CYTOTOXIC DRUGS CONTRACT MANUFACTURING MARKET ANALYSIS

Market Challenges And Opportunities

Cytotoxic drugs contract manufacturing are the services that are utilized by the pharmaceutical, biotech manufacturing companies, in order to treat chronic diseases such as cancer. For instance, new immuno-oncology therapies such as antibody-drug conjugates, which are manufactured through high potency active pharmaceutical ingredients (HPAPIs) by cytotoxic drugs manufacturing companies. These contract manufacturing firms gained operational expertise, geographic reach, and necessary infrastructure to efficiently handle cytotoxic drugs. This helps pharmaceutical and biotech firms to offer novel therapies in the quickest possible time.

Increasing investment by the market players for expansion of facility, in order to enhance its market share is one of major factors that is expected to drive growth of the cytotoxic drugs contract manufacturing market. For instance, in June 2019, Piramal Pharma Solutions (PPS), a leading Contract Development and Manufacturing Organization (CDMO), announced about the opening of a new wing at the Riverview site. U.S., dedicated for production of high potency active pharmaceutical ingredients (HPAPIs) with low occupational exposure levels (OELs). Total investment required to upgrade the site was around US$ 10 million. Moreover, in February 2013, Baxter BioPharma Solutions expanded its cytotoxic contract manufacturing facility in Halle (Westfalen), Germany. The company expanded its manufacturing capacity to 1,750 square meters. Furthermore, in July 2013, Baxter BioPharma Solutions launched a new packaging line at its Halle/Westfalen, Germany facility to support BioPharma Solutions’ cytotoxic contract manufacturing services.

Increasing adoption of acquisition and collaboration strategies by key players is expected to boost demand for cytotoxic drugs contract manufacturing over the forecast period. For instance, In November 2015, Merck KGaA (SAFC Pharma) acquired Sigma-Aldrich to expand its offerings, capabilities, geographic presence, and life sciences segment.