Report Code: A13188 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biopharmaceutical Cmo And Cro Market
Request Now !Biopharmaceutical CMO and CRO Market Overview 2030
A contract manufacturing organization (CMO) is an organization that serves other companies in the pharmaceutical industry on a contract basis to provide comprehensive services for new drug developments through drug manufacturing. This helps the major pharmaceutical companies to outsource those aspects of the business which allow major companies to focus on drug discovery and drug marketing.
A contract research organization (CRO) is an organization that provides support to the pharmaceutical, biotechnological, and medical device industries in the form of research services which are on contract basis. Contract research organization provide services such as biopharmaceutical development, biological assay development, commercialization, preclinical research, clinical trials, and pharmacovigilance.
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.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the biopharmaceutical CMO and CRO market.
Top Impacting Factors
Market Trends
Business Expansion to Flourish the Market
In 2020, J-Star Research Inc., announced launch of new website which will help company to lead in contract research organization focused on small molecule process research and crystallization R & D.
In 2019, ANI Pharmaceuticals announced merger with WellSpring Pharma expansion of contract manufacturing organization. This expansion will help ANI pharmaceuticals to speed up drug development and drug manufacturing process
Key Benefits of the Report
Questions Answered in the Biopharmaceutical CMO and CRO Market Report   Â
Biopharmaceutical CMO and CRO Market Report Highlights
Aspects | Details |
---|---|
By Product |
|
By Source |
|
By Service Type |
|
By Region |
|
Key Market Players | Samsung BioLogics, ProBioGen, TOYOBO CO., LTD., Boehringer Ingelheim GmbH, JRS PHARMA, Lonza, Rentschler Biotechnologie GmbH, BIOMEVA GmbH, FUJIFILM Diosynth Biotechnologies U.S.A., Inc., Inno Biologics Sdn Bhd |
Start reading.
This Report and over 67,068+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers