ALL >> General >> View Article
The Global Adc Contract Manufacturing Market Is Driven By Growing Biologics Demand
The Global ADC Contract Manufacturing Market offers a wide range of services for antibody-drug conjugates (ADC) development and manufacturing. ADCs are a class of biopharmaceutical drugs that deliver cytotoxic agents to tumor cells through monoclonal antibodies that bind to antigens on tumor cells and release the anticancer payload once inside the tumor cell. The contract manufacturing organizations provide integrated services including cell line development, process and formulation development, bioanalytical testing, and clinical and commercial manufacturing.
The Global ADC Contract Manufacturing Market is estimated to be valued at US$ 1.79 Bn in 2024 and is expected to exhibit a 13.% CAGR over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Global ADC Contract Manufacturing are AbbVie Contract Manufacturing,Abzena,CARBOGEN AMCIS,Catalent Pharma Solutions,Cerbios-Pharma. These players provide end-to-end integrated ADC development and manufacturing services. The growing demand for antibody-drug conjugates for cancer treatment is driving significant demand for ADC contract manufacturing ...
... services. With over 70 ADCs in various stages of clinical development, the demand is expected to grow substantially in the coming years. The contract manufacturing organizations are also expanding their capabilities globally to cater to the rising demand from biopharmaceutical companies for outsourcing ADC manufacturing.
Market Drivers
Growing cancer prevalence globally is a key driver for the increasing demand of more effective therapies like ADC. According to WHO, cancer burden is expected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths by 2040. This rising cancer incidence rate is generating substantial demand for better targeted therapeutic options such as ADCs. The contract manufacturing organizations are thus investing in expanding their ADC manufacturing capacities to benefit from this growing market opportunity.
Geopolitical Impacts On Global ADC Contract Manufacturing Market Growth
The current geopolitical turmoil across many regions is negatively impacting the growth momentum of the global ADC contract manufacturing market. The rising geopolitical tensions between major economies like US, China and Russia have disrupted global supply chains. Many contract manufacturers depend on imports of raw materials and face delays or restrictions due to geopolitical issues. This is hindering their production schedules and ability to meet timelines for drug development companies. Geopolitical conflicts have also led to economic uncertainties which have reduced R&D investments in biopharma sector. As ADC therapeutics require significant funding for clinical trials, any decline in R&D budgets pose a major challenge for market growth in coming years.
To sustain growth amid geopolitical instability, contract manufacturers must diversify their sourcing networks and establish backup suppliers in different geographic regions. They need to implement risk mitigation strategies and production flexibility to deal with potential supply disruptions. Contracting flexible capacity through strategic partnerships can help maintain business continuity. Focus on automation and use of advanced technologies in manufacturing will help reduce costs and dependencies on specific workforce availability. Developing regional manufacturing presence closer to clients through strategic acquisitions can lower geopolitical risks for contract manufacturers.
Geographical Regions Of Concentrated Market Value
The North America region currently dominates the global ADC contract manufacturing market and accounts for over 40% of the total market value. Presence of many top biopharma companies and high R&D spending on novel cancer therapies has propelled outsourcing needs for ADC contract development and manufacturing services in the US and Canada. Europe is also a major revenue generator, led by presence of top CMOs catering to international biotech clients. Countries like UK, Germany, France and Italy collectively account for over 30% share of the market value.
Fastest Growing Regional Market
The Asia Pacific region, led by China and India, is poised to be the fastest growing regional market for ADC contract manufacturing during the forecast period. Many international contract manufacturers are expanding their presence in Asia to take advantage of low-cost skilled workforce. In addition, rising healthcare expenditures, growing biopharma industry and increasing incidence of cancer are elevating outsourcing demands across Asian markets. The availability of strategic government incentives and tax benefits for biomanufacturing investments are also luring many Western CMOs to establish regional facilities, thereby accelerating market growth rates in Asia Pacific.
Get more insights on this topic: https://www.patreon.com/posts/global-adc-to-to-111538699?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=postshare_creator&utm_content=join_link
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
What Are The Key Data Covered In This Global ADC Contract Manufacturing Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global ADC Contract Manufacturing Market's growth between 2024 and 2031.
:- Accurate calculation of the size of the Global ADC Contract Manufacturing Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global ADC Contract Manufacturing Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global ADC Contract Manufacturing Market vendors
FAQ’s
Q.1 What are the main factors influencing the Global ADC Contract Manufacturing Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global ADC Contract Manufacturing Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global ADC Contract Manufacturing Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Add Comment
General Articles
1. Best Vlsi Projects For Ece StudentsAuthor: Sandhya
2. Top 5 Reasons To Choose The Best Joint Replacement Surgeon In Jaipur For Your Surgery
Author: uttam
3. Electrical Efficiency How High Quality Filament Insulating Tape Can Transform Your Power Transformer Maintenance
Author: jarod
4. Crafting Elegance With Luxury Hotel Uniforms
Author: catherin
5. كيف تختار افضل شركات العقارات في عجمان؟
Author: tarek
6. Ways To Improve Your Language Vocabulary
Author: Lavy Johnson
7. Mastering Mobile Development: Why React Native Training Is A Game-changer
Author: Infograins tcs
8. The Art Of English To French Translation For Global Brands
Author: CCJK Technologies
9. Maximise Your Refunds With Expert Tax Accountants!
Author: Zib Digital
10. Dielectric Insulation Properties Of Ptfe Film Tape Key To Safe Electrical Applications
Author: susie
11. The Power Of Brand Activation Services: Elevate Your Business Impact
Author: Good + Bar
12. The Rise Of Ai In Digital Marketing: How To Leverage Technology For Success
Author: Praveen prajapati
13. Why Choose Hampton Style Home Builders For Your Dream Home?
Author: longislandhomes
14. Creating Lasting Memories With Luxury Yachts In Dubai
Author: The Yacht Brothers
15. Third Party Pharma Manufacturing: Streamlining Production For Pharma Companies
Author: mypharma