GMP protein (E. coli) is used in the production of biopharmaceutical products such as vaccines, antibodies and certain hormones. It plays a vital role in the manufacturing of safe, effective and high-quality biologics. With the growing demand for biopharmaceuticals such as monoclonal antibodies and vaccines, biopharmaceutical companies are increasingly outsourcing their large-scale manufacturing needs to specialized contract development and manufacturing organizations (CDMOs). The global GMP Protein (E. coli) Contract Manufacturing Market is estimated to be valued at US$ 685.8 Mn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The outsourcing of biopharmaceutical manufacturing is being driven by factors such as high capital investments required for facilities, specialized personnel and equipment. It allows biopharmaceutical companies to focus on research and development activities instead of manufacturing infrastructure. Contract manufacturing organizations provide cost-effective solutions for clinical and commercial supply requirements. They are equipped with state-of-the-art facilities, expert personnel and capabilities for manufacturing across various scales and phases of development. This is fueling the growth of the GMP protein (E. coli) contract manufacturing market.
Strength: The rapid growth of biopharmaceutical industry and rising demand for recombinant proteins are driving the market. The highly skilled workforce and expertise in protein production are strengths.
Weakness: High capital investment and operational costs associated with cell culture production are weaknesses. Regulatory compliance and raw material supply issues also pose challenges.
Opportunity: Emerging Asian markets offer new opportunities for contract manufacturers due to low production costs. The growing biologics market presents opportunities as well.
Threats: Technology development by in-house production capabilities of pharmaceutical companies and stringent regulatory environment pose threats to contract manufacturers.
The global GMP Protein (E. coli) Contract Manufacturing Market is expected to witness high growth. Supported by increasing funding for R&D in cell culture development and recombinant protein production technologies.
The market in North America currently dominates due to presence of major players and pharmaceutical companies in the region. However, Asia Pacific is expected to witness fastest growth during forecast period due growing biopharmaceutical industry in emerging countries like China and India where production costs are lower.
Key players operating in the GMP Protein (E. coli) Contract Manufacturing Market are Merck & Co., Inc., Thermo Fisher Scientific Inc., Abcam plc, GenScript, and Albany Molecular Research Inc. These players collectively account for major share of global market. They have strong technical expertise, large production capacities and global presence which help them cater increasing demand. New product launches and partnerships with pharmaceutical companies have been growth strategies of leading players.
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it