Asia Pacific Biopharmaceutical Cmo And Cro Market Size & Outlook
Asia Pacific biopharmaceutical cmo and cro market, 2017-2030 (US$M)
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Asia Pacific biopharmaceutical cmo and cro market highlights
- The Asia Pacific biopharmaceutical cmo and cro market generated a revenue of USD 9,244.4 million in 2021.
- The market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
- In terms of segment, mammalian was the largest revenue generating source in 2021.
- Non-mammalian is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 9,244.4 million |
| Market revenue in 2030 | USD 16,747.2 million |
| Growth rate | 6.8% (CAGR from 2021 to 2030) |
| Largest segment | Mammalian |
| Fastest growing segment | Non-mammalian |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mammalian, Non-mammalian |
| Key market players worldwide | Boehringer Ingelheim, Lonza Group Ltd, Innovent Biologics Inc, Rentschler Biopharma SE, JRS Pharma, AGC Inc, Probiogen, FUJIFILM Holdings Corp, Toyobo Co Ltd, Samsung BioLogics, Thermo Fisher Scientific Inc, R1 RCM Inc, WuXi Biologics (Cayman) Inc, AbbVie Inc, Binex, Charles River Laboratories International Inc, Icon PLC, PAREXEL, Labcorp Holdings Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.4% of the global biopharmaceutical cmo and cro market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,536.2 million by 2030.
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Biopharmaceutical CMO And CRO Market Scope
Biopharmaceutical CMO And CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific biopharmaceutical cmo and cro 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 biopharmaceutical cmo and cro market will help companies and investors design strategic landscapes.
Mammalian was the largest segment with a revenue share of 55.82% in 2021. Horizon Databook has segmented the Asia Pacific biopharmaceutical cmo and cro market based on mammalian, non-mammalian covering the revenue growth of each sub-segment from 2017 to 2030.
The Asia Pacific biopharmaceuticals CMO & CRO market is growing at a significant rate and the region is expected to emerge as the fastest-growing market for biopharmaceutical R&D and manufacturing. This growth can be attributed to various factors, such as regulatory changes, improving infrastructure, and presence of a large number of potential study subjects.
Several biopharma companies from the U.S. are considering development of pharma products in Asian countries owing to growing cost of R&D in their home country. Low-cost production facilities and cheap labor are available in Asian countries. The cost of production in Asian countries is 30% to 60% lesser than that in Western countries.
Asia Pacific region has been exhibiting continuous growth in biomanufacturing, and this is anticipated to considerably boost biomanufacturing in China and India. Moreover, conducting clinical trials in Asian countries, such as India, is relatively less expensive as compared to western countries, and this has also resulted in migration of several companies to this region.
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Our clientele includes a mix of biopharmaceutical cmo and cro market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biopharmaceutical cmo and cro market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biopharmaceutical cmo and cro market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biopharmaceutical cmo and cro market size, by country, 2017-2030 (US$M)
Asia Pacific Biopharmaceutical CMO And CRO Market Outlook Share, 2021 & 2030 (US$M)
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