Antibodies Contract Manufacturing on Rise as Biopharmaceutical Companies on scaling up mAb Production

Antibodies Contract Manufacturing on Rise as Biopharmaceutical Companies on scaling up mAb Production

PR Newswire

NEW YORK, Nov. 23, 2021

NEW YORK, Nov. 23, 2021 /PRNewswire/ -- As per Persistence Market Research's latest industry analysis, the global antibodies contract manufacturing market was valued at 3.87 Bn in 2020, and is expected to exhibit a high CAGR of close to 13% over the forecast period (2021-2031).

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Rising prevalence of cancer and infectious diseases is creating rapid development and commercialization need for biopharmaceutical therapeutics. Ultimately, rise in the prevalence of both conditions is expected to drive the need for biologics.

With advancements in contract solutions, leading CDMOs are focusing on the expansion of their integrated capabilities from molecule-to-finished product. The trend is significant as the acceleration of development and speed to market is becoming more crucial for biopharmaceutical and biologics developers.

Owing to their high specificity and favorable safety profile associated with antibodies, contract manufacturing outsourcing presently comprises the largest class of biologics in the business, owing to legacy challenges related to the development and manufacturing of biologics.

Focusing on reduction in operating costs through outsourcing of R&D and commercialization of antibodies to CMOs/CDMOs could increase operational efficiency. Outsourcing at later stages of clinical development through identification and appointment of a strategic partner could improve efficiencies all along the value chain.

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The current biologics-development pipeline supports an outlook of continued healthy growth. The number of biotech patents applied for every year has been growing at approximately 23% annually. According to Persistence Market Research, there are currently more than 1,500 biomolecules undergoing clinical trials, which targeting more than 100 hundred types of diseases, and the success rate for biologics has so far been over twice that of small-molecule products.

Key Takeaways from Market Study

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"Strong biologics pipeline and growing contract manufacturing service adoption are expected to drive market growth over the coming years," says an analyst of Persistence Market Research.

Market Competition

New product launches and approvals, agreements, expansion, acquisition collaborations, and partnerships have emerged as key growth strategies being adopted by industry players. By focusing on these strategies, key stakeholders are expanding their geographic footprints and strengthening their existing product portfolios.

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What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the antibodies contract manufacturing market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031

The research study is based on product (monoclonal antibodies, antibody fragments, and polyclonal antibodies), expression system (mammalian and microbial {bacteria and yeast}), company size (small, mid-sized, large, and very large), and scale of operation (preclinical, clinical, and commercial), across seven key regions of the world.

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