Published by mark itwired
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The biopharmaceutical contract manufacturing market is set to reach $17 billion by 2029, driven by outsourcing and technological advancements.
Reduced overall time to market investment in new drugs, access to expensive technologies, and greater flexibility are some advantages offered by biopharmaceutical manufacturing companies. On the back of these factors, several large companies have outsourced their biopharmaceutical manufacturing operations. Biopharmaceutical contract manufacturing is highly preferred among biopharmaceutical companies with limited in-house production capacity. Pharmaceutical companies mainly focus on core areas of competence, and hence, do not prefer to take financial risks in the event of formulating the final dose of medicines. This is anticipated to accelerate the growth of the global biopharmaceutical contract manufacturing market during forecast period, estimated to be valued at US$ 17 Bn by 2029.
Key Takeaways of Biopharmaceutical Contract Manufacturing Market Study
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Biopharmaceutical Contract Manufacturing Market
Competitive Landscape of Biopharmaceutical Contract Manufacturing Market
Key players in the biopharmaceutical contract manufacturing market are now focusing on geographic expansion through mergers and acquisitions. In October, 2017, Catalent Inc. acquired Catalent Indiana, earlier called Cook Pharmacia, LLC., which was an integrated provider of drug products and drug substance and related services. Further, leading players in the biopharmaceutical contract manufacturing market are also involved in different industrial developmental activities to expand their service offerings. For instance, in 2016, Sandoz International GmbH entered into an agreement with Kyowa Hakko Kirin Co., Ltd. for the promotion and distribution of its monoclonal antibody biosimilar – Rituximab, in Japan.
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The article discusses the growth of the biopharmaceutical contract manufacturing market, projected to reach $17 billion by 2029.
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