The report also states that the analytical and QC studies services market is expected to observe an incremental growth of over $322 million by 2026. Additionally, biopharma companies outsource fill/finish needs to gain access to specialised technology. Hence, vaccine manufacturers outsource these services to CMOs. According to the report, these steps are often outsourced because of the extreme regulatory scrutiny in this area – and because fill/finish tend to be costly. The fill/finish services market is anticipated to grow at a CAGR of approximately 13 percent between 20. With the mRNA platform positioned as the emerging, non-infectious and non-integrating technology and the global RNA market expected to observe an incremental growth of over 124 percent during the forecast period, how this will affect contract manufacturing is undecided. Interestingly, the report states that RNA vaccines are faster and less expensive than traditional ones. They have complex manufacturing requirements, which increase pharma and biotech R&D budgets and thus companies outsource their manufacture to meet demands and reduce costs. The global live-attenuated vaccines contract manufacturing market is anticipated to grow to over $1 billion by 2026, since live attenuated serums are one of the most widely used vaccination technologies. The report states that this is due to the emergence of pandemics and epidemics forcing national and international bodies to implement stricter vaccination programmes, which is likely to increase the demand for vaccine production and thus drive growth in the vaccine contract manufacturing market.
Sub-unit vaccines accounted for the largest share of the market in 2020, some 34 percent, and are likely to witness the highest incremental growth (over $633 million) during the forecast period.
As a result, the preclinical segment accounted for a share of 13 percent of the global vaccine contract manufacturing market in 2020 and there are now several serums in the pipeline for wide-ranging contagious diseases, including COVID-19. The authors of the report suggest that recent pandemics and epidemics, including COVID-19, Ebola and Lassa fever have all highlighted the urgent need for vaccines and therapeutics against emerging and re-emerging infectious diseases. The clinical vaccine contract manufacturing market is expected to experience an absolute growth of over 113 percent and an incremental growth of over $492 million over the forecast period. Market by scale of operationĪccording to the report, commercial vaccine contract manufacturing accounted for over 64 percent of the market in 2020, primarily as a result of the COVID-19 pandemic. Other factors that may encourage growth in the market include growing populations and healthcare awareness, demand for newer vaccination products, increasing global vaccination coverage. The analysts suggest this is because outsourcing has numerous benefits to manufacturing in-house, including end-to-end manufacturing solutions and expertise in vaccine manufacturing.
One change is the focus on RNA-based COVID vaccines, a novel concept rapidly accelerated by the pandemic, which contract manufacturing companies are still working to increase the availability of.Īccording to the report, to meet the demands of the pandemic, almost three quarters of the pharma and biotech companies have entered into mergers and agreements with contract manufacturers to develop COVID-19 vaccines. According to the report, the new era of vaccine and biological drug development brought on by the pandemic has resulted in radical transformations in the vaccine contract manufacturing market. The report explains the significant impact that the COVID-19 pandemic has had on vaccine development and thus this market. According to a new market research report, the global vaccine contract manufacturing market is anticipated to value $4 billion by 2026, expanding at a compound annual growth rate (CAGR) of 13 percent between 20.
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