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Biologics Contract Development Market Overview 2030
Biologics are genetically engineered proteins which are originated from genes of human. Biologic drugs target the specific parts of the human immune system. Biologics are completely different from chemically synthesized drugs. There is wide range of biologic products include blood components, somatic cells, recombinant gene therapies, vaccine, and allergenic. Biologics are constituted as nucleic acid, proteins, and tissue from living organisms. This products are isolated from sources such as animal, human, and microbes with the help of biotechnological methods. This product is very sensitive to contamination thus, biologics contract development exhibits high demand from pharmaceutical companies.
COVID-19 Impact Analysis            Â
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID-19 is expected to have a significant impact on the biologics contract development market.
Top Impacting Factors
Market Trends
New Product Launches to Flourish the Market
In 2021, Almac Group announced launch of biologics contract of testing and development solutions for expansion of their business. This expansion will help in development and testing of new biologics products.
In 2020, Lake Pharma In., announced launch of integrated chemistry and biologics services for streamlined antibody- drug conjugates development solutions for pharmaceutical and biotechnology sectors.
Key Benefits of the Report
Questions Answered in the Biologics Contract Development Market Report      Â
Biologics Contract Development Market Report Highlights
Aspects | Details |
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By Source |
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By Product Service |
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By Disease Indication |
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By Region |
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Key Market Players | KBI Biopharma, LakePharma, STC Biologics, Inc., Genscript Biotech Corporation, WuXi Biologics, Abzena Ltd., SE Thermo Fisher (Patheon), Boehringer Ingelheim BioXcellence, AGC Biologics, Fujifilm Diosynth Biotechnologies, Bionova Scientific |
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