Biologics CDMO Market Share

North American Market Forecasts

The North America biologics CDMO market is predicted to capture the highest share of over 35% in the coming years. The major factor to dominate the market share in this region is rising pharmaceutical companies. The USA holds a special distinction of being the world's largest manufacturer of pharmaceuticals. Due to the rapid technological breakthroughs occurring in the nation, some experts even rank it as the best country for the pharmaceutical business. Particularly, the United States of America tops the list of nations that import the most pharmaceuticals, underscoring its important position in the world pharmaceutical industry. Hence, the market for biologic CDMO is also surging in this region. Furthermore, this region is observing a huge rise in clinical trials which has further led to a shift from academic medical centers to community-based practices which is further predicted to dominate the market growth in this region.

APAC Market Analysis

The biologics CDMO market in Asia Pacific is projected to have significant growth during the forecast timeframe. This growth is set to be influenced by the rising population. 60 percent of the global population, which is approximately 4.3 billion people, live in the Asia and Pacific region, which happens to be home to China and India, the two most populous nations on earth. Furthermore, there has been a rise in government programs to spread awareness regarding the availability of biologics and influence the imports of various biologics. This is why the market for biologics CDMO is rising in this region.