Global Biologics CDMO Market: Insights and Forecast with Impact of COVID-19 (2021-2026)

DELHI, India - March 3, 2022 - PRLog -- According to Azoth Analytics research report, the global Biologics CDMO Market was valued at USD 9.9 Billion in the year 2020. Growth opportunities for the Biologics CDMO market is attributed to the growth of the geriatric population, rising technical advancements by the CDMO service providers, increasing trend of outsourcing the drug development processes in the world and increasing number of research and development activities by some of the key market players in the global platform. In addition, increasing per capita disposable income, rising global healthcare expenditure along with demand for new therapeutic drugs in the market is driving the Biologics CDMO market.

Moreover, with the rising prevalence of diseases in the world, it is expected that there will be more demand for new drugs which is likely to push the growth of Biologics CDMOs. Also, the rising number of pharmaceutical companies in the emerging economies, increasing demand for novel therapeutic applications along with high demand for biologics are the major factors propelling the market growth. Furthermore, the increased outsourcing trend by small and large pharmaceutical companies provides a promising opportunity for contract development and manufacturing organizations (CDMOs).

Scope of the Report

• The report presents the analysis of the Biologics CDMOs market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the Biologics CDMOs Market by Value (USD Billion)
• The report analyses the Biologics CDMOs Market by Type (Mammalian and Non-Mammalian).
• The report analyses the Biologics CDMOs Market by Product Type(Biologics and Biosimilars)
• The Global Biologics CDMOs Market has been analysed By Region (North America, Europe, Asia Pacific, LAMEA).
• The attractiveness of the market has been presented by region, by Type and By Product Type.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
• The companies analysed in the report include Lonza Group AG, Samsung Biologics, AbbVie Inc., WuXi Biologics Inc., Toyobo Co. Ltd., AGC Inc., Thermo Fisher Scientific Inc., ICON Plc, Boehringer Ingelheim and Fujifilm Diosynth Biotechnologies.

For more Information:

https://azothanalytics.com/report/healthcare-and-pharmaceutical/global-biologics-cdmo-market-2022-edition-analysis-by-type-mammalian-non-mammalian-product-type-biologics-biosimilars-by-region-by-country-market-insights-and-forecast-with-impact-of-covid-19-2021-2026

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