Biological Drug Api Manufacturing Services Market Set To Grow To $9.9 Bn By 2027
14 August 2018
Visiongain has launched a new pharma report Biological Drug API Manufacturing Services World Industry and Market Predictions 2017-2027 : Analysis and Forecasts for Mammalian Cell Cultures, Microbial Fermentations, Other Expression Systems, Human Growth Hormones, Insulin, Interferons, Monoclonal Antibodies, Vaccines and Geography
The pharmaceutical industry is one of the largest and most consistent markets in the world. In order to meet the growing demand for pharmaceutical medications in an ever-growing population, companies are increasingly turning to API manufacturing originations. These organizations utilize the latest in biotechnology research to provide pharmaceutical companies with the raw biological components they need to thrive.
Biotech API manufacturing is the term used to describe the process of creating the basic components used to produce a pharmaceutical product for the biotech industry. The process of creating a pharmaceutical product, for example a medication, requires that components be manufactured first in the primary manufacturing process, before the drug can be created. APIs or active pharmaceutical ingredients are main components needed to build a product in the secondary manufacturing process. In the past, biotech APIs were usually manufactured in-house by pharmaceutical companies, but the current trend is to outsource biotech API manufacturing to CMOs (contract manufacturing organisations) or for a large pharmaceutical company to buy a smaller CMO to make use of its in-house manufacturing service. The reason in-house manufacturing is less common now is due to the high cost of the facilities and infrastructure needed for produce APIs. APIs can be of two types- a small molecule API created by chemical synthesis, or a large biologic, created through fermentation processes.
The visiongain report analyst commented “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.”
Leading companies who are providing biological API manufacturing services featured in the report include Lonza, DSM Biologics, Boehringer Ingelheim BioXcellence, Celltrion. Sandoz, Lonza, AbbVie Contract Manufacturing, GSK Biopharmaceuticals, Samsung BioLogics and Cytovance Biologics
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