Seattle, WA -- (SBWIRE) -- 02/17/2020 -- Rising investment in biopharmaceutical industry by the prominent participants to enhance their productivity and efficiency has driven the biomanufacturers to increase their focus on outsourcing activities. Currently, biopharma companies have begun outsourcing the resource and capital-intensive steps and in few cases, the entire chain of biomanufacturing, thereby boosting demand for contract based services.

Mergers and acquisitions help CMOs offer integrated bioprocessing services to their clients, which, in turn, makes CMOs an attractive and feasible option for the rapid product launch. In recent years, the biopharmaceutical industry has witnessed a significant number of consolidations. These consolidations were mainly aimed at business expansion and to stay competitive in the biopharmaceutical contract manufacturing and services market.

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A significant number of approved products in U.S. are being manufactured by CMOs. Presence of several small and mid-size biopharmaceutical entities (SMEs) lack the resources and budget to establish facilities with well-equipped resources. This, in turn, has increased an inter-dependency between CMOs and SMEs in U.S., resulting in the dominance of the U.S. market.

Asia Pacific biopharmaceutical CMO market is expected to register the fastest CAGR during the forecast period. The key reason for the rise in outsourcing in Asian countries include cost-associated benefits, such as, lower labor costs and operating cost, across the region. India is anticipated to exhibit significant progress owing to the high volume of large molecule production in this country. Lack of global regulatory symmetry for biosimilar approval has significantly driven Indian market. As of 2016, there were 50 approved biosimilars in India, out of which only 24 were approved in Europe and five in the U.S.

The market is fragmented in nature due to the presence of a substantial number of developed as well as medium to small sized CMOs. Several market participants are privately held or are a part of private equity firms' portfolios. Some key CMOs are Ziehm ImagingCarestream HealthAllengers Medical Systems, Toshiba Medical SystemsHologicShimazdu CorporationGE HealthcareSiemens Healthineers, Koninklijke Philips N.V, Dentsply Sirona among others

The CMOs are integrating automation and innovative technologies at their plants to improve their capabilities in terms of project throughput and product quality. This has driven the interest of large molecule manufacturers in the CMOs to meet the growing demand for biologics.

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2) Assess the production processes, major issues, and solutions to mitigate the development risk.
3) To understand the most affecting driving and restraining forces in the Biopharmaceutical Cmo market and its impact in the global market.
4) Learn about the Biopharmaceutical Cmo market strategies that are being adopted by leading respective organizations.
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