The Worldwide Market for Biotech API Manufacturing Services Will Reach $4.36bn in 2016

Monday 3 October 2016, Amsterdam

A new report, now available on ASDReports, predicts that the worldwide market for biotech API manufacturing services will reach $4.36bn in 2016. This forecast and others appears in Biological Drug API Manufacturing Services World Industry and Market Predictions 2016-2026: Mammalian Cell Culture, Microbial Fermentation, Human Growth Hormones, Insulin, Interferons, Monoclonal Antibodies, Vaccine published in August 2016.

Biological Drug API Manufacturing Services World Industry and Market Predictions 2016-2026: Mammalian Cell Culture, Microbial Fermentation, Human Growth Hormones, Insulin, Interferons, Monoclonal Antibodies, Vaccine reviews the contract active pharmaceutical ingredient (API) manufacturing market for biologics. This study gives quantitative and qualitative analysis for that overall world market, as well as for countries and other submarkets, including the mammalian cell culture and microbial fermentation segments. This report assesses leading applications and significant developments within each, as well as drivers and restraints for them. Future trends that will affect the biotech API manufacturing services market are also examined. In addition, this study profiles leading contract manufacturing organisations (CMOs) in the outsourcing market and assesses their outlooks. The key player provides forecasts revenues for the period 2015 to 2026 for the biotech API manufacturing services market, as well as for therapeutic applications.

“The outsourcing of biotech API contract manufacturing to contract manufacturing organizations around the world offers a number of benefits. As pharmaceutical companies around the world aim to cut costs in an increasingly crowded market CMOs offer scheduled and affordable services; without the high cost associated with building new manufacturing facilities. Contract manufacturing organizations also benefit smaller pharmaceutical companies, who outsource to access expertise and gain entry to markets they otherwise would not be able to reach; particular in emerging nations where the industry is on a rapid rise. Ultimately biotech API contract manufacturing helps to increase the interconnected nature of the pharmaceutical industry benefiting a number of groups as in continues to grow in the ever expanding pharmaceutical industry. “ says Arvind Deol, pharmaceutical market analyst