Biotech API Manufacturing Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Biotech API Manufacturing Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Biotech API Manufacturing Service Trends and Forecast

The future of the global biotech API manufacturing service market looks promising with opportunities in the API process development & manufacturing, analytical testing & quality control, regulatory support, and scale-up & commercial manufacturing markets. The global biotech API manufacturing service market is expected to reach an estimated $17.4 billion by 2030 with a CAGR of 12.4% from 2024 to 2030. The major drivers for this market are rising demand for innovative and effective drugs, increasing prevalence of chronic diseases, as well as, growing adoption of biologics and biosimilars and rising trend towards personalized medicine.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Biotech API Manufacturing Service by Segment

The study includes a forecast for the global biotech API manufacturing service by service type, scale of operation, and region.

Biotech API Manufacturing Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:

• API Process Development & Manufacturing
• Analytical Testing & Quality Control
• Regulatory Support
• Scale-Up & Commercial Manufacturing

Biotech API Manufacturing Service Market by Scale of Operation [Shipment Analysis by Value from 2018 to 2030]:

• Small-Scale
• Mid-Scale
• Large-Scale

Biotech API Manufacturing Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biotech API Manufacturing Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biotech API manufacturing service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biotech API manufacturing service companies profiled in this report include-

• Lonza
• WuXi AppTec
• Boehringer Ingelheim Biopharmaceuticals
• CordenPharma
• Sterling Pharma
• AbbVie
• HIKAL
• Almac
• FUJIFILM Diosynth Biotechnologies
• Abzena

Biotech API Manufacturing Service Market Insights

Lucintel forecasts that large-scale companies is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to growing demand for pharmaceutical products in the region, population growth, rising healthcare spending, as well as, increasing prevalence of chronic diseases.

Features of the Global Biotech API Manufacturing Service Market

Market Size Estimates: Biotech API manufacturing service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biotech API manufacturing service market size by service type, scale of operation, and region in terms of value ($B).

Regional Analysis: Biotech API manufacturing service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service type, scale of operation, and regions for the biotech API manufacturing service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biotech API manufacturing service market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the biotech API manufacturing service market size?

Answer: The global biotech API manufacturing service market is expected to reach an estimated $17.4 billion by 2030.

Q2. What is the growth forecast for biotech API manufacturing service market?

Answer: The global biotech API manufacturing service market is expected to grow with a CAGR of 12.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the biotech API manufacturing service market?

Answer: The major drivers for this market are rising demand for innovative and effective drugs, increasing prevalence of chronic diseases, as well as, growing adoption of biologics and biosimilars and rising trend towards personalized medicine.

Q4. What are the major segments for biotech API manufacturing service market?

Answer: The future of the global biotech API manufacturing service market looks promising with opportunities in the API process development & manufacturing, analytical testing & quality control, regulatory support, and scale-up & commercial manufacturing markets.

Q5. Who are the key biotech API manufacturing service market companies?

Answer: Some of the key biotech API manufacturing service companies are as follows:

• Lonza
• WuXi AppTec
• Boehringer Ingelheim Biopharmaceuticals
• CordenPharma
• Sterling Pharma
• AbbVie
• HIKAL
• Almac
• FUJIFILM Diosynth Biotechnologies
• Abzena

Q6. Which biotech API manufacturing service market segment will be the largest in future?

Answer: Lucintel forecasts that large-scale companies is expected to witness the highest growth over the forecast period.

Q7. In biotech API manufacturing service market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for pharmaceutical products in the region, population growth, rising healthcare spending, as well as, increasing prevalence of chronic diseases.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the biotech API manufacturing service market by service type (API process development & manufacturing, analytical testing & quality control, regulatory support, and scale-up & commercial manufacturing), scale of operation (small-scale, mid-scale, and large-scale), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?