Canada Biologics Contract Development Market Size & Outlook
Canada biologics contract development market, 2018-2030 (US$M)
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Canada biologics contract development market highlights
- The Canada biologics contract development market generated a revenue of USD 735.4 million in 2023 and is expected to reach USD 1,383.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, mammalian source was the largest revenue generating source in 2023.
- Mammalian Source is the most lucrative source segment registering the fastest growth during the forecast period.
Biologics contract development market data book summary
| Market revenue in 2023 | USD 735.4 million |
| Market revenue in 2030 | USD 1,383.6 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Mammalian source |
| Fastest growing segment | Mammalian Source |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microbial Source, Mammalian Source, Other Source |
| Key market players worldwide | WuXi Biologics (Cayman) Inc, FUJIFILM Holdings Corp, AGC Biologics, Thermo Fisher Scientific Inc, Curia, Genscript Biotech Corp Class H, Boehringer Ingelheim Pharma, Abzena, JSR Corp, Bionova Scientific |
Other key industry trends
- In terms of revenue, Canada accounted for 9.2% of the global biologics contract development market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. biologics contract development market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,383.6 million by 2030.
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Biologics Contract Development Market Scope
Biologics Contract Development Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada biologics contract development market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biologics contract development market will help companies and investors design strategic landscapes.
Mammalian source was the largest segment with a revenue share of 53.63% in 2023. Horizon Databook has segmented the Canada biologics contract development market based on microbial source, mammalian source, other source covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada CRO market is driven by the significantly high investment made by the government and various contracts received by global players. If a company has to outsource to other organizations, it should abide to the Personal Information Protection and Electronic Documents Act (PIPEDA).
In September 2019, the Canadian Government announced an Investment of up to USD 100,000 in Everest Clinical Research, to support development of new technologies for managing data from clinical research trials.
According to the Government of Canada, the country is responsible for 4% of global clinical trials, is fourth in number of clinical trial sites, and has a world class contract research sector with extensive capabilities in phase I to IV clinical trials.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biologics contract development market, including forecasts for subscribers. This country databook contains high-level insights into Canada biologics contract development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biologics contract development market size, by source, 2018-2030 (US$M)
Canada Biologics Contract Development Market Share, 2023 & 2030 (US$M)
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