Biopharmaceuticals Contract Manufacturing Market Size Worth $25.1 Billion By 2028: Grand View Research, Inc.
SAN FRANCISCO, Jan. 25, 2021 /PRNewswire/ -- The global biopharmaceuticals contract manufacturing market size is expected to reach USD 25.1 billion by 2028 registering a CAGR of 5.7% from 2021 to 2028, according to a new report by Grand View Research, Inc.
- SAN FRANCISCO, Jan. 25, 2021 /PRNewswire/ -- The global biopharmaceuticals contract manufacturing market size is expected to reach USD 25.1 billion by 2028 registering a CAGR of 5.7% from 2021 to 2028, according to a new report by Grand View Research, Inc.
- Growing biopharmaceutical pipeline and lack of adequate manufacturing capabilities are two key factors that are driving partnership between large molecule manufacturers and Contract Manufacturing Organizations (CMOs).
- Contract manufacturers are engaged in broadening their service portfolio to meet the company demands with respect to regulatory standards and new services.
- The supply chain of biopharmaceuticals remained robust and was largely unaffected worldwide during the coronavirus outburst.