The global vaccine contract manufacturing market size was valued at USD 2.65 billion and is expected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to owing to the rising demand for vaccines for the treatment and prevention from diseases.
Vaccines manufacturing is a process of developing and preparation of potential drugs for the treatment of diseases where expertise in the field is required. Apart from ensuring the safety and effectiveness of the treatment of disease, the vaccines produced are aimed at preventing or annihilation of diseases infection. The market is largely influenced by the rise of chronic illness and infectious diseases, which are varied from one country to other.
Massive expenditures in the installation and development of equipment, facilities, and hiring skilled labor that seeks to continue localize supply of essential materials and components for vaccines are some key factors expected to influence the acceptance of contract services. Moreover, certain countries need to update their equipment for manufacturing that requires them to indulge in partnerships with contract manufacturers to meet market demand. Increase in the number of product pipeline has fueled the demand for outsourcing services to decrease the timeline for their entry. Small scale and large scale firms are observed to be outsourcing to develop product pipeline at low cost.
The report on the global vaccine contract manufacturing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Vaccine Contract Manufacturing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Vaccine Types (Attenuated, Inactivated, Subunit-based, Toxoid-based, and DNA-based), Workflows (Downstream [Packaging, Analytical & QC Studies, And Fill & Finish Operations], Upstream [Yeast Expression Systems, Bacterial Expression Systems, Mammalian Expression Systems, Baculovirus/Insect Expression Systems, And Others]), and Applications (Human Use and Veterinary) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Lonza Group; FUJIFILM Diosynth Biotechnologies U.S.A., Inc.; Ajinomoto Bio-Pharma Services, Inc.; Merck KGaA; Cytovance Biologics, Inc.; Catalent, Inc.; IDT Biologika GmbH; Albany Molecular Research, Inc.; PRA Health Sciences; ICON plc.; Pharmaceutical Product Development, LLC; Cobra Biologics; and Paragon Bioservices, Inc. |
Based on vaccine types, the global vaccine contract manufacturing market is divided into attenuated, inactivated, subunit-based, toxoid-based, and DNA-based. The attenuated segment is expected to grow at a rapid pace in the coming years owing to wide approval of large number of the vaccine types. However, the inactivated segment is anticipated to account for a key market share during the forecast period as they are safer and stable than other vaccine types.
On the basis of workflows, the market is bifurcated into downstream and upstream. The downstream segment is further divided into packaging, analytical & QC studies, and fill & finish operations. The upstream segment consists of yeast expression systems, bacterial expression systems, mammalian expression systems, baculovirus/insect expression systems, and others.
The downstream segment is projected to expand at a considerable CAGR during the forecast period owing to a high requirement for biotechnological tools and skilled personnel. Meanwhile, the upstream segment is anticipated to constitute a considerable market share during the forecast period due to advancements in bioprocessing techniques.
Based on applications, the global vaccine contract manufacturing market is bifurcated into human use and veterinary. The human use segment is expected to exhibit a robust growth rate during the targeted period owing to wide range of illness and disease infections in humans. On the other hand, the veterinary segment is anticipated to expand at a healthy CAGR during the forecast period due to increase in the demand for animal-based vaccines.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to constitute a key share of the market in the coming years owing to widespread manufacturing of vaccines in the region. The market of Asia Pacific, however, is anticipated to grow significantly during the forecast period due to improving infrastructure and regulatory changes related to vaccine manufacturing and entering business contracts.
The global vaccine contract manufacturing market has been segmented on the basis of
Key players competing in the vaccine contract manufacturing market are Lonza Group; FUJIFILM Diosynth Biotechnologies U.S.A., Inc.; Ajinomoto Bio-Pharma Services, Inc.; Merck KGaA; Cytovance Biologics, Inc.; Catalent, Inc.; IDT Biologika GmbH; Albany Molecular Research, Inc.; PRA Health Sciences; ICON plc.; Pharmaceutical Product Development, LLC; Cobra Biologics; and Paragon Bioservices, Inc. The main market players are continuously engaged in activities such as mergers and acquisitions, research and developments, investments for innovative products, and collaborations.
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