbH

      5. 6.1.5 JRS Pharma (Celonic)

      6. 6.1.6 Samsung BioLogics

      7. 6.1.7 WuXi Biologics

      8. 6.1.8 AGC Biologics

      9. 6.1.9 ProBioGen AG

      10. 6.1.10 FUJIFILM Diosynth Biotechnologies USA Inc

      11. 6.1.11 INCOG BioPharma Services

      12. 6.1.12 Pressure BioSciences

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Biopharmaceutical Contract Manufacturing Industry Segmentation

As per the scope of the report, a contract manufacturing organization (CMO) is a company that serves other companies in the biopharmaceutical industry on a contract basis to provide comprehensive services from drug development to drug manufacturing. The biopharmaceuticals contract manufacturing market is segmented by product type and geography. By product type, the market is segmented into peptides/proteins, antibodies, vaccines, biosimilars, and other product types. By geography, the report examines the biopharmaceuticals contract manufacturing market in North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the market size and forecasts in terms of value in USD million for the above segments.

Product Type
Peptides/Proteins
Antibodies
Vaccines
Biosimilars
Other Product Types
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Biopharmaceutical Contract Manufacturing Market Research FAQs

The Biopharmaceuticals Contract Manufacturing Market size is expected to reach USD 41.71 billion in 2024 and grow at a CAGR of 13.68% to reach USD 79.19 billion by 2029.

In 2024, the Biopharmaceuticals Contract Manufacturing Market size is expected to reach USD 41.71 billion.

Boehringer Ingelheim GmbH, JRS Pharma (Celonic), Lonza Group, Rentschler Biotechnologie GmbH and Inno Biologics Sdn Bhd are the major companies operating in the Biopharmaceuticals Contract Manufacturing Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Biopharmaceuticals Contract Manufacturing Market.

In 2023, the Biopharmaceuticals Contract Manufacturing Market size was estimated at USD 36.69 billion. The report covers the Biopharmaceuticals Contract Manufacturing Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Biopharmaceuticals Contract Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Biopharmaceutical Contract Manufacturing Industry Report

Statistics for the 2024 Biopharmaceutical Contract Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biopharmaceutical Contract Manufacturing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Biopharmaceutical Contract Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)