Biologics Contract Manufacturing Market to Exceed Valuation of US$ 47.3 Bn by 2031, Says TMR Study

Biologics Contract Manufacturing Market to Exceed Valuation of US$ 47.3 Bn by 2031, Says TMR Study

PR Newswire

ALBANY, N.Y., Jan. 7, 2022

- The biologics contract manufacturing market is estimated to gain revenue-generating opportunities owing to rising efforts to commercialize ublituximab for the treatment of blood cancer

- Biotech and pharmaceutical companies are entering into agreements and mergers with contract manufacturers to cater to the rising demand for COVID-19 vaccines

ALBANY, N.Y., Jan. 7, 2022 /PRNewswire/ -- A study by Transparency Market Research (TMR) projects the global biologics contract manufacturing market to expand at a CAGR of 12.2% during the forecast period, 2021 to 2031.

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Several healthcare professionals are mainly focusing on the use of monoclonal antibodies as a key therapeutic in the blood cancer treatment. Thus, to capitalize on such trends, biopharmaceutical companies are expanding their production capabilities in monoclonal antibodies.

Several enterprises operating in the biologics contract manufacturing market are collaborating with other companies in order to boost the production of ublituximab as well as support its commercialization. Furthermore, they are focused on catering to the globally increasing demand for ublituximab.

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Biologics Contract Manufacturing Market: Key Findings

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Biologics Contract Manufacturing Market: Growth Boosters

Biologics Contract Manufacturing Market: Competition Landscape

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Biologics Contract Manufacturing Market: Key Players

Some of the key players profiled in the report include:

Biologics Contract Manufacturing Market Segmentation



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