San Francisco, CA - Vaccine Contract Manufacturing Market
size is expected to reach USD 4.0 billion by 2025, A vaccine provides active
acquired immunity to a disease. The demand for vaccine contract manufacturing
is increasing in the market. Vaccine manufacturing is a complex process, in
which effectivity, safety and consistency are the most important part for the
manufacturers. It offers many services such as production process, cell line
development, construction & operation of manufacturing product, process
optimization, fermentation and analytical characterization, which fuels the
market growth in the coming years. The vaccine contract manufacturing market
registering a CAGR of 9.3% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
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Vaccine contract services offer cost-saving benefits to
their clients. Also, they help to save time in operations & management of a
research and production facility. The growing demand for vaccine development
from the private sector as well as governments in developing and industrialized
countries is expected to witness significant growth of the market in the coming
years.
In the market, various types of vaccines are available such
as inactivated vaccines, attenuated vaccines, toxoid-based vaccines,
subunit-based vaccines, DNA-based vaccines, recombinant vector vaccines,
synthetic vaccines and others. The “attenuated vaccines” is expected to hold
the large market share in the upcoming period due to their ability to elicit
strong and antibody responses. These vaccines offer lifetime immunities with
just one or two doses. Moreover, proper handling conditions, especially with
respect to storage and maintenance will continue to drive the segment in the
coming years.
In addition, in the market some single as well as
combination vaccine are available. The single vaccine such as influenza virus,
ebola virus, chickenpox, smallpox, polio, tetanus, tuberculosis and others
could be explored in vaccine contract manufacturing industry. The factors that
play an important role in the growth of market include increasing demand,
growing population, increasing urbanization & industrialization, growing
pharmaceutical industry, increase in the number of countries demanding the
introduction of vaccines, stringent government rules & regulations and increasing
awareness about vaccination & its benefits in developing countries.
Moreover, increasing prevalence of various bacterial and viral infections is a
main factor drive the growth of the vaccine contract manufacturing market in
the next couple of years.
The key players contributing to the robust development of
the vaccine contract manufacturing market include Lonza, Paragon Bioservices
Inc., Ajinomoto Althea Inc., FUJIFILM Diosynth Biotechnologies U.S.A. Inc.,
Merck KGaA, Cytovance Biologics, Catalent Inc., IDT Biologika GmbH, Albany
Molecular Research Inc., PRA Health Sciences, ICON plc., Pharmaceutical Product
Development, LLC, and Cobra Bio. The major market players are focusing on
inorganic growth to sustain themselves amidst fierce competition. As such,
mergers, acquisitions, and joint ventures are the need of the hour.
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Regional Analysis For
Vaccine Contract Manufacturing Market:
For comprehensive understanding of market dynamics, the
global Vaccine Contract Manufacturing Market is analyzed across key geographies
namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of
these regions is analyzed on basis of market findings across major countries in
these regions for a macro-level understanding of the market.
Significant Features
that are under Offering and Key Highlights of the Reports:
– Detailed overview of Vaccine
Contract Manufacturing Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of
volume and value
– Recent industry trends and developments
– Competitive landscape of High-Performance Alloys Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising
growth.
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