Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.78 Billion | USD 6.61 Billion | 9.2% | 2024 |
FrequentlyAsked Questions
Biologics outsourcing refers to the practice of pharmaceutical and biotech companies contracting external organizations (often Contract Development and Manufacturing Organizations, or CDMOs) to handle various stages of biologics development and production. Biologics are complex drugs made from living organisms—like vaccines, monoclonal antibodies, and cell or gene therapies.
The global biologics outsourcing market is expected to grow due to rising complexity and cost of biologics development and manufacturing, coupled with the growing need for specialized expertise and capacity.
According to a study, the global biologics outsourcing market size was worth around USD 2.78 Billion in 2024 and is expected to reach USD 6.61 Billion by 2034.
The global biologics outsourcing market is expected to grow at a CAGR of 9.2% during the forecast period.
North America is expected to dominate the biologics outsourcing market over the forecast period.
Leading players in the global biologics outsourcing market include Catalent Inc., Lonza Group AG, Wuxi Biologics, Boehringer Ingelheim, Abzena Limited, GL Biochem Corporation, among others.
The report explores crucial aspects of the biologics outsourcing market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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