BIOLOGICS OUTSOURCING MARKET ANALYSIS

Biologics Outsourcing MarketSize and Trends

Global Biologics Outsourcing market is estimated to be valued at US$ 19.67 Billion in 2023 and is expected to exhibit a CAGR of 12.9% during the forecast period (2023-2030). Growing trend of biological outsourcing by biopharma companies in order to adopt inorganic growth strategies such as partnership, is expected to drive the growth of the biologics outsourcing market over the forecast period. Moreover, the rising therapeutic value of biologics is expected to drive the market growth in the near future.

Global Biologics Outsourcing Market Segments:

Based on product and service type, the market is segmented into Product and Services. Out of which, Product segment is expected to dominate the Biologics Outsourcing market during the forecast period, increasing inorganic growth strategies such as partnership by the key market players.  

Based on source, the market is segmented into Mammalian and Microbial. Out of which, Mammalian segment is expected to dominate the market over the forecast period, due Increasing adoption of inorganic growth strategies such as acquisitions.

Based on application, the Biologics Outsourcing market is segmented into Oncology, Cellular and Gene Therapy, Blood & Blood-Related Products Development, Vaccine Development, Stem Cell Research and Others. Oncology segment is expected to dominate the market over the forecast period, due to increasing adaptation of inorganic growth strategies such as partnerships by key market players for the development of novel therapies for cancer.

Based on end user, the Biologics Outsourcing market is segmented into Pharmaceutical Industries, Biotechnology Industries, Contract Development & Manufacturing Organization (CDMO). Pharmaceutical Industries segment is expected to dominate the market over the forecast period, due to increasing launches of service models by companies that provide outsourcing facilities to pharmaceutical companies with time and cost-efficient preparedness strategy for overcoming supply chain risks

Based on Region, global biologics outsourcing market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the market over the forecast period, due to increasing adoption of inorganic growth strategies such as partnership between key players operating in the market and pharmaceutical companies to address the shortage of pharmaceutical products.