In 2020, Pyrogen Testing market for antibody contract manufacturing is expected to be worth $3.87 billion. A robust biologics pipeline and the development and marketing of next-generation biotherapeutics to treat serious life-threatening ailments like chronic illnesses, autoimmune diseases, and cancer will increase demand for contract development and manufacture.
The evolution of the illness, product approvals on a global scale, the rise in R&D partnerships between different public and private organisations, and other important factors are also projected to drive demand for antibodies contract manufacturing over the projection period.
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What lies ahead for the contract manufacturing of antibodies?
More consolidation will occur in the worldwide antibody contract manufacturing market as major competitors turn to inorganic growth strategies to provide integrated customer solutions. Additionally, chances for contract production of antibodies with prospective capabilities are growing as a result of scientific developments in biopharmaceuticals.
Differentiation strategies for long-term profitability are being driven by the burgeoning antibodies contract manufacturing business model, transformation in the pharmaceutical ecosystem, disruptive drug development and manufacturing technologies, and significant growth opportunities in the production of high potency and biopharmaceuticals.
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What factors limit the demand for contract manufacturing of antibodies?
- The cost of finished goods is significantly influenced by global regulatory laws, cGMP, inspection regime tightening, supply chain security challenges across rising countries, and R&D financing for some initiatives.
- Due to these considerations, new entrants who want to enter the biopharmaceutical contract manufacturing industry face financial difficulties.
- One of the main obstacles is the high investment required for contract manufacture of antibodies, as biopharma companies have invested more than US$ 50 Bn in new facilities and machinery in the last five years alone.
- A large portion of that has been in emerging markets and tax havens like Singapore and Ireland.
Competitive Environment
- In order to purchase Pfizer’s biologics drug ingredients, drug manufacturing facilities, as well as the personnel in China, Wuxi Biologics entered into an equity deal with the pharmaceutical giant in March 2021. Wuxi will be able to expand its drug substance and drug product portfolio in the Chinese market thanks to this acquisition.
- In order to increase its manufacturing capacity and apply viral vector suspension capabilities, AGC Biologics constructed a new manufacturing facility in Italy in March 2021. These developments will help the business increase its market share in the CDMO sector.
- In August 2020, Avid Bioservices and Mapp Biopharmaceutical Inc. signed a deal for the clinical development of brand-new human monoclonal antiviral antibodies. Similarly, recent advancements in the manufacture of antibodies under contract
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