According to the latest report by IMARC Group, titled "Vaccine Contract Manufacturing Market Report by Vaccine Type (Attenuated, Inactivated, Subunit-based, Toxoid-based, DNA-based), Workflow (Downstream, Upstream), Application (Human Use, Veterinary), and Region 2025-2033," the global vaccine contract manufacturing market reached a value of USD 3.0 Billion in 2024. Vaccine contract manufacturing involves outsourcing of large-scale production of vaccines to Contract Manufacturing Organizations (CMOs) to offer cost-saving benefits to their clients. These contract organizations offer a vast array of services, including stability studies, pre-clinical activities, pre-formulation work, formulation development, registration batches, method development, and commercial manufacturing. The outsourcing of these services also assists in saving time and resources related to operations and management of production and research facilities. The CMOs also offer innovative technologies that aid in expanding the production chain of pharmaceutical companies.
Global Vaccine Contract Manufacturing Market Trends:
The global market is primarily driven by the increasing incidences of infectious diseases, such as coronavirus disease (COVID-19) and hepatitis-B, across the globe. Along with this, the rising awareness regarding the pivotal role of vaccines in improving health and boosting immunity has resulted in the growing demand for vaccine contract manufacturing on the global level. This is further supported by the reduced development costs and complex production protocols of vaccines. The market is also driven by the increasing demand for vaccine development from the private and government sectors. Numerous organizations are also undertaking initiatives to spread awareness regarding the importance of vaccination, which is creating a positive outlook for the market. Apart from this, the widespread integration of advanced technologies with contract manufacturing is also providing an impetus to the market growth. For instance, the advent of expression systems, including the EB66 and GPEx and cell culture media platforms, are acting as major growth-inducing factors. Some of the other factors contributing to the market growth include lack of skilled labor in numerous countries and extensive research and development (R&D) activities. Looking forward, the market value is projected to reach USD 6.3 Billion by 2033, expanding at a CAGR of 8.45% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Vaccine Type, Workflow, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Ajinomoto Co. Inc., Albany Molecular Research Inc, Catalent Inc, Cobra Biologics Limited (Charles River Laboratories International Inc.), Cytovance Biologics Inc. (Hepalink USA Inc.), Fujifilm Holdings Corporation, ICON plc, IDT Biologika GmbH, Lonza Group AG, Merck KGaA, Pharmaceutical Product Development LLC and PRA Health Sciences Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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