APAC Biopharmaceutical Contract Manufacturing Market

APAC Biopharmaceutical Contract Manufacturing Market Size (2023 to 2028)

As per our research report, the size of the Asia-Pacific biopharmaceutical contract manufacturing market is expected to be valued at USD 1.38 billion in 2023. It is expected to rise at a CAGR of 9.38% and expand to USD 2.16 billion by 2028.

A contract manufacturing organization (CMO) is a company that provides complete services from drug discovery to drug manufacturing to other companies in the biopharmaceutical industry on a contract basis.

One of the most important factors is that large biopharmaceuticals differ from small pharmaceutical molecules in size, behavior, manufacturing, and how they function in the human body. In addition, making such giant molecules is a lot more complicated than making typical medications.

Furthermore, biopharma is a highly technological business with numerous complex procedures that only a few players have mastered. Biopharmaceutical businesses have been increasing in size for some years, and large pipeline compounds in clinical trials suggest that this trend will continue.

Another factor driving the market is the decision of major biopharmaceutical companies to outsource specific portions of their operations, which can help with scalability or let the significant company concentrate on drug discovery and marketing. Biotechnology companies continue to outsource to contract manufacturing organizations (CMOS) to meet their fill-and-finish demands and decrease risk.

In the biopharmaceuticals contract manufacturing business, government backing is becoming increasingly important. As a result, the biopharmaceuticals contract manufacturing market's players heavily rely on this factor. In addition, in the biopharmaceuticals contract manufacturing industry, the adoption of cutting-edge strategies to generate high-performance medications is gaining traction.

Furthermore, as the biopharmaceutical business grows, companies are encountering production challenges such as a lack of experience and sophisticated equipment when using in-house manufacturing.

On the other hand, large-scale companies see outsourcing as risky due to the loss of strategic control and management oversight. As a result, big pharmaceutical corporations prefer to keep their manufacturing processes in-house. To some extent, this is projected to provide a hurdle to the rise of CMOS.

This research report on the APAC Biopharmaceutical Contract Manufacturing Market has been segmented and sub-segmented into the following categories:

By Product Type:

• Insulin
• Monoclonal Antibodies
• Growth Factors
• Interferons
• Recombinant Proteins
• Vaccines
• Others

By Therapeutic Area:

• Infectious Disease
• Cardiovascular Disease
• Oncology
• Metabolic Disease
• Respiratory Disorder
• Autoimmune Disease
• Neurology
• Ophthalmology
• Others

By Application:

• Commercial
• Clinical

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the APAC region is the fastest-growing biopharmaceuticals contract manufacturing market, owing to many biopharmaceutical companies with significant production capacity and the increasing consumption of biologics in this region.

Furthermore, the growing emphasis on superior biopharmaceutical products, biosimilars, and biopharmaceutical-based research and development activities accounted for a significant percentage of weightage carried out in various sectors, fueling the overall regional market growth to a large extent.

Asia Pacific may emerge as a growth hub for the biopharmaceuticals contract manufacturing market. Increased research and development could be a significant growth driver for the biopharmaceuticals contract manufacturing industry.

Furthermore, biopharmaceuticals contract manufacturing market manufacturers are expanding their production facilities to facilitate large-scale drug and vaccine production in the region.

Due to lower operating and production costs given by nations like India and China, Asia Pacific could play a significant role in the biopharmaceuticals contract manufacturing market.

KEY MARKET PLAYERS:

The Top companies leading in the APAC Biopharmaceutical contract manufacturing market profiled in the report are Lonza Group AG, Baxter Biopharma Solutions, Samsung Biologics Co., Ltd., Fujifilm Diosynth Biotechnologies, Boehringer Ingelheim GmbH, Patheon N.V., Rentschler Biotechnologie GmbH, Biomeva GmbH, Probiogen AG, Cytovance Biologics, Inc., KBI Biopharma, Inc., WuXi Biologics, Abzena Plc, Vetter Pharma International GmbH, Sandoz International GmbH, Catalent, Inc., AbbVie Contract Manufacturing (An AbbVie Company), Ajinomoto Althea Inc.,